How to protect your parents from financial scams

Argentina Noticias Noticias

How to protect your parents from financial scams
Argentina Últimas Noticias,Argentina Titulares
  • 📰 ladailynews
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 59%

Scam artists often target older adults, so it’s important to help protect the ones you love.

When a scam artist called Cameron Huddleston’s mom to tell her to wire money in order to claim a prize, Huddleston had to intercept the calls. Her mom, who had been diagnosed with Alzheimer’s, was convinced she had to wire the money as soon as possible.

Scam artists often target older adults, partly because they have amassed greater wealth. “If you are thinking from a criminal’s perspective, which target will give you the greatest returns: a broke 20-something who is struggling with student loans or a baby boomer with a couple million dollars of retirement assets?” asks Marti DeLiema, assistant professor of social work at University of Minnesota’s School of Social Work.

Here are some steps fraud experts suggest taking to protect your parents and other older adults you care about from falling victim.“Talking about scams can be one of the easier conversations because we’re all targeted,” Huddleston says. And you can use your own experiences or trending news to put it out there in a way that isn’t condescending.

It’s also relatively easy to sign up for financial account monitoring or to receive alerts for every transaction, Huddleston says. In some cases, it could make sense to allow adult children to also monitor those accounts, depending on the parents’ comfort level and support needs.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

ladailynews /  🏆 332. in US

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Florida woman admits to stealing $2.8 million from Holocaust survivor in ‘sick’ romance scamFlorida woman admits to stealing $2.8 million from Holocaust survivor in ‘sick’ romance scamStergo also bought a boat and other cars on top of the house and Corvette she purchased, the feds said.
Leer más »

Florida woman who stole $2.8 million from Holocaust survivor in romance scam pleads guiltyFlorida woman who stole $2.8 million from Holocaust survivor in romance scam pleads guiltyA Florida woman who swindled $2.8 million out of an 87-year-old Holocaust survivor in a romance scam pleaded guilty on Friday to one count of wire fraud, prosecutors announced.
Leer más »

Lehi woman says con artist used cancer diagnosis to hook her in a scamLehi woman says con artist used cancer diagnosis to hook her in a scamSomeone on Facebook said there was a way to apply for a grant to help with cancer bills. It was a scam.
Leer más »

Woman Who Stole Holocaust Survivor's Savings in Romance Scam Pleads GuiltyWoman Who Stole Holocaust Survivor's Savings in Romance Scam Pleads GuiltyA Florida woman who stole the life savings of an 87-year-old Holocaust survivor in what a prosecutor called a “sick” romance scam pleaded guilty Friday and could face prison time, officials said. Peaches Stergo, 36, pleaded guilty to wire fraud, which carries a maximum of 20 years in prison under the law. The Champions Gate woman stole over $2.8 million from the…
Leer más »

Empower parents to protect children from social mediaEmpower parents to protect children from social mediaThis February, the Centers for Disease Control and Prevention released an alarming report on teenage depression. This March, the Republican-controlled legislature of Utah acted in response. This year, congressional Republicans should do the same.
Leer más »



Render Time: 2025-04-02 20:45:20