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Legislators hear calls for task force to combat elder financial scams after victims’ stories
Summary
A judge and lawmakers urged creation of a task force to identify law-enforcement tools and prevention strategies for financial crimes that prey on older Oregonians. Banks, AARP Oregon and others told the House Commerce and Consumer Protection Committee that coordination and new tools are needed.
Judge Robert Raschio testified in his personal capacity about two family incidents that illustrate how scammers exploit emotional vulnerability and gaps in investigative tools. He described a case in which his mother-in-law was convinced to transfer $80,000 after a caller falsely claimed to be an Amazon employee; the funds were converted to cryptocurrency and could not be traced. He recounted a separate call to his mother falsely claiming his son had been arrested and needed bail, a scam that nearly persuaded his 83-year-old mother to withdraw funds.
“After our local law enforcement struck out … the FBI was contacted, but they have…
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