Lubbock National Bank helping seniors avoid financial exploitati - KCBD NewsChannel 11 Lubbock

Lubbock National Bank helping seniors avoid financial exploitation

Source: KCBD Video Source: KCBD Video

Lubbock National Bank hosted a free seminar at Raider Ranch on Wednesday to help educate the public about elderly financial exploitation.

LNB's panel assisted seniors with ways to help prevent elder financial abuse...and included a warning to those most likely to target seniors.

Senior VP with Lubbock National Bank Randy Laycock said, "Many many times when this happens, 90 percent of the time it's a family member or a close friend that does it because they have the most opportunity. You have to really guard and make sure that you have a trustworthy person that's helping you pay your bills or whatever it is that they may be assisting you with."

Nationally, seniors lose nearly $3 billion every year in scams targeting them, according to Met Life.

Copyright 2016 KCBD. All rights reserved.

Powered by Frankly