A Scam in the Family—How a Close Relative Lost $100,000 to an Elder Scam

Written by James Schmidt 


Editor’s Note: We often speak of online scams in our blogs, ones that cost victims hundreds if not thousands of dollars. This account puts a face on one of those scams—along with the personal, financial, and emotional pain that they can leave in their wake. This is the story of “Meredith,” whose aunt “Leslie” fell victim to an emerging form on online elder fraud. Our thanks to James for bringing it forward and to “Meredith’s” family for sharing it, all so others can prevent such scams from happening to them. 


 


“Embarrassing. Simply embarrassing.” She shook her head. “It’s too raw. I can’t talk about it right now. I need time.”   


Her aunt had been scammed. To the tune of $100,000 dollars. My colleague—we both work in the security industry—felt a peculiar sense of loss. 


“I work in this industry. I thought I’d done everything right. I’ve passed on enough warnings to my family and friends to ensure they’d avoid the fate of the scammed.  Simply because I’m in this industry does not imply my circle is always aware of all the threats to them, even if I do my best to teach them.” 


“My mental state, recently, borders on shame; this feeling, you know? How could someone working in my industry have something like this happen to a family member?”  


I told her many people working in other industries cannot control what happens to people in their families even if people in that industry had knowledge that could have helped them or otherwise avoided a problem altogether. 


“I know, but this simply should never have happened! My aunt is one of the smartest, most conscientious people I know, a ..

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