June is Elder Abuse Awareness Month
COLUMBUS — This year, older Ohioans are at risk of losing more than $60 million to scammers and fraudsters. In recognition of Elder Abuse Awareness Month during June, the Ohio Department of Commerce Division of Securities and the Ohio Department of Aging are partnering to shine a spotlight on a growing issue involving the financial exploitation of older adults.
In 2024, the Division of Securities received 302 scam- and fraud-related complaints from older Ohioans, which was up 22% from the previous year's 247 complaints. In addition, according to the FBI's Elder Fraud Report, Ohio had the sixth largest volume of complaints in the country in 2023, with losses exceeding $64 million. Meanwhile AARP found that, nationwide, more than $28 billion is stolen from individuals over the age of 60 annually, with three-fourths of those losses involving individuals the victim knows.
In response to this alarming trend and the increased risk posed to older Ohioans, the Division is highlighting the warning signs of elder financial abuse to protect loved ones from becoming a statistic. These warning signs include:
Unexplained financial changes, such as large withdrawals or unexpected fund transfers.
Changes in banking practices, such as adding new names to accounts, or uncharacteristic attempts to wire money to unknown acquaintances.
Unpaid bills, sudden non-sufficient fund activity, and unexplained purchases or debts.
"Financial exploitation of the elderly is one of the most pervasive and heartbreaking issues we encounter at the Ohio Division of Securities," Securities Commissioner Andrea Seidt said. "The victims are often targeted by perpetrators who exploit their loneliness, trust, or lack of familiarity with modern technology. Recognizing the signs of this abuse is critical so we can protect our friends and loved ones from these crimes that carry devastating financial consequences."
Older adults are particularly vulnerable to a wide variety of schemes, including romance scams, tech support impersonations, and grandparent scams. Perpetrators often use mail, phone calls, and online communication to trick seniors into handing over money, personal information, or access to their financial accounts. Once a victim is targeted, the financial losses and emotional toll can be severe.
If you suspect either yourself or someone in your life has been the target of a financial scam, you should immediately contact the Ohio Division of Securities at 614-644-7381 or local law enforcement. In addition, the Division is highlighting the below resources for reporting fraud and securing assistance.
Additional Resources to Protect and Address Elder Financial Exploitation
—To report securities fraud, call the Division of Securities' Investor Protection Hotline at 877-683-7841.
—Ohio's Adult Protective Services Referral Line is available at 855-OHIO-APS (855-644-6277).
—The Ohio Attorney General's Elder Justice Unit can be reached at 800-282-0515.
—For concerns about abuse in nursing homes, contact the Long-Term Care Ombudsman at 800-282-1206.
You Might Like
News
Man in cape, underwear breaks into West Portsmouth Dollar General
News
Proctorville woman killed in WV crash
News
Nearly $200K awarded in Healthy Communities grants to Lawrence groups by Pallottine Foundation
News
95-year-old woman killed in Pike County crash
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 hours ago
- Yahoo
Sealed Air reports $1.33bn in net sales for Q2 2025
Packaging solutions provider Sealed Air has reported net sales of $1.33bn in the second quarter (Q2) of 2025, a slight decline of less than 1% compared to $1.34bn in the same quarter of the previous year. The company's net earnings for the quarter were reported at $94m, equating to $0.64 per diluted share, down from $98m, or $0.67 per diluted share, in the prior year. The results were affected by $38m in special items expenses, an increase from $23m in the previous year, attributed to higher professional services and other one-time charges, as well as increased costs related to the CTO2Grow programme. Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter reached $293m, or 21.9% of net sales, compared to $285m, or 21.2%, in the same period last year. Adjusted earnings per diluted share rose by 7% to $0.89 from $0.83 in the previous year, mainly due to the increase in adjusted EBITDA and reduced interest expenses. In terms of segment performance, net sales in the Food division remained stable at $896m while the Protective segment experienced a 3% decline, with sales amounting to $439m. Cash flow from operating activities for the first half of 2025 was $168m, a decrease from $313m in the same period last year. Capital expenditures during this timeframe totalled $87m, down from $106m in the prior year. Sealed Air president and CEO Dustin Semach said: 'While our Protective [segment] turnaround will be nonlinear, this quarter is a mark of progress as we delivered our best volume performance since the fourth quarter of 2021 and our industrial portfolio inflected to volume growth. 'Market pressures are accelerating, primarily in North America, as the impact of global trade policies weigh on economic growth and consumer spending patterns are beginning to shift." As of 30 June 2025, Sealed Air's total debt stood at $4.3bn, a reduction from $4.4bn at the end of December 2024. The company's net debt, calculated as total debt minus cash and cash equivalents, remained at $4bn for both of these periods. Sealed Air reported approximately $1.2bn in available liquidity, which comprises $354m in cash and $830m in unused lines of credit from its committed credit facilities. "Sealed Air reports $1.33bn in net sales for Q2 2025" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
