Conning the elderly for financial gain is not new, but a scheme called the “fake love scam” has officials on high alert. The authorities in the area of Chicago say 92-year-old Aloysius Mack lost a lot of his savings to a woman who first approached him at a McDonald’s and eventually tricked him to marry her, reports CBS Chicago.
When all is said and done, the woman had convinced Mack to buy her a $40,000 and $ 80,000 now-shuttered laundry, and he changed his will so she would inherit his $260,000 home.
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“I think she was stalking me,” says Mack, who has been diagnosed with dementia. In another case reported by the Cook County public guardian, a 79-year-old woman with severe dementia married with her caregiver and “paid, wired, mailed or gifted” more than $ 65,000 to him.
Financial disadvantages which are aimed at the elderly are so common that Barron’s calls it a “silent epidemic” and it can only get worse as the baby boomers age.
In San Diego, officials are looking for three men scamming elderly Spanish speakers—a 73-year-old woman was lured to help them to collect lottery money and, ultimately, threatened before she withdrew $ 1,800 from her bank account, reports the San Diego Tribune.
The authorities say that the trio behind at least five similar scams in the area, and possibly more that have not yet been reported. In the case of marriage for money, the damages can be of a longer duration.
Mack’s lawyers seek the annulment of his marriage and his money back. (The elderly are also focused on dating sites.)
This article originally appeared on Newser: ‘Fake Love Scam’ Cost of 92-Year-Old Savings