We all know that there is no dearth of con artists working hard in unscrupulous businesses and industries across the country, seeking to take the hard-earned money — indeed, the life savings — of victims who are not constantly on guard against consumer fraud.
Candidly, being unceasingly vigilant against the machinations of individuals and companies whose very business model is to prey upon and rip off the public is a tiring task. Constantly evolving technologies and ever-sophisticated fraud schemes have essentially put a collective bulls-eye on the back of all Americans.
And especially seniors.
That is unsurprising, of course. Although scores of millions of relatively aged Americans continue to be razor sharp in their dealings with the public, advanced age logically does play a role in select instances, leading to a diminished capacity to fend off ruthless and often unconscionable attempts by criminals to extract money in phantom schemes.
Those ploys can span a lot of terrain, ranging from bogus borrowing opportunities to fraudulent investment vehicles. Seniors are routinely targeted in schemes focused on charities, prizes, vacation travel, attractive sounding Internet and telemarketing offers and more.
Such consumer fraud has long been recognized as a top-tier problem in Connecticut and nationally, and it was recently addressed — once again — by a pair of U.S. senators trying to push through a legislative bill entitled Seniors Fraud Prevention Act.
Sens. Amy Klobuchar (D-MN) and Susan Collins (R-ME) together introduced their would-be law into the larger Senate body for consideration earlier this month, for the third time. As noted in a Senate press release, the bill seeks to curb consumer fraud “by helping educate seniors about fraud schemes and improving monitoring and response to fraud complaints.”
There is certainly no question that enhanced protections are needed.