By LIDDE MARTINEZ
President, Los Alamos Region
Enterprise Bank & Trust, Member FDIC

During the holiday season, scams run rampant. Throughout these months of increased online and in-person shopping, it’s especially important to look out for those in our elderly community, as they are at higher risk to fall victim to a fraud attack. 

Fraudsters often disguise themselves as trusted figures such as government or church officials, family members or familiar companies. It’s important to remind our elderly friends and family to refuse requests for money or personal information that they didn’t expect or initiate. 

From transportation to management of finances, many elders rely on children, grandchildren or hired caregivers for assistance. Unfortunately, there is an opportunity for caregivers to help themselves to an elder’s money or other property without their knowledge or consent. 

These instances may be considered financial exploitation or theft, and if the elder has dementia or Alzheimer’s, they may not understand they are being exploited. Hiring a neutral third party to monitor your elderly loved one’s finances can ensure someone else is watching out for them, will act in their best interest and according to their wishes.

If you or someone you know has any concerns, reach out to a trusted financial advisor for suggestions on how to best protect yourself against scams and financial abuse. If you receive suspicious emails or phone calls claiming to be from Enterprise Bank & Trust and asking for your personal or account information, please do not respond and let us know immediately at (833).896.2850.

To all of our clients and community members, I wish you a safe and happy holiday.