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My recently widowed father, 68, met a woman on Facebook – and sent her a bitcoin so they could meet.


Dear Quantin,

My father is 68 years old, and recently a widow. His wife, my honest mother, had strict control over their finances and, as such, he was unable to spend or do as much as he wanted. He passed in December. Recently, he “connected” with someone on Facebook FB,
-2.47%
– A woman she doesn’t know and who wasn’t a friend to anyone on her friends list.

I found out about this when he called my brother for help because he was trying to share his Netflix NFLX,
-2.36%
Account information with him and it was not working. My brother and I both told him that sharing account information and passwords is very dangerous, because scammers can use that information to access other account or credit card information.

‘My brother and I both told him that sharing account information and passwords is very dangerous, because scammers can use that information to access other account or credit card information.’

We told him to stop talking to her, and never wanted to give out account information. Yesterday, I learned that he was still in contact with this person, and I also learned from a friend that he had tried to send him money – when it was not working, he converted it to Bitcoin BTCUSD,
-5.60%
To send him so that he “comes to see him.”

This is not the first time he has been deceived in this way. Before marrying my stepmother, she was in contact with another man abroad, whom she sent at least মাসের 10,000 a few months later for “plane tickets”, “bill payments”, etc., in the hope that he would come and see her.

It put a big strain on our relationship, because he wouldn’t listen to me that it was a scandal, even when I proved to him that it was a scandal. How do I navigate these waters now and what can I do to protect her financially? I’m not in a position to bail him out or take care of him if he loses all scandals.

Annoyed with scammers

You can email The Monist with any financial and ethical questions about coronavirus at qfottrell@marketwatch.com and follow Quentin Futrell Twitter.

Dear bored,

Your dad feels isolated and alone, and it’s hard to break this imaginary dream that he’s found or can find love again. It’s doubly difficult when the person on the other end of the line tells him that they understand and see him.

An intervention puts your father at risk of being controlled or childless. Of course, this is not your intention and even if he believes it, it does not make it true.

Report that the profile on Facebook is fake. Talk to your dad, ask him how he’s doing, and tell him that you realize he’s not with you and has spent a lot of time – but sending money to strangers on the Internet is almost a scam without exception, and that invests more time, passion and, yes , The meaning of this promise of relationship will not make it real, and it will not change the outcome. He says if he doesn’t take action himself, you have to go around him.

An intervention puts your father at risk of being controlled or childless. Of course, this is not your intention and even if he believes it, it does not make it true.

The American Bankers Association also has the following advice on senior financial abuse: “Talk to a trusted family member who has your best interests at heart, or talk to your clergy. Talk to your attorney, doctor or an officer at your bank. In your state for help.” Or contact your local police’s adult protection services.Report all incidents of major financial abuse to your local police – if fraud is involved, they should be investigated.

In your experience, your father is not alone. Those who are alone are especially at risk for scammers.

“Seniors are increasingly being targeted for financial abuse,” the ABA added. “Since people over the age of 50 control 70% of the country’s wealth, fraudsters are using new tactics to take advantage of the growing number of retired baby boomers and older Americans. It is estimated that at least .9 2.9 billion was lost last year due to senior financial abuse.

But how do you find words? Some tips: “I love you. I’m worried about you. I don’t want to see you take advantage, and I don’t want you to get hurt. It happens to millions of people every year – millions of intelligent, sensitive people like you and me.” No one is free from threats. ”

I hope you find a way to help him, but it will take a team of family members and professionals. This is not something you can do alone.

By emailing your questions, you agree to publish them anonymously on Marketwatch. By submitting your story to Dow Jones & Company, the publisher of MarketWatch, you understand and agree that we may use your story or its version in all media and platforms through third parties.

See Moneyist Personal Facebook Group, where we are looking for answers to the most difficult money problems in life. Readers write to me with all kinds of hesitations. Post your questions, tell me what you want to know more about, or rely on recent semantic columns.

The semantist is sad that he cannot answer the question individually.

More from Quentin Fottrell:

‘I just don’t trust my sister’: How can I give money to my nieces without their mother’s access?
We are getting married and have a baby on the way. My wife offered to pay me $ 10,000 student debt and $ 7,500 car
I have three children. I claimed my house to my most responsible son. Now he has blocked my call
My cousin died, Mess left home. Her landlord wants me to repaint and replace the carpet. What should we do?





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