Alterna is committed to supporting seniors and protecting them from financial abuse and other fraudulent activities.
Elder Abuse Prevention Ontario (EAPO) is the provincial organization recognized for its leadership in elder abuse prevention in the province, providing education, training, resource development, and information about the increasingly complex issues of elder abuse.
Elder Abuse Prevention Ontario
416-916-6728 | www.eapon.ca
Here are some additional resources from EAPO on Elder Financial Abuse Prevention: Click HERE to open
Examples of Financial Scams Targeting Seniors
If it seems too good to be true, it probably is
Depending on the type of scam, criminals will use a variety of methods to target and approach a potential victim.
- They may use reputable websites and newspaper ads to appear legitimate.
- They might give you some money to earn your trust.
- They may pose as potential buyers, sellers, employers, business partners, roommates, relatives, friends, or romantic partners.
- Criminals have even posed as lottery organizations, charities, and diplomats.
The many identities they assume are endless, and they will target anyone. Including you.
Each year thousands of Canadians fall victim to scams. While the scams can take a variety of forms, the end result is the always same: financial loss.
Be vigilant - don’t fall prey to scam artists
Being aware that scams exist and educating yourself on how to avoid them is your best defense.
Here are some examples of financial scams targeting seniors
Grandchild Emergency Scam
Someone calls claiming to be a grandchild and asks for funds due to financial troubles or an emergency situation. Click HERE for more details.
Romance scams occur when a criminal adopts a fake online identity to gain a victim’s affection and trust. The scammer then uses the illusion of a romantic or close relationship to manipulate and/or steal from the victim. A fraudster sends a friend request through social media or a dating site. Once the friend request is accepted, they build an online relationship with the senior. The fraudster then asks for money due to fabricated financial troubles or an emergency. Click HERE for more details
Crypto Currencies are a digital medium of exchange across computer networks. While cryptocurrencies have been gaining in popularity, so have the CryptoCurrency Scams. Fraudsters selling fake cryptocurrencies have professional-looking sites and make promises of excellent returns. Click HERE to learn more.
Charity and Donations Scams
Make sure your charitable donations are going to a legitimate organization. Often fraudsters use high-pressure tactics to get you to donate immediately. If you are contacted, take the time to research the organization and send donations through a legitimate website. Click HERE to learn more.
For more information on avoiding scams, visit the Security section of our website and use these helpful resources.
Scams and fraud - Canada.ca
Internet, email and telephone scams - Canada.ca
Internet Fraud and Scams Fact Sheet - Royal Canadian Mounted Police (rcmp-grc.gc.ca)
Please note that Alterna Savings provides the above information for your personal use only, and will not be held liable for any loss or damage as a result. Alterna Savings does not guarantee that the information provided is complete or accurate. Links from this website to other websites, or references to products, services or publications other than those of Alterna Savings, do not imply that Alterna Savings endorses such websites, products, services or publications.