WASHINGTON, D.C. — Worrying about having enough money for retirement is a concern for West Virginia senior citizens, but they must also worry about keeping that retirement account safe from scams and fraud.
A roundtable discussion “Elder Financial Abuse: Keeping West Virginia’s Seniors Safe” at the Tiskelwah Senior Center brought together a diverse group of stakeholders, including representatives from the West Virginia Attorney General’s office, the Kanawha County Sheriff’s Office, AARP, the West Virginia Health Care Authority, Kanawha Valley Senior Services, City National Bank and Star Federal Credit Union.
U.S. Representative Shelley Moore Capito (R-W.Va.) held the roundtable in Charleston Monday to examine how to protect seniors against financial scams and abuse.
A recent AARP report noted one survey found that one in five Americans aged 71 and older has been taken in some kind of financial con and about half of respondents said they had experienced an attempted fraud such as being pitched foreign lottery tickets or unsuitable investment.
