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5610 Ward Rd, Ste 300 Arvada, CO 80002
9200 E. Mineral Ave, Ste 100 Centennial, CO 80112
Phone: (303) 252-0852
Website: www.walshfinancialsolutions.com
March/April 2023
Targeting Seniors
Criminals find new ways to defraud their victims all the time. While anyone can become a victim of fraud, seniors age 60 or older seem to be the population most often targeted by scammers. Consider warning parents and older friends and relatives about these five common scams.
Grandparent Scam
The scammer poses as a grandchild or other relative or as someone calling on behalf of that individual, such as law enforcement or an attorney. The “grandchild” says he or she is in trouble and asks the grandparent to wire money for bail, hospital bills, or another fake expense.
Government Impersonation Scam
The scammer claims to be a government employee, often from the Social Security Administration or IRS, and threatens arrest or prosecution unless the victim provides funds or other type of payments.Sweepstakes or Lottery Scam
The scammer tells victims they’ve won a sweepstakes or lottery and asks for money to pay fees and taxes on their winnings.Tech Support Scam
Scammers call or text the victim, offering to “fix” a non-existent computer issue. The scammer asks the victim to call a toll-free number or click on a link, thereby gaining remote access to the victim’s computer or phone and their personal information.Romance Scam
The victim meets a person online who quickly expresses deep feelings and gains the victim’s trust. The “relationship” often goes on for many months before the scammer creates a story about needing funds and asks the victim for money or bank account information. The scammer then disappears with the victim’s money, sometimes thousands — or even hundreds of thousands — of dollars.Report fraud to the National Elder Fraud Hotline at 833-372-8311.
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Vanderbilt Financial Group is the marketing name for Vanderbilt Securities, LLC and its affiliates. Securities offered through Vanderbilt Securities, LLC. Member: FINRA, SPIC. Registered with MSRB. Advisory Services offered through Walsh Financial Solutions or Vanderbilt Advisory Services. Walsh Financial Solutions and Vanderbilt Financial Group are separate and unaffiliated entities.
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