New Toolkit: Financial Fraud Prevention for Older Adults

Posted on February 27, 2018 by Jodi Boyne

The Minnesota Department of Commerce has released a new toolkit to empower older adults and their families to protect themselves against financial fraud. 

Fraud against older adults takes many forms – from classic Ponzi schemes with phantom investments promising “guaranteed” profits to fake sweepstakes and lottery scams. It can even involve a family member, friend or caregiver who abuses their trust and exploits an older adult’s vulnerability to steal from them. 

The best line of defense is prevention through education. The Financial Fraud Prevention Toolkit from the Minnesota Department of Commerce can help stop fraud before it starts. To download a toolkit or to receive one via mail, see Request Form – Financial Fraud Prevention Toolkit