Financial elder abuse: Authorities educate San Francisco Chinatown seniors to prevent loss [Video]

SAN FRANCISCO (KGO) — A warning from law enforcement about a growing problem that’s hurting our seniors. June 15 is World Elder Abuse Awareness Day.

City, state and federal leaders came to San Francisco Chinatown to make sure elders understand the extent and impact of this abuse – especially financial abuse.

California Attorney General Rob Bonta says fraudulent schemes targeting seniors are a big deal.

“Older adults lose nearly $3 billion to financial fraud and schemes every year,” said Bonta. “The scams are realistic, they’re compelling, they’re persuasive.”

Authorities want everyone to be aware of scams, fraud, and financial elder abuse.

MORE: Americans older than 60 lost $3.4 billion to scams in 2023: FBI

“The scams vary from call center scams, romance scams, grandparent scams. AI is used being used to simulate loved ones in danger and in jeopardy who need money now and you need to send it,” said Bonta.

Community leaders say scammers …