Jack Lybarger believed he had won a million dollars. And that's what the phone scammer wanted him to believe. Lybarger lost his home, his car and ultimately his life to this scam, an all-too-common occurrence among older Americans.
Senior financial abuse is on the rise. A 2010 survey by insurance provider MetLife estimated that seniors in the U.S. were losing $2.9 billion each year to financial exploitation and abuse. Unfortunately the trend continues to grow. A new documentary titled Fleeced: Speaking Out Against Senior Financial Abuse aims to shed light on the problem. The public is invited to a free screening of the film on the University of Indianapolis campus.
After the 30-minute documentary, there will be a panel discussion. Panelists include
- Dr. Ellen Miller, Executive Director, UIndy Center for Aging & Community (moderator)
- Andy Frazier, Executive Director, Indiana Association for Community Economic Development
- H. Ken Bennett, Elder Law Attorney
- Kim Jacobs, Fleeced filmmaker
- Lori Lybarger, Family member of Jack Lybarger, featured in the film
Attendance is free, but RSVPs are appreciated. Please click here to let us know you plan to attend.
Fleeced shares what can happen to older adults when their trust is undermined by con artists and unscrupulous salespeople out to steal not only their pension, saving and homes, but also their health, self-confidence and relationships with family and friends. In some cases, the perpetrators of the financial abuse are the family and friends of the victims.
In the documentary, Jack Lybarger's family tells the story of how he was exploited by a con artist. Also profiled are other victims who got caught up in complex mortgage frauds. Annette Smith tells how she got fleeced by a seemingly legitimate banking product. Some victims, like Smith, have become national advocates in the fight against financial fraud.
The documentary also features interviews with Skip Humphrey of the Federal Consumer Financial Protection Bureau and Ramsey Alwin of the National Council on Aging.
FLEECED was funded by the National Community Reinvestment Coalition and produced by WFYI Television with assistance from the University of Indianapolis Center for Aging & Community.