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Important Security Notice: Protecting Against Scams Targeting the Elderly

Special Newsletter

I hope this message finds you well. We are writing to you today with a vital message regarding recent scams that have been targeting the elderly, and it’s essential to stay vigilant to protect yourself and your loved ones from falling victim to these malicious schemes.

Over the past few months, there have been several reports of scams, including fraudulent calls, emails, and messages, aimed at extracting money from innocent individuals. Unfortunately, even our own family has not been immune to these attempts, as my parents have personally experienced such incidents.

These scams can take various forms, and scammers often employ sophisticated tactics to manipulate and deceive their targets. I’d like to share a couple of recent examples:

  1. Impersonating Well-Known Brands: In one instance, scammers posed as representatives from a reputable service, such as Grammarly. They attempted to gain access to personal information or financial details under the guise of providing assistance.
  2. False Claims of Money Deposits: In another case, scammers claimed to have erroneously transferred money into my parents’ accounts and requested that they send it back. They even managed to install spyware on their computer, which allowed them to access personal information and manipulate financial transactions.

It’s disheartening to see how these criminals target the elderly and exploit their trust and vulnerability. To safeguard against such scams, here are some crucial steps you can take:

  • Be Skeptical: Always be cautious when receiving unsolicited calls, emails, or messages, especially if they request personal information or financial details.
  • Verify the Source: If you receive a request for money or information, verify the source independently. Contact the company or organization directly using their official contact details, rather than using the information provided by the potential scammer.
  • Install Security Software: Ensure your computer and other devices have reputable security software installed and updated to protect against spyware and malware.
  • Educate Yourself: Stay informed about the latest scams and educate yourself and your loved ones about common tactics used by scammers.
  • Trust Your Instincts: If something feels off or too good to be true, it probably is. Trust your instincts and do not rush into making any decisions.
  • Report Suspected Scams: If you encounter a suspected scam, report it to the appropriate authorities, such as the Federal Trade Commission (FTC) or local law enforcement.

Please know that we are here to support you and provide guidance in navigating these challenges. If you ever receive a suspicious email, text, or phone call, please don’t hesitate to reach out to us. Your safety and well-being are of utmost importance.

Together, we can help protect ourselves and our loved ones from falling victim to scams and ensure that our community remains vigilant against these threats.

Thank you for your attention to this important matter, and please feel free to contact us with any questions or concerns.

February 7, 2024 by Grand River Capital

Filed Under: Blog, Letter of the Month

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Mentor, OH 44060

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Any tax advice contained herein is of a general nature and is not intended for public dissemination. Further, you should seek specific tax advice from your tax professional before pursuing any idea contemplated herein. This advice is being provided solely as an incidental service to our business as financial planners and investment advisors.
Securities Offered Through ValMark Securities, Inc. Member FINRA, SIPC. Investment Advisory Services Offered Through ValMark Advisers, Inc. a SEC Registered Investment Advisor
130 Springside Drive, Akron, Ohio 44333-2431 1-800-765-5201
Grand River Capital, LLC is a separate entity from ValMark Securities, Inc. and ValMark Advisers, Inc.
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