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Philadelphia Attorney for Financial Fraud on an Elderly Person

If you or someone you know was a victim of elderly financial fraud and is looking to file a claim in Philadelphia, our lawyers can assist. At the Reiff Law Firm, we understand the frustration you may feel after being a victim of an abusive scammer. We know all you want is peace of mind moving forward.

For this reason, we will fight tirelessly and aggressively to protect your rights. We can help you hold the liable parties accountable for your losses. Thanks to our many years of experience, we have learned how to best guide you through this difficult time. Let our experience, knowledge, and dedication work for you. Call our law offices today for a free, confidential consultation. Our phone number is (215) 709-6940.

Understanding Financial Fraud on Elderly People in Philadelphia

Compared to younger individuals, older adults are at higher risk of being victims of financial fraud. According to the National Adult Protective Services Association (NAPSA), thousands of older adults are scammed every year in the United States. One of the reasons why senior citizens are targeted by scammers every year is that most of them have already paid most of their debt and may have money to spend sitting on their bank accounts. According to the FBI (Federal Bureau of Investigation), people who were born in the 1940’s and 1950’s, are generally trusting and polite, which makes them an easy target for con artists.

The problem with fraud on older adults is that many times this community is not aware of the dangers lurking around them. Internet ads, mail-in letters, and telemarketing are some of the ways con artists engage in direct communication with older adults and perpetrate their crimes. Another significant problem with fraud on elderly people is that many of these victims are not able to keep track of their scammers. For this reason, they may not be able to provide sufficient information about the scam when they report it.

There have also been reports of fraud committed by older adults’ family members. This is especially true in cases where an older adult is unable to have a say on their finances due to a disability. If you or someone you know has been prey of fraud in Philadelphia, our attorneys can help you. We will fight aggressively against those who took advantage of you.

Common Types of Elderly People Financial Fraud in Philadelphia

Scammers are always on the lookout to prey on the weak. Unfortunately, many scammers and con artists go after older people who may not be able to identify a scam until it is too late. Over the years, scammers have come up with different ways to get money from unsuspecting seniors. We have identified some of the most common types of scams older adults are often victims of:

Fraudulent Ads

Older citizens are often bombarded by advertisements promising a benefit in exchange for their money. For instance, there are many ads promising health, vitality, anti-aging, and healing products. For thousands of seniors, anything that can help boost their quality of life may be worth trying. The problem is that most of these products have no value and show little to no results. In the end, unsuspecting seniors end up paying hundreds and thousands of dollars in products that don’t work.

Also, there are scammers out in the open offering services to make people look younger and feel better. For instance, there is scammer dedicated to providing customers with “watered-down” versions of Botox, which not only can cost a lot of money, but it can also put an individual’s life at risk.

Phone Scams

Phone scams have been one of the most significant sources of financial fraud for decades. One of the reasons why scammers depend on telephone scams is that many senior citizens still use their phones to make most of their purchases. Unfortunately, many senior citizens don’t have access to or have little experience with computers and the internet. Scammers are aware of this reality and resort to fraudulent telemarketing calls to rob seniors of their money.

The most difficult aspect of this type of scam is that there is no face-to-face interaction with the scammer or any paper trail to follow. Without these two critical elements, it is hard to bring scammers to justice. While this type of scam may be difficult to deal with, there may still be ways to help find the perpetrators.

Internet Fraud

Seniors who have access to a computer and use the internet may also fall victim to financial fraud. Unsuspecting seniors are often targeted with hundreds of automated ads created by savvy scammers. An unsuspecting senior may be tempted to click and follow whatever these ads say. In the end, many older adults end up submitting their personal information, which may then be used to strip them from their money or sell it to the highest bidder.

An Attorney Can Help with Your Philadelphia Elderly Person Fraud Case

Senior citizens who have been wronged by an abusive scammer can file a claim to recover what they lost. This can be achieved by filing a civil claim against the liable party. In other words, you may be able to sue to recover what you have lost. Filing a claim for financial fraud against an elderly citizen requires knowledge and experience. It is always in your best interest to get legal representation from an attorney who understands how civil claims work. Our Philadelphia attorney for victims of elderly financial fraud can assist you throughout the claim process.

Philadelphia Attorney for Victims of Financial Fraud on an Elderly Person Offering Free Consultations

If you or a loved one was the victim of elderly financial fraud in Philadelphia, we can help. Our elderly fraud attorneys at the Reiff Law Firm can help you hold the liable parties accountable and fight for your compensation. Over the years, we have developed the necessary skills and experience to guide you and let you know what to expect from your case. We will work tirelessly to uphold your rights from start to finish. Call our law offices today and schedule your free, confidential consultation. Our phone number is (215) 709-6940.