ACFE PNW Chapter’s Post

𝗗𝗢𝗡'𝗧 𝗕𝗘 𝗔 𝗩𝗜𝗖𝗧𝗜𝗠! Before wiring money or purchasing pre-paid cards for money transfers, look for signs of fraud. 𝗗𝗼 𝗻𝗼𝘁 𝗿𝗲𝗹𝘆 𝗼𝗻 𝗖𝗮𝗹𝗹𝗲𝗿 𝗜𝗗 𝗮𝘀 𝗰𝗼𝗻𝗳𝗶𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗶𝗱𝗲𝗻𝘁𝗶𝘁𝘆. Caller ID can be easily “spoofed”. Call local Law Enforcement directly to confirm what is being advised by the caller, they will be aware of recent scams. 

National Consumer Protection Week is a time to help people understand their consumer rights and avoid frauds and scams. On National Slam the Scam Day and throughout the year, these tools will help you to recognize Social Security-related scams and stop scammers from stealing your money and personal information. Protect yourself, your loved ones, and people in your community. Visit https://lnkd.in/gtKZxWRr to learn more about how to spot a scam. #SlamTheScam #NCPW2024 #consumerprotectionweek #creditunions

Learn the red flags of scams and #SlamTheScam!

🔍 Unmasking the Menace: How Elder Fraud is Draining Billions from America’s Seniors 📜 Introduction The surge in elder fraud within the United States has reached unprecedented levels, with reported losses topping $3.4 billion last year alone, signaling an urgent need for awareness and action. 🕰️ Historical Background Elder fraud isn’t a new phenomenon but has evolved significantly with technology. Historically, these scams were often perpetrated via mail or phone but have since moved to more sophisticated online platforms. 🔍 Significant Milestones In 2023, a distressing spike in elder fraud cases was noted, with a 14% increase from the previous year. This escalation is particularly concerning given the broader societal implications, including the erosion of trust and financial stability among the nation’s seniors. 🌐 Impact on Society/Industry The financial repercussions extend beyond individual losses, affecting financial institutions and the overall economy. The loss of billions annually compounds the financial challenges facing seniors, increasing their dependency on social services and family support. 🌟 Legacy and Future Outlook Efforts to combat these crimes include enhanced surveillance by federal agencies and new protocols within financial institutions aimed at intercepting fraudulent transactions before irreparable damage is done. 🔄 Conclusion This rising tide of elder fraud demands a robust response — both in terms of law enforcement action and community education. Awareness and vigilance are key in protecting our seniors from these financially devastating schemes. ✊ Call to Action Stay informed and protect your loved ones by understanding and discussing the signs of elder fraud. Join the conversation on how we can forge stronger protections for our senior community. #ElderFraudAwareness #ProtectOurSeniors #FinancialSafety #FraudPrevention https://lnkd.in/eqXJjREZ

Don’t fall victim to credit card fraud. Make it your duty to frequently check your credit card statements and credit report. For more consumer protection tips, follow us! #consumerlaw #consumerrights #consumerprotection #debtcollection #debt #creditreport #freecreditreport

It’s National Consumer Protection Week! We're highlighting how to protect your small business from scams.  Did you know scammers often impersonate trusted entities to trick you into paying? Always verify before making payments or sharing sensitive info. Learn the signs and stay vigilant!  Stay tuned for daily tips on recognizing and preventing scams. Knowledge is your best defense!  #NCPW2024 #ConsumerProtection #SmallBusiness #ScamAwareness #ProtectYourBusiness

🚨Attention, seniors and their loved ones! Elder fraud is a growing concern, with a staggering $3.4 billion in reported losses last year, according to a new FBI report.👵 The frequency of criminal schemes targeting U.S. seniors increased by 14% between 2022 and 2023. The most costly of these scams? Investment schemes entice victims to transfer money to fraudulent financial institutions. Last year, over 5,920 individuals aged 60 and above lost more than $100,000 due to these criminal frauds. This is a serious issue that requires our attention. So, how can we combat this? Stay cautious of unsolicited contact from financial institutions or unknown parties. If an offer seems too good to be true, it likely is. Make it a priority to educate yourself and your loved ones about common scams. If you suspect any suspicious activity, report it to law enforcement as soon as possible. Let's empower ourselves with knowledge and stay vigilant! Source: https://lnkd.in/dz-ZuATN

🚨Attention, seniors and their loved ones! Elder fraud is a growing concern, with a staggering $3.4 billion in reported losses last year, according to a new FBI report.👵 The frequency of criminal schemes targeting U.S. seniors increased by 14% between 2022 and 2023. The most costly of these scams? Investment schemes entice victims to transfer money to fraudulent financial institutions. Last year, over 5,920 individuals aged 60 and above lost more than $100,000 due to these criminal frauds. This is a serious issue that requires our attention. So, how can we combat this? Stay cautious of unsolicited contact from financial institutions or unknown parties. If an offer seems too good to be true, it likely is. Make it a priority to educate yourself and your loved ones about common scams. If you suspect any suspicious activity, report it to law enforcement as soon as possible. Let's empower ourselves with knowledge and stay vigilant! Source: https://lnkd.in/en6vtxak

Fraudsters target small businesses with scams. Here are some to watch out for

Fraud is getting more sophisticated. If you’re unsure, always stop, think and check. Find out how to stay ahead of scams. Consumer Friend is supporting the UK Government’s National Campaign Against Fraud Visit https://lnkd.in/e6AA2xjc #StopThinkFraud #Take Five #consumerfriend #consumervulnerability #consumerrightsmadeeasy #consumerprotection