Arete Coach 1192 Severin Sorensen "We are all Beekeepers: protecting the elderly from fraud"

Arete Coach: The Art & Science of Executive Coaching

Arete Coach Podcast

Business, How To, Entrepreneurship, Education, Management

5 • 1.2K Ratings

🗓️ 10 September 2024

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

"We Are All Beekeepers: Protecting the Elderly from Fraud" is a powerful episode of the Arete Coach Podcast that delves into the critical issue of elder fraud. Host Severin Sorensen shares a personal story of his 84-year-old mother nearly falling victim to a sophisticated scam, highlighting how even educated and experienced individuals can be vulnerable.

The episode provides an extensive overview of 33 common scams targeting seniors, ranging from tech support fraud to romance scams. Sorensen explores the psychological tactics scammers use, the vulnerabilities they exploit, and the devastating emotional and financial impacts on victims.

Importantly, the podcast doesn't just outline the problem—it offers actionable solutions. Listeners will learn steps to take if they encounter a scam, best practices for fraud prevention, and resources for reporting and recovering from fraud attempts.

This eye-opening episode emphasizes that protecting the elderly from fraud is a collective responsibility. It's a must-listen for seniors, their families, and anyone concerned about the growing threat of elder fraud in our digital age. The podcast provides valuable insights and practical tools to help create a safer environment for our seniors.

The Arete Coach Podcast seeks to explore the art and science of executive coaching. You can find out more about this podcast at aretecoach.io.

This episode was produced on September 9, 2024.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Aratee Coach Podcast, 1192. We are all beekeepers protecting the elderly from fraud.
0:10.0	Welcome to the Aratee Coach Podcast, where we delve into the Aratee Coach Podcast, where we delve into the Aratee Coach Podcast where we delve into the art and science of executive
0:16.2	coaching and today we're tackling an issue that hits close to home for many, protecting the vulnerable from fraud.
0:24.8	This episode isn't just about executives and their teams, it's about safeguarding the elderly,
0:30.5	our parents, and loved ones, who are increasingly becoming the targets of
0:34.4	sophisticated and heart-wrenching scams. A few months ago the film The Bee Keeper
0:39.2	depicted a chilling scam targeting an elderly woman, one that started with a routine error, but quickly
0:45.2	turned into a full-blown financial attack. What seemed like a harmless customer service call
0:50.2	quickly spiraled into emotional manipulation and fraud, stripping the victim not only of
0:55.7	her money but her sense of security.
0:59.7	That storyline feels all too real for me today.
1:04.6	Just this past weekend, my 84-year-old mother nearly fell victim to a similar complex scam.
1:11.5	It started innocently enough with a notice that her Norton Antivirus software was set to
1:16.5	auto renew for $195. Concerned about the charge she called the number provided.
1:23.5	The person on the other end walked her through opening her computer
1:27.8	claiming to help her cancel the charge.
1:30.8	In reality they installed malicious software. What followed was a
1:36.4	carefully orchestrated con. After asking her to correct the transaction, they intentionally mistakenly deposited $20,000 into her account,
1:48.4	or at least that's what her eyes saw on her computer screen.
1:51.8	The money was never deposited, but she did not know this as her
1:55.2	computer showed her the money was now in her account. The scammer, feigning distress, begged her to return the money to save his job.
2:06.8	In a panicked plea, he convinced her that withdrawing the cash was the only solution.
	...

Transcript will be available on the free plan in -156 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Arete Coach Podcast, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Arete Coach Podcast and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.