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Scams, Schemes, and Swindles: A Review of Consumer Financial Fraud Research

The Financial Fraud Research Center presents a summary of research on consumer financial fraud. This white paper outlines what we know (and what we have yet to learn) about consumer financial fraud – its prevalence, victims, perpetrators, and methods.

Highlights:

  • Complaints of fraud are increasing, although fraud is still under-reported.
  • An estimated $40 to $50 billion of measurable, direct costs are lost to fraud annually.
  • There is no single profile of a fraud victim, but certain generalizations can be made about victims of specific scam types.
  • Fraudsters are generally white, young or middle-aged men from middle-class backgrounds, often characterized as “middle-class failures.”
  • Fraudsters’ methods of contacting targets and receiving payment mirror the technological transformations of the broader market.

Information provided by Tim Wintermute.

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Elder Economic Security Index by Michigan County

The Elder Economic Security Standard Index (Elder  Index) is a measure of economic security for older adults developed by Wider Opportunities for Women in collaboration with the Gerontology Institute at the University of Massachusetts Boston. The Elder Index benchmarks basic costs of living for elder  households. It illustrates how costs of living vary geographically and are  based on the characteristics of elder households: household size, housing status (homeownership  or renter), transportation and health status. The costs are for basic  needs of elder households; they are based on market costs and  assume no  subsidies.

You can print off just the sections relevant to your county. This is a great tool for helping residents with budgeting and also understanding that it isn’t there fault that they cannot make ends meet when social security is their only form of income. It may also reduce the fear or stigma of applying for additional benefit programs, as you can chart how each benefit moves a resident’s net income closer to economic security.

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ITN Metro Detroit Transportation Open House

DO YOU HAVE A DRIVING DESIRE TO HELP PEOPLE?

Help seniors stay independent and maintain a healthy lifestyle by driving them to visit friends, to cultural events or to a doctor’s appointment.

                        Life-changing•Visionary•Grassroots

ITNMetroDetroit, is a new community-based non-profit, private automobile, transportation alternative      that enables older and sight-impaired adults remain mobile despite their own driving limitations. Transportation is offered 24 hours a day, 7 days a week for any purpose within the service area.

 

  • Are you friendly and reliable? Enjoy the company of seniors?
  • Do you live in or near Oakland County ?
  • Do you own a car? Have you had your license for at least 3 years?
  • Do you have a good driving record?
  • If you answered yes……volunteer to drive!

Help someone retire their car, not their independence!

You’ll receive training and we’ll arrange your driving assignments around your schedule.

Come hear what’s it’s all about…If you want to drive or you want to ride!

Open House

Light Refreshments

4:00-7:00pm

Wednesday, November 28, 2012

ITNMetroDetroit

27177 Lahser Rd.

Southfield, MI 48034

RSVP or for more information: 248-262-7269 or email info@ITNMetroDetroit.org       www.ITNMetroDetroit.org

 

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Metro Detroit Interfaith Warmth

Metro Detroit Interfaith Warmth

         Metro Detroit Interfaith Warmth is an educational program that is designed to educate everyone at our congregations about what is available to help keep people warm this winter.  Looking at warmth from three different avenues to help make sure people have the tools to stay warm this winter.   1. Utility assistance 2. Energy Efficiency and 3.Weatherization with state and federal funds available for all 3 to provide discounted if not free services.  Until now this information hasn’t been compiled in an easily accessible way that we can share to help keep people warm. 

The next step is to work with individual congregations to figure out the best strategy to get this information out.  This can be through sermons, presentations, workshops or just having the information available where services are provided.  I am here to work with all of you to provide assistance and work with you in whatever way you see fit. Please check out www.metrodetroitinterfaithwarmth.com if you know of other programs beyond this please let me know.

 

Hope all is well and feel free to contact me with any questions, connect me with people you think I should meet or have information that would be useful to the site as I see this as a community resource.

 

Thanks,

 

Joe Rashid

Energy Education Coordinator

Interfaith Leadership Council

jrashid.iflc@gmail.com

www.metrodetroitinterfaithwarmth.com

http://www.detroitinterfaithcouncil.com/

313.575.7014

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Michigan Assistive Technology Loan Fund

Michigan Assistive Technology Loan Fund

The Michigan Assistive Technology Loan Fund allows people with disabilities and seniors (or their family members) to purchase assistive technology devices or services, including modification of vehicles and homes. Loans may also cover cost of training to use the purchased equipment, warranties, and service agreements.

