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South Carolina AG backs legislation to help protect against elder fraud Local crime and police news

By on May 26, 2021 0

The South Carolina attorney general has joined a coalition urging Congress to support legislation to protect seniors from elder fraud.

Alan Wilson, SC attorney general, joined a coalition of 47 attorneys general to urge congressional leaders to support the Fraud and Scam Reduction Act.

The law, which includes the Stop Senior Scam Act and the Seniors Fraud Prevention Act of 2021, will help stakeholders train employees to recognize the warning signs of elder fraud and prevent irreversible harm to elderly victims.

“Too often we hear of seniors getting ripped off after they become victims and lose thousands of dollars and maybe their savings,” Wilson said in a press release. fraud and scams that target the elderly rather than reacting after it has happened and it is too late. Scamming anyone is bad enough, but for vulnerable seniors it is wrong. “

Law HR 1215 is bipartite legislation that will provide innovative ways to tackle the financial abuse of older people.

The legislation will establish the Senior Scam Prevention Advisory Group which is accountable to the Federal Trade Commission. The group will collect data generated by stakeholders such as retailers, financial services and wire transfer companies to help educate employees on how to identify and prevent scams that target seniors.

The group will develop training and education materials for employees best suited to identify the warning signs of elder fraud and to help older victims before it is too late.

The act also creates the Office for the Prevention of Fraud Targeting the Elderly – located within the FTC’s Office of Consumer Protection. The office will complement the efforts of the Seniors Scam Prevention Advisory Group by: monitoring new scams that target seniors through the Internet, mail, robocalls, telemarketing and television; disseminate information on common fraud systems; and sharing information on how to report suspicious high-level scams to a national fraud hotline and the FTC’s Consumer Sentinel Network.

The FTC will also work with the United States Attorney General’s office to record and track victim complaints and pass the information to the appropriate law enforcement agencies.

Wilson joined the following state attorneys general in signing the letter: Florida, New York, Alaska, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas , Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Northern Mariana Islands, Ohio, Oklahoma, Oregon, Pennsylvania, Porto Rico, Rhode Island, South Dakota, Tennessee, Utah, Vermont, Virginia, Washington, Wisconsin and Wyoming.