How an 81-year-old woman lost over $100k through fraud
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Growing older comes with its own challenges, but in Australia, seniors face another concerning issue—falling prey to scams.
To put it into perspective, in 2021, Australians aged 65 and over lost a staggering $82 million to scammers.
This was the highest amount lost to scams in any age group and contributed significantly to the total reported losses of $1.8 billion across various agencies, such as the ACCC's Scamwatch, ReportCyber, financial institutions, and government bodies.
According to experts, the older you get, the more vulnerable you become to fraudsters. Even more concerning is that these scams are evolving, becoming more sophisticated and deceiving even the most cautious consumers.
To put a face on this issue, consider a recent incident involving an 81-year-old woman who was allegedly manipulated into giving away over $100,000 by people she knew.
Two individuals have been charged with defrauding the older woman out of her life savings. They also evicted her from her apartment so they could profit from 'renting' it out to others.
On October 16, a 43-year-old woman was apprehended at a school in Lucas Heights, while a 48-year-old man was arrested in Narwee last week.
The accused pair, acquaintances of the elderly victim, allegedly stole her jewellery, cash, and bank cards, using them to make purchases totalling over $100,000, primarily on clothing and food.
The suspects allegedly forced the victim out of her residence in Mascot and illegally collected rent from the property.
The 43-year-old woman is charged with committing two counts of obtaining financial benefits through deception and has been granted bail. Her next court appearance is scheduled for November 30 in Bankstown Local Court.
On the other hand, the man is charged with falsifying an expense account and obtaining financial benefits through deception. He is scheduled to appear in Bankstown Local Court on October 31.
Elder abuse is when an older person is harmed by someone they know and trust, often a family member. Here are some examples:
Physical abuse involves kicking, hitting, locking the older person in a room, or using restraints to restrict their movement. Meanwhile, emotional or psychological abuse includes behaviours like pressuring, intimidating, bullying, name-calling, degrading, and humiliating the older person.
Neglect happens when there's a failure to provide basic necessities, such as enough food, proper housing, or necessary medications. Social abuse involves limiting the older person's contact with their family and friends and preventing them from participating in social activities. It can also include restricting their freedom within their own home.
Financial abuse consists of exploiting the older person's financial resources. This can involve misusing powers of attorney, stealing the person's money, coercing them into transferring property titles or blocking their access to their finances.
Where to get help:
VIC - Seniors Rights Victoria
NT - Elder Abuse Information Line for the Territory
NSW - Elder Abuse Helpline and Resource Unit
QLD - Elder Abuse Prevention Unit
SA - South Australian elder abuse prevention phone line
TAS - Tasmanian Elder Abuse Helpline
WA - Alliance for the Prevention of Elder Abuse Western Australia
ACT - ACT Human Rights Commission
Members, we hope you found this story informative! If there are any signs of fraud or if you experience any other emergencies, please don't hesitate to contact authorities. Stay safe always!
To put it into perspective, in 2021, Australians aged 65 and over lost a staggering $82 million to scammers.
This was the highest amount lost to scams in any age group and contributed significantly to the total reported losses of $1.8 billion across various agencies, such as the ACCC's Scamwatch, ReportCyber, financial institutions, and government bodies.
According to experts, the older you get, the more vulnerable you become to fraudsters. Even more concerning is that these scams are evolving, becoming more sophisticated and deceiving even the most cautious consumers.
To put a face on this issue, consider a recent incident involving an 81-year-old woman who was allegedly manipulated into giving away over $100,000 by people she knew.
Two individuals have been charged with defrauding the older woman out of her life savings. They also evicted her from her apartment so they could profit from 'renting' it out to others.
On October 16, a 43-year-old woman was apprehended at a school in Lucas Heights, while a 48-year-old man was arrested in Narwee last week.
The accused pair, acquaintances of the elderly victim, allegedly stole her jewellery, cash, and bank cards, using them to make purchases totalling over $100,000, primarily on clothing and food.
The suspects allegedly forced the victim out of her residence in Mascot and illegally collected rent from the property.
The 43-year-old woman is charged with committing two counts of obtaining financial benefits through deception and has been granted bail. Her next court appearance is scheduled for November 30 in Bankstown Local Court.
On the other hand, the man is charged with falsifying an expense account and obtaining financial benefits through deception. He is scheduled to appear in Bankstown Local Court on October 31.
Elder abuse is when an older person is harmed by someone they know and trust, often a family member. Here are some examples:
Physical abuse involves kicking, hitting, locking the older person in a room, or using restraints to restrict their movement. Meanwhile, emotional or psychological abuse includes behaviours like pressuring, intimidating, bullying, name-calling, degrading, and humiliating the older person.
Neglect happens when there's a failure to provide basic necessities, such as enough food, proper housing, or necessary medications. Social abuse involves limiting the older person's contact with their family and friends and preventing them from participating in social activities. It can also include restricting their freedom within their own home.
Financial abuse consists of exploiting the older person's financial resources. This can involve misusing powers of attorney, stealing the person's money, coercing them into transferring property titles or blocking their access to their finances.
Where to get help:
VIC - Seniors Rights Victoria
NT - Elder Abuse Information Line for the Territory
NSW - Elder Abuse Helpline and Resource Unit
QLD - Elder Abuse Prevention Unit
SA - South Australian elder abuse prevention phone line
TAS - Tasmanian Elder Abuse Helpline
WA - Alliance for the Prevention of Elder Abuse Western Australia
ACT - ACT Human Rights Commission
Key Takeaways
- An 81-year-old Sydney woman was allegedly coerced out of her unit and defrauded more than $100,000 by a man and woman demanding 'rent'.
- The pair allegedly stole her jewellery, cash, and bank cards and fraudulently used her bank cards to purchase items totalling over $100,000.
- The 43-year-old woman has been charged with dishonestly obtaining financial advantage by deception and granted strict conditional bail.
- The 48-year-old man has been charged with fraudulently rendering a false expense account and dishonestly obtaining financial advantage by deception, he was refused bail.
Members, we hope you found this story informative! If there are any signs of fraud or if you experience any other emergencies, please don't hesitate to contact authorities. Stay safe always!
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