1–2 PM Eastern | 10–11 AM Pacific
Financial Fraud in the Aging Community: What’s the Cost, Who’s at Risk, How to Help?
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Includes one complimentary Continuing Education (CE) credit.
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When we think of financial fraud, we often focus on associated monetary losses. But equally important and often overlooked are the psychological and emotional impacts. The non-financial costs of fraud and associated trauma can have a significant impact on victims, leading to a range of emotions and a variety of potential consequences, including an unwillingness to report the crime or seek the help needed to overcome the trauma. While non-financial costs impact all individuals, the effects are often compounded when older adults are involved. During this session, we will explore some of the non-financial costs associated with fraud, while discussing who is at risk, potential factors leading to victimization, and resources and strategies available to help victims.
Participants in this webinar will be able to:
- Understand fraud that victims experience, including financial and non-financial costs.
- Understand challenges experienced by older adults when it comes to financial decision making.
- Apply a trauma-informed approach to helping victims of financial fraud.
- Apply various resources available to assist victims of financial fraud.
Presenters:
Robert Mascio, MBA, is director of Investor Education Outreach with FINRA, for whom he has worked for more than 19 years. He cultivates and manages FINRA Foundation programs and partnerships related to investor protection and the prevention of financial fraud and exploitation. He also helps drive research into financial fraud, the victim experience, and scam susceptibility, as well as facilitating FINRA’s Investor Issues Committee. Mascio serves on an advisory board to the Cybercrime Support Network and participates on multidisciplinary teams and taskforces related to older adult financial exploitation.