CONTRA COSTA COUNTY, CA (May 20, 2025) — Every day, scammers target older adults with clever, manipulative schemes that rob them of money, trust and peace of mind. And they’re getting more sophisticated.

In 2023, Americans over age 60 reported billions in losses to scams – many of which could have been prevented with a little awareness and support.

If you live alone or handle most of your affairs independently, you may be more vulnerable than you think. That’s why it’s important to recognize common scams and consider how having someone by your side – like a trusted caregiver – can help keep you safe.

What to watch for

There are four common types of elder fraud:

Tech support or government impersonation scams. Scammers pose as tech support or claim to be from the IRS or Social Security Administration. They may say you owe back taxes or your computer has a virus – and pressure you to send money immediately. These scams rely on fear and our instinct not to question authority.

Investment fraud. Seniors are often targeted with fake investment opportunities that promise guaranteed returns. Scammers may build trust over time using fake identities and official-looking documents. In 2023, victims over age 60 reported more than $1.2 billion in losses from investment fraud alone.

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Confidence/romance schemes. Loneliness is something scammers exploit. These schemes start as online friendships or romances and, over time, the scammer begins asking for money, gifts or access to financial accounts. In 2023, seniors lost nearly $357 million to these deeply personal scams.

Cryptocurrency scams. In a growing trend, scammers convince seniors to withdraw large sums of money and deposit it into cryptocurrency ATMs or kiosks. Once the money is converted, it’s nearly impossible to recover. Reported losses from this type of fraud exceeded $1.1 billion last year.

You don’t have to be alone

These scams are frightening – but preventable. Having a second set of eyes can make all the difference.

A caregiver isn’t just there to help with household tasks. They can serve as a trusted safeguard against manipulation and fraud. A caregiver or companion can:

• Screen unfamiliar calls, emails or texts.
• Spot red flags and questionable requests.
• Offer emotional support and prevent isolation.
• Notify family or authorities if something seems off.

What to do if you’re a victim

If you suspect fraud, report it to the FBI’s Internet Crime Complaint Center at ic3.gov and notify your bank immediately. Quick action matters.

You’ve spent a lifetime earning what you have. Don’t let someone take it away in a moment of confusion or fear. Stay informed, stay connected and never be afraid to ask for help.

Presented by Home Helpers of Concord: Helping seniors stay safe, supported and independent at home.