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Scams targeting older adults are becoming more frequent, especially in smaller towns and rural communities. Experts are urging seniors to stay alert, because fraudulent contractors, crypto investment schemes, and other deception are hitting this group hard.
Bezalel Eithan Raviv, CEO of Lionsgate Network, and the Wichita Falls Better Business Bureau shared tips on what to watch out for and what you can do to protect yourself.
What to look out for:
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If someone you don’t know offers an investment opportunity or says they can help you make money – that’s a red flag. Never give trust to strangers pushing opportunities.
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Be cautious about contractors or people coming to your door, especially in small communities where local rules or oversight may be weaker.
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Scammers often use urgency (you must act now) to pressure seniors into decisions without time to think.
What seniors can do:
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Validate who you’re dealing with ask for proof, check credentials, talk to people you trust. If you’ve never met the person or company, do extra checks.
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Consult someone you trust before making big decisions or sending money, especially for investment offers.
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If you suspect a scam, reach out to Better Business Bureau (BBB) or other consumer protection organizations for help. Don’t be afraid to ask questions.
Stay safe and aware in financial matters, slow down, verify everything, and don’t let pressure push you into decisions.
