The Governor of New York supports Reloemen to combat the financial exploitation of the elder
Hochul announced her efforts As part of an executive budget proposal in January. Last month, her efforts received support from the New York State branch from HustleThe influential senior interest group. The chapter issued a letter to the speaker Carl Heastie and Senate majority leader Andrea Stewart-Cousins on 12 February to record the measure as quickly as possible.
The measure would train “Banktellers and other bank employees; investment brokers and advisers; and others who are dealing with the finances of older New Yorkers, about spotting exploitation,” reported NewDay. “These financial agents would then be legally authorized to monitor the suspect to the police and the matter in question.”
After a reference, consumers would be informed and the marked transaction would be postponed for a first period of 15 days, with a possible extension up to 40 days if “continuing with reasonable faith of exploitation”, according to the official language in the Budget proposal Reviewed by HousingIs the reverse mortgage daily.
Beth Finkel, the director of Aarp New York, said when the letter was sent that the ever -more advanced technology and tactics of scammers require a more extensive approach to governments.
“Scammers use high-tech tools to focus the elderly on financial fraud schemes, which often obtain personal information through social networking sites and searches on the internet,” Finkel said.
“This leaves our older loved ones and friends open to thieves who never have to show themselves to exhaust the bank accounts of a victim. We welcome Governor Hochul for the performance for some of the most vulnerable residents of our state by proposing an initiative that can prevent scammers from stealing older New Yorkers. “
Data of the FBI Indicates that New Yorkers aged 60 and older lost no less than $ 203 million to light up activities in 2023, with $ 38 million in losses for people who live alone on Long Island.
Older financial exploitation continues to cost older consumers around the world. This week a case with alleged scammers in Canada – who were aimed at older Americans – saw 25 Canadian nationals accused and resulted in 23 immediate arrests.
