Retire With Confidence
Retire With Confidence
Dave Zaegel, CPA, CFP
Ep 72: Fraud Prevention with Kathy Stokes of AARP
34 minutes Posted Dec 5, 2023 at 7:27 am.
Introduction and Background 03:01 The Need for Public Policy Change 05:15 Treating Fraud as a Crime 07:26 The National Elder Fraud Coordination Center 09:25 Lack of Awareness and Training in Law Enforcement 11:00 Victims of Fraud 15:21 Underreporting of Elder Fraud 18:05 Educating the Public on Scams 20:15 Disengaging from Scammers 23:03 Stop, Drop, and Roll for Fraud 25:07 Gangs Involvement in Financial Crimes 26:43 Mail Theft and Check Fraud 28:01 The Role of Education and Technology 29:18 AARP Fraud Watch Network Resources
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Show notes
In this episode, Dave Zaegel interviews Kathy Stokes, the Director of Fraud Prevention Programs at AARP. They discuss the need for public policy change to address fraud as a crime and the importance of treating it as a public health crisis. They also highlight the role of education in preventing fraud and the need for increased awareness and training in law enforcement. Kathy shares insights into the demographics of fraud victims and the tactics used by scammers. She emphasizes the importance of disengaging from scammers and provides resources available through the AARP Fraud Watch Network.   Helpline: 877-908-3360   website: aarp.org/fraudwatchnetwork   Takeaways Fraud should be treated as a crime and a public health crisis, requiring a whole-of-society response. Education and awareness are crucial in preventing fraud, and knowing about specific scams can significantly reduce the likelihood of falling victim. Law enforcement needs better training and resources to effectively investigate and prosecute fraud cases. Victims of fraud should not be blamed, and support systems should be in place to help them recover and prevent further victimization. Public policy changes are necessary to address the evolving tactics of fraudsters and protect vulnerable individuals. Chapters