Illinois Department on Aging  
www.state.il.us/aging

Pat Quinn, Governor

Aging Links

HOME
About Us
Assistance in Your Home & Community
Illinois Family Caregiver Support
Grandparents Raising Grandchildren
Legal Assistance
Adult Protective Services (formerly Elder Abuse)
Long-Term Care Ombudsman
Long-Term Care Council
Intergenerational & Volunteer Programs
Senior Health Insurance Program (SHIP)
Directory of Agencies Serving Seniors
Illinois Area Agencies on Aging
Senior HelpLine 1-800-252-8966, 1-888-206-1327 (TTY)
Building Public Awareness
News & Publications
Calendar
Legislative Updates
Statutes & Rules
Related Web Sites
Illinois Home

[Search Tips]

  2013 Press Releases  

diagonal image

FOR IMMEDIATE RELEASE
January 11, 2013

Seniors warned about a scam to get cash

Dept on Aging offers clues that someone may be victim of financial exploitation

SPRINGFIELD - January 11, 2013. Illinois Department on Aging (IDoA) Director John K. Holton, Ph.D., is warning seniors about an attempt to scam seniors and steal their money. IDoA is acting to alert Illinois seniors based on a report by Springfield Police that two elderly females fell victim to the scam. In two recent cases, a man reportedly called and told the victim he works at their bank. He got the victims to share information from their bank statements and told them he believed a bank employee was stealing from their account. He asked for their help to catch the person. The man convinced the victims to make cash withdrawals from their accounts then meet with him to give him the cash. The man got away with almost seven thousand dollars.

"Financial exploitation is the most common reported type of elder abuse. It's disgusting that there are people who target older adults in order to steal their money," said Director Holton. "A good rule of thumb is to never give anyone who calls on the phone, or sends email, personal information including bank information."

In fiscal year 2011 the state received 6,205 reports of suspected elder financial abuse and exploitation which accounts for 57% percent of all reported cases of abuse against elders. Only2.2% percent of those cases were reported by banks and other financial institutions.

As a defense against predators that prey on financially vulnerable seniors, IDoA administers the Bankers and Seniors Against Financial Exploitation or the B* SAFE training program. The training is now required to teach staff at Illinois banks and credit unions to identify and report suspicious circumstances. Since the training became a state regulatory requirement in 2011, several scams have been uncovered and prevented.

Warning signs that a senior may be a victim of financial exploitation include: sudden changes in bank accounts or banking practices; the inclusion of additional names on a senior's bank signature card; unauthorized withdrawal(s) of the victim's funds using the victim's ATM or credit card; large sums of money loaned with no repayment arrangement; abrupt changes in a will or other financial documents; excessive charges for residence or services; complaints of deception or theft of funds or property.

To learn more about preventing elder abuse and neglect, including financial exploitation, log on to the Illinois Department on Aging website at: http://www.state.il.us/aging/. Anyone who suspects that an older adult is being mistreated should call the Illinois Department on Aging 24 hour Elder Abuse Hotline at 1-866-800-1409.

###

Printer-friendly Version (PDF)



  Archives  

diagonal image


Section Links

Press Releases
Publications

Some files on this site are in Adobe Acrobat PDF format. You may download a FREE copy of Adobe Acrobat by clicking the logo below.

Get Adobe Acrobat Reader Free!

Access Adobe's
PDF Accessibility Tools

The above links for Adobe Acrobat will open a new browser window.
Copyright © 2012 Illinois Department on Aging Site Disclaimer | Privacy | Accessibility | Contact Us