According to the Consumer Law Center, Inc. (CLC), Americans lose an estimated $40 billion each year to the fraudulent sale of goods and services over the telephone. The elderly are frequent targets of telemarketing frauds and sweepstakes scams. Studies conducted by CLC reveal that “fraudulent telemarketers direct anywhere from 56 percent to nearly 80 percent of their calls at older customers. One sweepstakes-related scam detailed on CBS’s 60 Minutes reportedly bilked seniors in 24 states out of an estimated $5 billion.”
The National Crime Prevention Council is working to design, implement, promote, and evaluate a strategic approach to prevent telemarketing fraud and related crimes against seniors by promoting awareness and action on preventive strategies by senior consumers, law enforcement, and other community resources.
Watch the four minute Elder Financial Fraud News Segment here.
Drizin Law is providing this information for educational purposes only. It should not be construed as legal advice or a legal opinion as to any specific facts or circumstances. This information is based on general principles of Nevada law at the time it was created and you should be aware laws frequently change. Moreover, the laws affecting you may differ depending on the circumstances. You should consult with a qualified attorney in your own state or jurisdiction concerning your particular situation. Review of this information does not create an attorney-client relationship.