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ACR-146 Senior Fraud Awareness Day.(2013-2014)

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Assembly Concurrent Resolution No. 146
CHAPTER 60

Relative to Senior Fraud Awareness Day.

[ Filed with Secretary of State  June 10, 2014. ]

LEGISLATIVE COUNSEL'S DIGEST


ACR 146, Bloom. Senior Fraud Awareness Day.
This measure would proclaim May 15, 2014, as Senior Fraud Awareness Day.
Fiscal Committee: NO  

WHEREAS, As the population ages and more Americans become senior citizens with life savings, they become greater targets for fraud and deception. The ease of access for criminals to contact seniors through the Internet and telephone increases as more creative schemes emerge; and
WHEREAS, Senior fraud is a growing concern as millions have fallen victim to scams, including Medicare scams, sweepstakes and lottery scams, work at home scams, bereavement scams, identity theft, charity scams, scams targeting older women, home repair scams, investment schemes, and reverse mortgage scams. Seniors citizens average one scam-type letter and two telemarketing phone calls per week. Other types of fraud perpetrated against senior citizens include health care fraud, health insurance fraud, counterfeit prescription drug fraud, funeral and cemetery fraud, “anti-aging” product fraud, telemarketing fraud, and Internet fraud; and
WHEREAS, Senior fraud is underreported due to older adults’ embarrassment and lack of information about where to report fraud; and
WHEREAS, Caregivers, scam artists, and unscrupulous salespersons are the primary instigators of senior fraud. The tactics used are intimidation, fear, friendliness, authority, and control to get the victim to send money or share private financial information; and
WHEREAS, As senior citizens own more than one-half of all the financial assets in America, they are the primary targets for fraudulent practices. It is estimated by the United States House of Representatives Subcommittee on Health and Long-Term Care that even though seniors only represent 12 percent of the population, they represent 30 percent of the scam victims; and
WHEREAS, According to the Department of Business Oversight, it is estimated that 70 percent of Californians over 50 years of age have been solicited by someone with the intent to defraud them; and
WHEREAS, Americans who are 65 years of age and older represent about 13 percent of our country’s population, and their population will only continue to grow as the baby boomer generation begins to enter that age range; and
WHEREAS, People who grew up in the 1930s, 1940s, and 1950s were generally raised to be polite and trusting. Con artists exploit these traits, knowing that it is difficult or impossible for these individuals to say “no” or just hang up the telephone; and
WHEREAS, The Federal Trade Commission released a statistical survey of fraud in the United States that shows that nearly 25 million adults – 11.2 percent of the adult population – were victims of fraud during the year studied; now, therefore, be it
Resolved by the Assembly of the State of California, the Senate thereof concurring, That the Legislature hereby proclaims May 15, 2014, as Senior Fraud Awareness Day; and be it further
Resolved, That the Chief Clerk of the Assembly transmit copies of this resolution to the author for appropriate distribution.