NYPD launches initiative to combat financial fraud targeting elderly New Yorkers

October 30, 2024 | Committee on Public Safety, New York City Board & Committees, New York City, New York County, New York


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NYPD launches initiative to combat financial fraud targeting elderly New Yorkers
The New York City Police Department (NYPD) is ramping up its efforts to combat elder fraud, a growing concern for the city’s vulnerable senior population. During a recent government meeting, NYPD officials outlined their two-pronged strategy aimed at both preventing financial crimes against older New Yorkers and thoroughly investigating incidents when they occur.

Assistant Chief Jason Savino emphasized the importance of education in preventing fraud, noting that the elderly are particularly susceptible due to factors like financial illiteracy and social isolation. "The best cure is prevention," he stated, highlighting the department's proactive community campaigns. The NYPD has conducted over 27,100 safety presentations across the city, reaching seniors in places like libraries, adult centers, and houses of worship. These sessions aim to inform older adults about common scams and provide them with essential safety information.

In addition to outreach, the NYPD is committed to investigating financial crimes against seniors with the same rigor as other criminal cases. Savino detailed the investigative process, which includes gathering victim testimonies, canvassing for video evidence, and collaborating with financial institutions to track stolen funds.

The meeting also addressed proposed legislation, Intro 1101, which would require the NYPD to publish information on identity theft and enhance officer training on handling such complaints. The department expressed strong support for this initiative, indicating that much of the groundwork is already in place.

As the NYPD continues to bolster its resources and outreach efforts, officials remain focused on protecting New York's elderly from financial exploitation. "No one should ever have their peace of mind and financial future stolen from them," Savino concluded, reinforcing the department's commitment to safeguarding this vulnerable community.

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