Vern Buchanan pushes bipartisan bill that would crack down on financial scamming of seniors
UNITED STATES - JUNE 18: Rep. Vern Buchanan, R-Fla., arrives for the House Republican Conference meeting in the basement of the Capitol on Wednesday, June 18, 2014. (Photo By Bill Clark/CQ Roll Call) (CQ Roll Call via AP Images)

Rep. Vern Buchanan

As Congressman Vern Buchanan waits to learn which Democrat he’ll face in November, he called today on Congress to help protect seniors against the growing number of financial scams, saying nearly one in five Americans over 65 will be victimized by fraud.

The Longboat Key Republican has co-authored the Seniors Fraud Prevention Act, which would direct the Federal Trade Commission (FTC) to create a senior fraud group that would alert consumers about scams, maintain online resources, and create an effective complaint system to ensure that reports of fraud are quickly forwarded to the appropriate law enforcement agency. Palm Beach Rep. Ted Deutch and Vermont’s Peter Welch, both Democrats, are also co-sponsoring the bill.

“Protecting seniors should be a bipartisan priority,” Buchanan said. “The Senate and House should move swiftly to approve this bill and put it on the president’s desk before more seniors fall victim to financial fraud.”

The AARP and the Elder Justice Coalition have endorsed Buchanan’s bill.

In a statement, Buchanan listed some of the more common scams that have hit seniors in recent years, such as:

— Impersonating an IRS agent — nearly one million people have been targeted by a scam in which a fraudster pretending to be from the IRS contacts a victim via phone. The criminal accuses the victim of owing back taxes and demands money. But seniors should know that the IRS will never call a taxpayer to demand immediate payment and that the agency will never ask for a credit card number over the phone.

— Telephone scams — there are a wide variety of telephone scams that target seniors. In one pervasive scam, a caller pretends to be a grandchild that needs money wired to them immediately for a legal or medical issue (or in some cases a doctor or police office holding their grandchild). The FTC received more than 14,000 complaints of people impersonating friends or family members in 2014.

— Identity theft — there are a number of scams that target seniors’ personal information, including their Social Security numbers. To get access to this information, some scammers simply steal mail, while others can pretend to be a Medicare representative. Thieves can then steal an identity or use the information to file false tax returns. According to the FTC, Florida has the highest per capita rate of identity theft. Of the cities with the most identity theft complaints in 2014, nine of the top 20 are in Florida. The FTC reports more than 800 people in Sarasota, North Port and Bradenton logged complaints last year, earning the area the 39th spot on the agency’s list.

“Seniors must be on guard against criminals who will rob them of their financial security,” Buchanan said. “In order to protect yourself, it pays to know what the scammers are up to.”

Democrats Jan Schneider and Brent King are competing in Florida’s 16th Congressional District Democratic primary. The winner will take on Buchanan in the fall.

Mitch Perry

Mitch Perry has been a reporter with Extensive Enterprises since November of 2014. Previously, he served five years as political editor of the alternative newsweekly Creative Loafing. Mitch also was assistant news director with WMNF 88.5 FM in Tampa from 2000-2009, and currently hosts MidPoint, a weekly talk show, on WMNF on Thursday afternoons. He began his reporting career at KPFA radio in Berkeley and is a San Francisco native who has lived in Tampa since 2000. Mitch can be reached at [email protected].



#FlaPol

Florida Politics is a statewide, new media platform covering campaigns, elections, government, policy, and lobbying in Florida. This platform and all of its content are owned by Extensive Enterprises Media.

Publisher: Peter Schorsch @PeterSchorschFL

Contributors & reporters: Phil Ammann, Drew Dixon, Roseanne Dunkelberger, A.G. Gancarski, William March, Ryan Nicol, Jacob Ogles, Cole Pepper, Jesse Scheckner, Drew Wilson, and Mike Wright.

Email: [email protected]
Twitter: @PeterSchorschFL
Phone: (727) 642-3162
Address: 204 37th Avenue North #182
St. Petersburg, Florida 33704