Protecting Seniors from Financial Scams
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Updated: 5:24 PM Jun 24, 2008
Protecting Seniors from Financial Scams
What's being done here in Michigan to stop scammers from targeting seniors, and how you can protect your loved ones.
Posted: 8:54 AM Jun 19, 2008
Reporter: Emilie Voss
Email Address: EMILIE.VOSS@WILX.COM
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Financial exploitation of seniors is one of the fastest growing crimes in America.
As many as 5 million seniors fall victim to financial abuse every year, and over 60 percent of perpetrators are family members or caregivers.
That's why Michigan's Attorney General Mike Cox is in the middle of a campaign to Protect Seniors from Financial Abuse.
Michigan has 420 nursing homes with a population of approximately 40,000 residents.
The Attorney Generals office is trying to cover every nursing home in the state during Project SCAMS.
Project SCAMS stands for Stop Crimes Against Michigan Seniors. It's especially important because Michigan is an aging state: In two years, Michigan will have more than 1.3 million residents 65 and older. The U.S. Census Bureau estimates that Michigan's senior population will almost double between now and 2030.
If someone you love is living in one of Michigan's nursing homes you should visit frequently, at different times of the day. Don't be predictable.
Also, ask questions. And not just of your loved one, but also ask questions of the staff.
If you suspect that a senior is being financially exploited, please call the Attorney General's hotline number at 800-24-ABUSE.


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