2 days ago
- Business Upturn
State of Ohio Welcomes BETA Technologies' Aircraft
Columbus, Ohio, Aug. 07, 2025 (GLOBE NEWSWIRE) — Today, the state of Ohio welcomed BETA Technologies, an aerospace company manufacturing electric aircraft and infrastructure, to complete a flight demonstration with their ALIA CTOL aircraft at The Ohio State University's airport. The event, which included top government, aerospace, defense, and industry leaders from across Ohio — and was hosted by JobsOhio — showcased how BETA's safe, efficient, low-cost, and quiet aircraft can impact the lives of Ohioans and boost the economies of its communities. Ohio has a significant aviation legacy. In addition to being the site of the Wright Brothers' first flight and home to several U.S. military bases, Ohio has also created the U.S.' first National Advanced Air Mobility Center of Excellence (NAAMCE). NAAMCE is designed to support continued innovation and progression in aviation, with members including organizations like BETA Technologies, Ohio Department of Transportation (ODOT), and Toray, among others. 'Ohio has always been at the forefront of aviation — beginning with the Wright brothers' first flight to the astronauts who have orbited the earth and landed on the moon,' said Ohio Governor Mike DeWine. 'BETA showcasing its latest electric aircraft today demonstrates how Ohio is leading the way by empowering the future of flight through advanced air mobility.' AAM, with its low-cost, safe, efficient alternative to traditional aviation, will unlock new benefits and use cases across the state, including increased access to medical and emergency services, growing ecommerce and cargo throughput, and more seamless, cost-effective passenger travel for rural and urban communities alike. The state's leadership on AAM is also an opportunity for job creation, with programs like Sinclair Community College partnering with BETA Technologies to purchase an ALIA CTOL and state-of-the-art simulator for flight and maintenance training for its students. 'BETA chooses Ohio to test their cutting-edge electric aircraft because of the strength of our innovation ecosystem, including the world-class team and facilities at the NAAMCE,' said JobsOhio President and CEO J.P. Nauseef. 'As home to the Air Force Research Laboratory and a deep bench of aerospace expertise, Ohio offers a unique combination of military, academic and industry partnerships. This kind of activity is advancing technology that is shaping the future of air mobility and laying the groundwork for an industry that is expected to generate $13 billion in economic impact and create at least 15,000 new jobs in Ohio by 2045.' 'Flying ALIA into Ohio is always special,' said Blain Newton, Chief Innovation Officer at BETA Technologies. 'It's the birthplace of aviation, one of BETA's first expansion and charging hubs, and a true leader in shaping the industry's future. ALIA and AAM can bring real value to Ohio, from faster and lower-cost medical and passenger transport to job growth and stronger regional connectivity.' 'BETA Technologies has been a vital contributor to the NAAMCE ecosystem. Alongside AFRL and the 88th Air Base Wing at Wright-Patterson Air Force Base, City of Springfield, JobsOhio and Dayton Development Coalition, BETA innovation has played a key role in securing the funding and development of NAAMCE, which is now fully operational,' said Ted Angel, Executive Director of NAAMCE. 'Every time the Alia aircraft flies into Springfield–Beckley Airport, it serves as a powerful validation of Ohio's leadership—and NAAMCE's central role—in advancing the third revolution of flight toward commercialization.' Today's flight demonstration marked the first AAM aircraft to touch down at KOSU Airport. This stop through Ohio is part of a return journey following the company's week at the EAA AirVenture Oshkosh event in Wisconsin. BETA is also currently flying a second production-intent ALIA CTOL aircraft through Europe, en route to its first customer delivery. 'The landing of the ALIA aircraft at The Ohio State University Airport (KOSU) represents a historic first for our campus—marking the arrival of the first Advanced Air Mobility (AAM) aircraft to land at KOSU,' said Dr. Blake Stringer, Director, Center for Aviation Studies, The Ohio State University. 'This milestone reflects the strength of our growing partnership with BETA Technologies. Lastly, it creates unparalleled opportunities for our students, who now have a front-row seat to the future of flight—gaining unique exposure to cutting-edge electric aviation technology that will shape the next generation of aerospace innovation.' 