Louisiana leadership backs Edith’s Bill’s inclusion in relief legislation; bill includes victims of senior fraud
“Scammers view the pandemic as an opportunity to exploit anxiety over this public health crisis and particularly target seniors who are physically separated from their support networks. We need to protect seniors who are especially vulnerable to fraud and abuse by bad actors, and protect the retirement savings they worked so hard over a lifetime to build,” wrote the senators in their letter.
“It is unconscionable that bad actors actively seek to defraud seniors who have contributed so much to our country. Robbing them of their life savings during their golden years is a tragedy and one that has taken on greater urgency as scammers seek to profit off the headlines and anxiety produced by this pandemic. We urge you to include S. 3487/H.R. 7620, the Edith Shorougian Senior Victims of Fraud Compensation Act, in the next COVID-19 relief package and thank you for your continued leadership and support on this issue,” the senators continued.
First introduced in March, the Edith Shorougian Senior Victims of Fraud Compensation Act is named for a Wisconsin constituent who was scammed out of more than $80,000 by her longtime financial adviser, and fears she will never get back all the money that was stolen from her.
The full letter to Senate leadership is available here