Elder Financial Abuse: Do You Know the Signs?

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Phony telemarketers and Internet schemers aren’t the only groups ripping off older Americans’ hard-earned money. Senior financial scams are on the rise, but with proper prevention and education, the trend can be reversed.

The public is invited to attend a free workshop, Senior Financial Scams: How to Protect Family and Friends, on Tuesday, June 25 at 6pm at Mid Oregon Credit Union, 1386 NE Cushing Drive, in Bend. Presenting the workshop will be Lt. Scott Beard of Deschutes County Sheriff’s Office. Call 541-382-1795 to reserve your seat. Refreshments will be served.

Elderly people are a tempting target because they account for a majority of the wealth in the country. Plus, the ranks of the elderly are growing. As the worth of seniors increases, so does the likelihood they’ll be targeted by con artists trying to strip them of their life savings. At the workshop you will find out how big the problem of financial exploitation is, who’s committing the crime, common examples of senior scams, how to recognize signs of abuse, what the long-term effects of exploitation are, how to prevent it and where to go for help.

Mid Oregon Credit Union offers free financial workshops throughout the year, go to their website www.midoregon.com for upcoming topics.

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