Bill Targets Senior Financial Fraud

As the nation [observes] Elder Abuse Awareness Month in May, Congresswoman Tammy Baldwin (D-WI) has introduced legislation to help protect vulnerable seniors from financial scams. The Senior Financial Empowerment Act of 2012 (H.R. 4846) will help stop abusive mail, telemarketing and Internet fraud targeting seniors.

"I became aware of the seriousness and scope of fraud targeting seniors when I helped my own grandmother in her later years," said Congresswoman Baldwin. "These crimes can have severe financial and emotional consequences for older Americans and their families. My bill will educate the public, seniors, their families, and their caregivers on how to identify and combat fraudulent activity," Congresswoman Baldwin said.

Although it is difficult to estimate the prevalence of fraud targeting seniors due to severe under-reporting, millions of senior Americans have fallen victim to financial exploitation, including mail, telemarketing and Internet fraud.

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Bill Targets Senior Financial Fraud

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