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In the wake of an uptick in reports of financial exploitation of seniors, Attorney General Kathy Jennings and the Delaware DOJ’s Investor Protection Unit (“IPU”) is cautioning seniors to be vigilant for scams.

Delaware law requires banks, credit unions, and certain other financial institutions to report suspected exploitation of a senior or vulnerable adult to the IPU. Recent reports involve a number of different kinds of scams, including: 

  • Tech support scams in which a fraudster leads the victim to believe that their computer has been hacked
  • Money and check transfer scams, in which a fraudster asks the senior to help them transfer funds or deposit a check
  • Social media romance scams, in which a fraudster feigns romantic interest in the victim in order to convince them to send money

“Anyone can be the victim of fraud, but scammers frequently target seniors specifically,” said Attorney General Jennings. “Protecting Delaware’s seniors is a top priority, and it’s an all-hands-on-deck job. I’m grateful to the financial professionals who have reported suspected exploitation to the Investor Protection Unit. They’re doing their part to help protect our seniors.”

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