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Senior Financial Empowerment Act Research Paper

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CHEMUNG COUNTY (WENY) - It's estimated that more than 50 million Americans are the victims of financial fraud and scams.
Here in the Southern Tier, the Federal Trade Commission, says seniors had more than $1.6 million stolen.

U.S. Senator, Kirsten Gillibrand has introduced legislation to help seniors report these scams. It's called Senior Financial Empowerment Act and it's designed to improve the way fraud and scams are reported to prevent the elderly from becoming victims.

Charlotte Pickelhaupt from Chemung County got a phone call one day from who she thought was her eldest grandson Eric. He said his was the at U.S Embassy in the Dominican Republic and got in trouble with the law and needed money. "'We need $5,000 again, because Oma you …show more content…
Senator Kirsten Gillibrand says often times these scams go undetected or unreported. "You're being targeted by some of the most sofisticated criminals around the globe so you should not feel embarrassed," explained Senator Gillibrand.

Senator Gillibrand announced new legislation to protect seniors from financial scmas a teh Economic Opportunity Program in Elmira on Thursday. It's called the Senior Financial Empowerment Act, and it would create a national hotline to give seniors more information and help them report fraud.Information would go then directly to the FBI. Part of the bill would also include grant programs so places like the Chemung County Office of the Aging could host training seminars to teach the elderly about these scams and how to report them so they don't become victims.

Elmira Police Sargent, William Solt, says they've seen an increase in elderly scams across the city. "If you think they are from NYSEG or the cable company and you don't feel comfortable, call the police, call a family member, call a neighbor, call somebody," said Sgt. Solt. He went onto say "If it sounds too good to be true. If you are winning a lottery in England and you've never been there, you probably didnt win the

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