Know the signs of financial exploitation

Elvera Bartels

Think about getting an e mail that says you have gained a new washer and dryer in a community contest. All you have to do is fork out a tiny delivery cost to obtain your appliances. Seems fantastic, appropriate?

Regrettably, this circumstance has a number of signals of financial exploitation.

Monetary exploitation occurs when a person illegally or improperly gains the assets of a susceptible particular person via a scam. It may possibly also materialize via theft, deception, intimidation, or undue impact. In accordance to the Federal Trade Commission, scammers stole virtually $three.three billion in 2020.* Con artists have numerous—often believable—methods to trick folks out of dollars. They may possibly established up a fake courting profile, then request for dollars for “emergencies.” Some impersonate government businesses, like the IRS, and threaten to arrest the victim unless of course they fork out a cost. Retirees are generally qualified simply because

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