{"id":133909,"date":"2024-07-31T13:51:21","date_gmt":"2024-07-31T13:51:21","guid":{"rendered":"https:\/\/feedzai.com\/?p=133909"},"modified":"2024-08-02T22:04:18","modified_gmt":"2024-08-02T22:04:18","slug":"thelma-movie-spotlights-the-elder-fraud-conversation-we-need","status":"publish","type":"post","link":"https:\/\/feedzai.com\/blog\/thelma-movie-spotlights-the-elder-fraud-conversation-we-need\/","title":{"rendered":"\u2018Thelma\u2019 Spotlights the Elder Fraud Conversation We Need"},"content":{"rendered":"
[vc_row row_height_percent=”0″ override_padding=”yes” h_padding=”2″ top_padding=”1″ bottom_padding=”2″ overlay_alpha=”50″ gutter_size=”3″ column_width_percent=”100″ shift_y=”0″ z_index=”0″][vc_column width=”1\/1″][vc_row_inner][vc_column_inner width=”1\/12″][\/vc_column_inner][vc_column_inner width=”10\/12″][vc_single_image media=”105653″ dynamic=”yes” media_width_percent=”100″ uncode_shortcode_id=”129836″][\/vc_column_inner][vc_column_inner width=”1\/12″][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner column_width_percent=”100″ gutter_size=”3″ overlay_alpha=”50″ shift_x=”0″ shift_y=”0″ shift_y_down=”0″ z_index=”0″ medium_width=”0″ mobile_visibility=”yes” mobile_width=”0″ width=”2\/12″][\/vc_column_inner][vc_column_inner width=”8\/12″][vc_custom_heading heading_semantic=”h3″ text_size=”h3″ text_weight=”400″ uncode_shortcode_id=”184605″]Warning: <\/i><\/b>Spoilers for the movie \u201cThelma\u201d are contained in this article.\u00a0<\/span><\/i><\/p>\n The movie \u201cThelma\u201d has a well-earned <\/span>99% score on Rotten Tomatoes<\/span><\/a>. It’s a heartfelt film (starring June Squibb) based on a true story about an elderly woman who, after getting <\/span>scammed<\/span><\/a>, embarks on a quest across Los Angeles with her friend Ben (Richard Roundtree) to get her money back.<\/span>[\/vc_custom_heading][vc_column_text uncode_shortcode_id=”564257″]Feedzai recently hosted a private movie screening for banking and fraud prevention community members in New York. After the movie, I chatted with attendees and got their reactions and impressions.\u00a0<\/span><\/p>\n Clearly, \u201cThelma\u201d struck a nerve with many people. Attendees shared their real-life tales of elder fraud experiences, how the ordeal impacted them, and the lengths they go to daily to protect their elderly loved ones.\u00a0\u00a0<\/span><\/p>\n We\u2019ll share some of these stories, but first, here\u2019s a rundown of what the \u201cThelma\u201d movie gets right about elder fraud.\u00a0<\/span>[\/vc_column_text][vc_single_image media=”133936″ media_width_percent=”100″ uncode_shortcode_id=”206151″ media_link=”url:https%3A%2F%2Fhubs.la%2FQ02JyLs_0|target:_blank”][vc_column_text uncode_shortcode_id=”953792″]<\/p>\n The scam scene in \u201cThelma\u2019 begins with a phone call. Thelma receives a call from an unknown number, with what sounds like her grandson Daniel on the other end, in great distress, telling her that he was in a car accident and passing the phone to a lawyer who needs $10,000 to keep him from going to jail.<\/span><\/p>\n The scene is an excellent depiction of how a grandparent scam works. Scammers prey on their victim\u2019s fear and concern for their grandchild and send them into a state of panic. This fear is a powerful motivator and a key reason these scams are effective.\u00a0<\/span><\/p>\n The true life story of Thelma happened before the age of generative AI and deepfakes. Today, these scams are extremely convincing, as the voice on the other end sounds precisely like their grandchild.<\/span><\/p>\n Following the scammers\u2019 instructions, Thelma collects stacks of cash hidden around her home and puts it in the mail.\u00a0<\/span><\/p>\n Ask a fraud fighter, and you will hear stories of an elderly customer coming into a branch with an empty shoebox that they fill with cash withdrawn from their accounts. For every story of a bank teller who skillfully and successfully convinces the elderly customer to stop, think, and call a loved one, many more follow through and lose their money.\u00a0<\/span>[\/vc_column_text][vc_single_image media=”133920″ media_width_percent=”100″ uncode_shortcode_id=”148043″ el_class=”hide-in-desktop-tablet”][vc_single_image media=”133916″ media_width_percent=”100″ uncode_shortcode_id=”741404″ el_class=”hide-in-mobile”][vc_column_text uncode_shortcode_id=”210791″]<\/p>\n Realizing she has been tricked, Thelma goes through<\/span> a range of emotions and reactions<\/span><\/a>, which aligns with what many elder fraud victims experience. She feels shame, guilt, anger, dread, and a loss of confidence over getting tricked.\u00a0\u00a0<\/span><\/p>\nMany Elder Fraud Scams Start by Phone<\/span><\/h3>\n
Cash is Still a Common Payment Method for Elder Scams<\/span><\/h3>\n
Emotional Aftermath of Elder Scams<\/span><\/h3>\n