BILL ANALYSIS �
ACR 146
Page 1
ASSEMBLY THIRD READING
ACR 146 (Bloom)
As Introduced May 6, 2014
Majority vote
RULES 9-0
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|Ayes:|Gordon, Brown, Ch�vez, |
| |Dababneh, Gonzalez, |
| |Hagman, Quirk, |
| |Ridley-Thomas, Waldron |
| | |
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SUMMARY : Proclaims May 15, 2014, as Senior Fraud Awareness Day.
Specifically, this resolution makes the following legislative
findings:
1)Senior fraud is a growing concern as millions have fallen
victim to scams, such as Medicare scams, sweepstakes and
lottery scams, work at home scams, bereavement scams, identity
theft, charity scams, scams targeting older women, home
repair, investment schemes, and reverse mortgage scams; and,
senior citizens average one scam - type letter and two
telemarketing phone calls per week.
2)The primary instigators of senior fraud are caregivers, scam
artists, and unscrupulous salespersons and the tactics used
are intimidation, fear, friendliness, authority, and control
to get the victim to send money or share private financial
information.
3)Senior citizens own more than one-half of all the financial
assets in America, they are primary targets for fraudulent
practices and it is estimated by the United States House of
Representatives Subcommittee on Health and Long-Term Care that
even though seniors only represent 12% of the population, they
represent 30% of those being scammed.
4)Senior fraud is underreported due to older adults'
embarrassment and lack of information about where to report
fraud, but the Department of Business Oversight estimates that
70% of Californians over the age of 50 have been solicited by
someone with the intent to defraud them.
ACR 146
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FISCAL EFFECT : None
Analysis Prepared by : Nicole Willis / RLS. / (916) 319-2800
FN: 0003414