Wolf administration warns senior citizens of scams

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Anyone can contact the Department of Banking and Securities at 1-800-PA-BANKS or 1-800-600-0007 to ask questions about financial transactions, companies or products. Members of the public are also invited to connect with the department through Facebook and Twitter, or by subscribing to the department’s newsletter. (Photo courtesy of flickr.)

It happens too often, and robs senior citizens not only of their finances, but of their security and confidence.

So this week, older residents in the Pottstown area got the chance to meet with state officials to discuss their concerns about scams and learn about ways to prevent them. The meeting was held at the Tri-County Active Adult Center on Moser Road and featured three cabinet secretaries from the Wolf administration who talked about what they are doing to help older Pennsylvanians avoid being the victim of these frequent scams and who to contact if they have already been a victim, according the Marian Dennis in the Times Herald.

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Secretary of Banking and Securities Robin L. Wiessmann described one of the most common types of scams affecting older Americans, often referred to as the grandparent scam. The scam involves an older individual receiving a phone call in which the caller claims to be the person’s grandchild. They then say they are in some sort of dire straits and that they need money immediately.

“They will insist that the grandparent’s action be taken right now, far too swiftly to allow time for any of us to think through something like this,” explained Wiessman. “They hit the panic button, our adrenaline response kicks in and that’s the instinct we have to take hold of.”

To read the complete story click here.

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