Thank you for the opportunity to help you with your question!
There are varieties of ways in which older adults are tricked out of their money by strangers. Some of the more common ways are:
Lottery and sweepstakes scams where an older adult is informed that they have won the lottery and must send in money to cover mailing and other related expenses before receiving winnings.
Grandparent scam in which someone calls an older adult claiming to be their grandchild and asks for money to get out of an emergency situation.
Internet phishing for account information, often done by emailing an older person with a false claim from a bank and then asking for personal account information.
the best way to control this is by educating the elderly people and should always do a transcation with a stranger in the presence of a trusted relative.the govvernment should enact srtrict rules and punishment to the fraudsters.Please let me know if you need any clarification. I'm always happy to answer your questions.
Jan 7th, 2016
Did you know? You can earn $20 for every friend you invite to Studypool!