Fraud can happen to anyone. According to the U.S. Senate Special Committee on Aging 2019 Fraud Book, it is estimated that older Americans lose at least $2.9 billion per year to financial exploitation schemes and scams. Other groups pose estimates that are even higher, and many agree that fraud is underreported. The best way to protect yourself from financial fraud and scams is to be aware of the tactics con artists use to learn to recognize red flags so you can avoid being tricked.

To increase consumer knowledge on fraud and fraud prevention, the Carroll County Extension Office hosted a workshop titled “Scam Red Flags and Avoiding Fraud” in February 2023. Evaluations placed educational emphasis on:

1. Understanding the tricks and tactics a con artist might use.
2. Naming “red flag” promises.
3. Knowing how to protect against fraud.
4. Knowing where to report potential fraud.

Seven consumers participated in the workshop. Following the class, 100 percent of respondents indicated they were able to understand the tricks and tactics a con artist might use; 86 percent felt confident in their ability to name at least two “red flag” promises; 71 percent now know two ways to protect themselves from fraud; and 86 percent can name at least one organization to which you can report potential fraud. Of those who participated, 100 percent indicated they plan to reduce the number of offers received by joining a list or by hanging up on or avoiding unknown callers, and 86 percent plan to report potential fraud and scams. One participant stated they found the workshop to be extremely beneficial and she felt more confident to not fall into a scam.