PEACHTREE CITY, Ga. — Detectives in Peachtree City are working on a fraud case that left a man with a loss close to half a million dollars.
[DOWNLOAD: Free WSB-TV News app for alerts as news breaks]
According to Peachtree City police, a 78-year-old spent $32,900 on gift cards in three weeks.
Police said the victim also sent wire transfers and did a home equity line of credit for $150,000.
The total loss is estimated at close to half a million dollars, officials said.
A photo shared by Peachtree City police shows endless receipts and gift cards.
TRENDING STORIES:
- Kirby Smart calls UGA backup safety an ‘idiot’ for appearing to celebrate loss to Ole Miss
- Former Notre Dame football coach Gerry Faust dies at 89
- Laken Riley murder case: Jose Ibarra waives right to jury trial, asks for bench trial
”There is nothing funny about fraud,” the Peachtree City Police Department said.
The department’s Auxillary Police Force offers senior citizens training to with these types of crimes. To coordinate training for your group, click here.
[SIGN UP: WSB-TV Daily Headlines Newsletter]
The FBI said scammers targeting elder citizens may attempt one or more of the following types of schemes:
- Romance: Criminals pose as interested romantic partners on social media or dating websites to capitalize on their elderly victims’ desire to find companions.
- Tech support: Criminals pose as technology support representatives and offer to fix non-existent computer issues. The scammers gain remote access to victims’ devices and sensitive information.
- Grandparent: A confidence scam where criminals pose as a relative—usually a child or grandchild—claiming to be in immediate financial need.
- Government impersonation: Criminals pose as government employees and threaten to arrest or prosecute victims unless they agree to provide funds or other payments.
- Sweepstakes/charity/lottery: Criminals claim to work for legitimate charitable organizations to gain victims’ trust. Or they claim their targets have won a foreign lottery or sweepstake, which they can collect for a “fee.”
- Home repair: Criminals appear in person and charge homeowners in advance for home improvement services that they never provide.
- TV/radio: Criminals target potential victims using illegitimate advertisements about legitimate services, such as reverse mortgages or credit repair.
- Family/caregiver: Relatives or acquaintances of the elderly victims take advantage of them or otherwise get their money.
Here are a few ways to protect you or your loved ones:
- Create a shared verbal family password or phrase that only you and your loved ones know.
- Resist the pressure to act quickly.
- Call the police immediately if you feel there is a danger to yourself or a loved one.
- Be cautious of unsolicited phone calls, mailings, and door-to-door service offers.
- Never give or send any personally identifiable information, money, gold or other precious metals, jewelry, gift cards, checks, or wire information to unverified people or businesses.
- Take precautions to protect your identity if a criminal gains access to your device or account. Immediately contact your financial institutions to place protections on your accounts, and monitor your accounts and personal information for suspicious activity.