Megan Mathis, assistant to Senior Vice President Derrick Saucedo at First Financial Bank Eastland, gave a very important program at Ranger Lions Club recently. Her theme covered the newest infor- mation on financial fraud and how to protect your family and yourself from exploitation.
Unfortunately, it was pointed out, senior citizens are often targeted by fraudsters. Criminals know that elderly people might have a savings accumulated and may be vulnerable due to physical disabilities and social isolation, for example. Elder exploitation has increased and it is estimated that only one in 14 cases are reported.
Families can help by being involved in elderly member’s lives, speaking to them about fraud, assisting them with their finances, helping them monitor their accounts via online banking, and setting up text alerts for debit card purchases.
