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Knowing What to Look for Helps You Avoid Being Scammed

 

Thank you for allowing us to share our knowledge with you. We will continue to bring you relevant information for businesses and attorneys who represent them.   

 

In this edition we have provided you information on The Grandma Scam and How to Keep Seniors Safe from Scammers.

 

We want to write about what you want to know. Please e-mail us your topics of interest at fraudalert@cadfaelinvestigativegroup.com.

 

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Cadfael Investigative Group can help you keep your loved ones safe. 

 

Sincerely,

Thomas M. Rucke, President
Cadfael Investigative Group, Inc.


The Grandma Scams


Dozens of scams that target the elderly, and new ones emerge every day, costing the elderly millions of dollars in funds and emotional distress. Con artists are good at what is called the "personality sell." This means they appear friendly, sympathetic, honest and willing to listen to and spend time with their targets.

 

Sometimes they use fear tactics, such as convincing older homeowners that their roof will collapse if the contract to fix it is not signed immediately. Another fear tactic is perfected in the Granny Scam. In this scam a telephone call is received late in the night. The caller's voice is desperate, sounding scared and sometimes sobbing. He is panicked and begging for help. The caller represents himself as a grandchild claiming to be in a jail some place often a foreign country. The grandchild says he is being held for drunken driving, or a car accident and is in need of money that must be wired immediately so that he can post bail or be required to remain in jail for a sustained period of time. Of course, the grandmother will do all she can to help her grandson.

 

The caller only calls the victim "Grandma" and relies on...Read More  

 


How to Keep Seniors Safe from Scammers

 

Why are seniors targeted by fraud scams? Because there are a lot of them, and many seniors have money and are trusting, making them easy targets for fraudsters. If these schemes did not result in profits, no one would use them.

 

A few months ago I received a call from a friend who reported that his elderly mother had fallen victim to a scheme pitched by a fraud artist.  He related how a significant amount of his mother's savings was taken by an unscrupulous telemarketer.  What kind of a person would target the elderly, he asked?

 

Those of us in the industry of caring, protecting, and defending need to know why seniors are targeted and be able to recognize the warning signs are that a senior may be a victim. After all, our senior citizens are vulnerable and one bad decision can seriously jeopardize their financial well-being and subsequently their physical health as well. If you care for a senior, this newsletter article is meant for you.

 

Why are senior citizens targeted by fraud scams?


Seniors are targeted for a number of reasons. First, many older Americans are...
Read More

 

 March 2013
In This Issue
The Grandma Scams
How to Keep Seniors Safe from Scammers
Fraud Tip
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Get Caller I.D.  This will help you identify who is calling your senior.

 


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"When requested to wire funds, be sure to know who you are dealing with. Be Suspicious."

 

- Cadfael   

 

 

About Us
At Cadfael Investigative Group, Inc. we help our clients' identify and eradicate fraud. We provide them with the power of knowledge. We bring added information and insight to clarify and understand challenges they face.

Our investigative focus is on fraud identification and prevention in the legal and business communities of Minneapolis, MN. Our focus in the area of our expertise allows our experienced investigators to utilize their skills and gives our clients good value for their investment and an economic advantage. We provide our clients information they need to protect their clients and business. We also provide them with new services and capabilities that free up their time so they can focus on what they do best.

Our clients benefit by improved employee loyalty, increased profitability, and less time and resources spent managing internal losses. Learn more...


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