The Michigan Assistive Technology Loan Fund (MATLF) supports the purchase of needed technology through low interest rates and loan guarantees. The program does not provide grants. It provides loans, which must be paid back. The program is a unique partnership of United Cerebral Palsy of Michigan and Option 1 Credit Union in Lansing.

Application Checklist and Brochure attached

– provided by Ann Kramer at the Disability Network Workshop today.

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Elder Law Presentation at Hannan House

Elder Law Presentation at Hannan.

11/16/12 at 11am.

 

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DTE Bills

DTE WILL HOLD A ONE DAY SESSION FOR INDIVIDUALS WHO NEED HELP PAYING THEIR MONTHLY

DTE BILLS:  PLEASE BRING ALL BILLS THAT ARE IN THE REARS.

 

     DTE SESSIONS WILL BE HELD THURSDAY, NOVEMBER 13, 2012, 8AM TO 4PM AT THE

     FOLLOWING LOCATIONS:

        

           NEW PROSPECT MISSIONARY BAPTIST CHURCH

           6330 PEMBROOK @ LIVERNOIS

 

           PERFECTING CHURCH

           17950 VAN DYKE @ NEVADA

 

Please contact Customer Service at 800.477.4747

 

 

 

Forwarded by Midtown Alliance

And by Central District Police/Community Relations Council

Per Leslie Malcolmson

313-831-7931

lrmalcolmson@gmail.com

for lmalcolmson@voyager.net

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UTILITY BILL PAYMENT SCAM

DWSD WARNS OF UTILITY BILL PAYMENT SCAM

The Detroit Water and Sewerage Department (DWSD) is warning its customers to be alert to a bill payment scam that is affecting utility customers across the country. The scammers are claiming that President Obama will pay customers’ utility bills through a new federal program. That claim is false, and fraudulent.

According to the Better Business Bureau, utility customers have been contacted in person, through fliers, through social media, and via text messages with claims that President Obama can provide credits or apply payments to their bills. The scammers then direct the customers to send their Social Security and bank routing numbers. In return, customers are given a false bank routing number that will supposedly pay their utility bills.

In truth, there is no money in the “program,” and customers believe they’ve paid their bills, when in fact, they have not.

DWSD has posted an alert on its website at www.dwsd.org, urging customers not to participate in the scam. Moreover, DWSD officials advise customers not to provide any personal, confidential information to people who claim to be affiliated with a presidential program that pays utility bills. Customers also should keep records of payment verification, and should never assume a pending payment has been accepted until the payment is verified with the customer account number.

For more information on the utility bill payment scam, visit the Better Business Bureau’s website at www.bbb.org/us/article/president-obama-is-not-offering-to-pay-your-utility-bills-34928.

DWSD supplies high-quality drinking water to Detroit and 126 other communities in southeast Michigan. The Department provides wastewater services to Detroit and 76 other southeast Michigan communities.

http://www.dwsd.org/downloads_n/announcements/press_releases/pr07062012_dwsd_warns_of_utility_bill_scam.pdf

 

 

Forwarded by Midtown Alliance

And by Central District Police/Community Relations Council

Per Leslie Malcolmson

313-831-7931

lrmalcolmson@gmail.com

for lmalcolmson@voyager.net

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Program of All-Inclusive Care for the Elderly

Attached you will find the link to the National PACE website.  There you can look at all of the services provided by PACE plus all of the national PACE sites.  PACE already exists in the Detroit area (Center for Senior Independence (CSI), 7800 W. Outer Drive, Detroit, MI  48235) with areas extending out to zip codes in Highland Park, Grosse Pointes, Hamtramck, Lincoln Park, Redford, and Dearborn Heights.   In January 2013, the Detroit PACE site will be opening a second center on the eastside at the Rivertown Neighborhood (see SCoop post on Rivertown Neighborhood).  UMRC is looking to open a new PACE site which their catchement area will bump up to the current catchement area of CSI in Wayne County and cover the whole downriver community, including Belleville.  This is expected to occur within the next year or so.  In addition, there is a PACE site currently open in Battle Creek, MI, with their second site set to open in Kalamazoo in early 2013.  This is a wonderful opportunity for those seniors committed to aging in place!

The website is:  www.npaonline.org

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myride2

Roberta Habowski from AAA1-b is a very good presenter. She presented at Madison Heights Co-op and was very patient and informative. This is a senior and disability ride referral program.

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