About AARP ElderWatch
AARP ElderWatch Colorado is a program with the Colorado Attorney General and the AARP Foundation. The program fights the financial exploitation of older Coloradans through education and outreach, data collection and the provision of assistance.
Adults over the age of 50 are significantly more likely than the general population to become victims of fraud and other forms of financial exploitation. Some studies estimate that older Americans are cheated out of more than $3 billion each year. However, we also know that this problem is vastly under-reported, and this number does not quantify the great emotional distress that financial exploitation can cause.
Financial exploitation happens when someone illegally or improperly uses your money for their own benefit. And it can be even broader than your money – it might be other assets, such as your house or your vehicle. This type of abuse can occur by scammers who might be complete strangers, or it may even be committed by someone you know and trust.
Fraudsters are innovative and tireless, and with the advent of new technologies, scammers are becoming more and more creative in how they steal your hard-earned money. That’s why education is so critical in fighting this problem. The more informed you are and the more likely you are to recognize a scam, the more likely you’ll be to refuse it and report it to the authorities.
The AARP ElderWatch program in Colorado engages hundreds of AARP Foundation Fraud Fighter volunteers each year, whose goal is to help older consumers recognize, refuse and report frauds and scams. We encourage anyone age 50+ to contact us with questions about fraud or to report financial exploitation: 1-800-222-4444, option 2.
Recognize, Refuse, and Report Frauds and Scams
The ability to recognize the persuasion tactics commonly used by scammers and those who would exploit us is instrumental for empowering people to refuse a scam.
Once you recognize a potential scam, it’s important that you know how to refuse becoming a victim. An important thing to remember is to ask questions and take your time before ever making any kind of financial decision.
Knowing where to report a fraud or scam can be overwhelming. There are a lot of great agencies working to fight this problem, but how do you know where to turn? We want you to report as many details as you can about these scams so that we can share this information with agencies who can shut these scammers down. Contact us at 1-800-222-4444, option 2.