The Wisconsin Department of Agriculture, Trade and Consumer Protection publishes the Wisconsin Senior Guide, which provides education for senior citizens about how to avoid common financial scams and opportunities for exploitation. Wisconsin law also provides harsher punishments for those who financially exploit or take advantage of the elderly or disabled persons. Courts can impose additional penalties of up to $10,000 for violations of consumer protection laws, including false advertising, mail order scams, home improvement schemes, false vacation offers, and motor vehicle repair scams. Additionally, the guilty party can be ordered to pay restitution to the victim in the amount of the money that he or she wrongfully took from the victim.
Wisconsin also operates a Do Not Call Registry, which is available to all residential telephone customers in the state of Wisconsin. Registering your telephone number with this program can reduce the amount of telemarketing calls and scams that may target senior citizens. While the Do Not Call Registry will not prevent all telephone scams, it is one step that you can take to protect yourself from financial exploitation.
Another good way to prevent financial scams is for you or a trusted loved one to review all of your bills on at least a monthly basis. Scammers can hack into credit card accounts, bank accounts, and even phone bill accounts to take advantage of individuals. With today’s increasing technology, these security breaches have become very common, which can result in substantial financial losses.
Wisconsin state law also allows a three-day right to cancel most credit transactions and cash sales valued at $25 or more, so long as the transactions occurred away from the seller’s normal place of business. These transactions include transactions like door-to-door sales, telephone solicitations, online solicitations, and purchases that occur at conventions or expos.
Individuals who have fallen victim to financial scams, exploitation, and other unscrupulous individuals may have valid legal claims for damages under Wisconsin law. The Wisconsin abuse attorneys of Boller & Vaughan know how to stand up for the rights of those who have been injured, and how to hold those who exploit the finances of senior citizens responsible for their actions. Call us today at (608) 268-0268 and set up an appointment for us to assist you with your legal needs.