Seniors are often an attractive target for fraudsters attempting to steal a lifetime of savings, and scammers are skilled at deceiving people.
Consumers are urged to stay vigilant and avoid making quick decisions before doing research or getting to know someone. If you think you or someone you know could be a fraud victim, call your financial institution immediately and report suspected fraud to the authorities.
Red flags for contractor fraud:
- The contractor knocks on your door looking for business because they are “in the area” and uses aggressive sales tactics.
- The contractor pressures you to make an immediate hiring decision.
- The contractor accepts only cash as payment and demands full payment before starting any work.
- The contractor claims to have materials left over from a previous job in the sales pitch.
Tips to avoid contractor fraud:
- Always get multiple estimates for any work you want done.
- Ensure contractors are licensed and insured. Look them up at Washington State’s Department of Labor & Industries website at https://secure.lni.wa.gov/verify/
- Check with consumer protection agencies such as the Better Business Bureau and the Federal Trade Commission to search for complaints against a contractor.
- Conspiracy to commit Wire fraud is punishable by up to 20 years in prison.
