The New York City Council convened on October 30, 2024, to address the pressing issue of elder fraud, a growing concern for the city's older population. The meeting highlighted the collaborative efforts of various city agencies, including the NYC Aging Government Affairs Unit and the NYPD, to combat scams targeting seniors.

The session began with a presentation on the prevalence of elder fraud and the importance of education and prevention. Resource teams are actively conducting briefings at older adult centers throughout the city, aiming to inform and empower seniors about common scams. Recent educational sessions have involved elected officials across all five boroughs, emphasizing the need for better awareness and referral services for older adults who may be victims of fraud.

A significant concern raised during the meeting was a recent scam involving deceptive fundraising tactics by political campaigns. Older adults have reported being bombarded with text messages soliciting donations, leading to confusion and potential financial loss. The resource center is working diligently to assist victims, including a case where a 95-year-old woman was defrauded of $60,000 by an imposter posing as a bank employee. With the center's help, she was able to navigate the process to recover her funds.

The discussion also touched on the need for legislative action at both federal and state levels. Advocates are pushing for stricter regulations on financial institutions to implement safeguards against fraud and to streamline the process for victims seeking restitution. Additionally, there is a call for licensing tax preparers in New York State to protect seniors from potential exploitation.

The meeting underscored the critical role of partnerships among city agencies, including the Department of Consumer Affairs and the District Attorney's offices, in addressing elder abuse and fraud. These collaborations aim to enhance outreach and education efforts, ensuring that older New Yorkers are aware of the resources available to them.

In conclusion, the council's discussions reaffirmed the city's commitment to protecting its older residents from fraud and scams. By fostering awareness and providing essential support, NYC Aging and its partners aim to empower seniors, helping them navigate the complexities of financial safety and security. The council looks forward to continuing its partnership in building an age-inclusive city where older adults feel safe and valued.