'Proudly based in Piqua, Ohio, with a history dating back to the Wright Brothers, Hartzell Propeller has been part of our state's rich aviation heritage for over a century,' said JJ Frigge, President, Hartzell Propeller. 'As a global leader in advanced propeller design and manufacturing technology, we're honored to help shape the future of flight through strong AAM partnerships that build on Ohio's legacy of aerospace innovation.' BETA is building its electric aircraft — ALIA CTOL, a fixed-wing aircraft, and ALIA VTOL, a vertical takeoff and landing aircraft — at its nearly 200,000 square foot production facility in Vermont, USA, ramping up production, certification, and delivery efforts. In addition, the company has developed and is rolling out a network of charge infrastructure that utilizes an industry standard compatible with other air taxi manufacturers and ground vehicles. Currently, BETA chargers are online at 50 sites across the U.S., with more in development domestically and internationally. The company will serve a diverse roster of customers and partners with its products, including UPS, Air New Zealand, Republic Airways, United Therapeutics, Bristow, Blade, Helijet, Metro Aviation, New Zealand Air Ambulance, and the U.S. Department of Defense. BETA has firm orders and, in some instances scheduled deliveries, with this group of global operators. # # # # About BETA BETA Technologies is a U.S. aerospace company manufacturing the future of aviation. The company is producing next-generation aircraft, including conventional fixed wing electric airplanes ('ALIA CTOL') and electric vertical takeoff and landing ('ALIA VTOL'), as well as the technologies that enable them, such as electric propulsion systems, flight controls, and battery packs. In addition, BETA is deploying an infrastructure network across the U.S. to ensure this new class of aircraft has access to reliable charging. To date, the company has installed nearly 50 chargers across the east, west, and gulf coasts. With its low-cost, high reliability, and regional range capabilities, BETA's products are designed to move goods and people to increase connectivity for rural areas and improve access to healthcare and e-commerce across the U.S. — and beyond. About JobsOhio JobsOhio, Ohio's private nonprofit economic development corporation, enhances company growth and personnel development through business attraction, retention, and expansion across ten competitive industry sectors. With a team of seasoned professionals, JobsOhio utilizes a comprehensive network to foster talent production in targeted industries and attract talent through Find Your Ohio. Collaborating with seven regional partners, including Dayton Development Coalition, Lake to River Economic Development, Ohio Southeast Economic Development, One Columbus, REDI Cincinnati, Regional Growth Partnership, and Team NEO, JobsOhio delivers world-class customer service to provide companies with a competitive advantage. Learn more at Follow us on LinkedIn, Twitter and Facebook. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
2 days ago
- Yahoo
More than $630K in missing money found at Ohio State Fair
**Related Video Above: A recent $100,000 unclaimed funds nightmare COLUMBUS, Ohio (WJW) — Do you have missing money? The Ohio Department of Commerce Division of Unclaimed Funds was once again posted up at the Ohio State Fair this year with the goal of reuniting state residents with their long lost or forgotten money being held by the state. How to get your unclaimed funds in Ohio, step by step Unclaimed funds have been a major topic this summer after Ohio lawmakers approved $600 million from the account to go toward the Cleveland Browns building a dome in Brook Park rather than reinvesting in the Cleveland waterfront. Just this past week, more than $630,000 of the unclaimed funds were discovered at the Department of Commerce's booth at the Ohio State Fair, including one person who found about $60,000, according to a release from the state agency. The average claim reportedly garnered about $500, with about 1,200 people starting a claim over the 12-day event at the booth's kiosk. 'The Ohio State Fair is more than just an event for us – it's a real opportunity to help people,' Account Superintendent Akil Hardy said in the press release. 'Whether it's a few dollars to thousands, reuniting people with their money is incredibly rewarding. It's a chance to connect with Ohioans and show them that the process can be simpler and less stressful than they perhaps might think.' I-Team: See how often lawmakers raid unclaimed funds There is currently more than $4 billion just sitting in the unclaimed funds account, which is filled from money from old bank accounts, checks that never got cashed, various deposits, insurance policies and other inactive business accounts. The state agency said that over the past four years, their fair booth has reunited Ohioans with more than $1.6 million in funds. Those who were unable to attend the state fair can check unclaimed funds online. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
