Holiday Scams!
During the festive season, fraudsters target the elderly more frequently. They exploit the seniors’ vulnerability and generosity throughout holidays and into the New Year. Seniors can protect themselves from being cheated, and their adult children can monitor their parents’ financial and social activities to prevent possible frauds before any money is lost.
Red Flags to Look For
Seniors unfamiliar with the internet might not understand a scam is being presented to them. Scams targeting the elderly take advantage of the
fact an older adult may be suffering from memory/dementia issues.
Any phone call asking for money: If you witness your parent take a call or receive a call where the conversation turns to money, immediately hang up. Never give out any banking information through the phone to anyone who has called you.
Gift Card Purchase requests: Often times criminals prefer gift card payments. They may want them in a
form of a big box store gift card, gaming gift cards, or Visa/Master Card gift cards. Never purchase gift cards or give gift card information such as the card number to anyone, especially over the phone. Criminals want payment in the form of gift cards because they are difficult to trace back to the spender.
Unusual credit card charges or bank withdrawals: Talk with your bank about what it does to protect
seniors against fraud abuse. The best banks make an effort to contact the account owner if there is a large, unexpected withdrawal or money transfer. You may want to consider adding your adult children to the account to keep tabs on what’s being spent.
Types of Holiday Scams
The Canada Revenue Agency CRA: A scammer pretends to be a CRA agent and contacts an elderly
person, claiming that they have unpaid taxes and must send money, using a prepaid credit card, before
the year ends or face legal consequences. The victim may not be aware that the CRA does not make such calls, does not accept prepaid cards as payment, and does not threaten people with arrest.
Disaster relief: Many seniors feel compassion for families who have lost their homes during the holidays and want to donate money to help them. However, some of the callers who claim to represent these victims are actually scammers. To avoid falling for these frauds, you or your loved one should contact a reputable charity directly instead of giving money to someone who calls you.
For more information on how to report or further protect yourself against similar scams, please visit
Durham Regional Police's website.
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