Nation's oldest veteran is a victim of identity theft

No one is immune from identity theft and fraud. Not even, it seems, America’s oldest World War II veteran.

Last week, relatives of Richard Arvin Overton, a 112-year-old Austin, Texas man, reportedly discovered a number of withdrawals from his bank account made over the last several months.

The amount of money stolen was not disclosed.

Overton requires round-the-clock medical care and resides at home. His care costs about $15,000 a month, and his family has set up a GoFundMe to help foot the bill. A phone call to Volma Overton, the veteran's cousin, was not immediately returned.

It’s a harsh reminder that, while anyone can be a victim of fraud, older adults are especially vulnerable to scams.

Focusing on the Elderly

A 2015 report from True Link Financial showed that senior citizens lose more than $36 billion a year to financial scams and abuse, including identity theft.

Thieves have set their sights on scamming older Americans: They impersonate Medicare representatives and either ask you to submit payment for a new ID or they call to confirm your bank account and Social Security number.

Just to be sure, Medicare sends all of its information via mail and does not contact beneficiaries on the phone. Avoid handing out your personal data to anyone who calls you.



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