Warning for Older Residents: Avoid Unclaimed Property Scams in New Mexico

Disclaimer: This article contains information about a criminal act and may be distressing for some readers. Please read at your own discretion.

SANTA FE, N.M. (KRQE) – The New Mexico Taxation and Revenue Department, along with the Aging and Long-Term Services Department, are warning residents to be cautious when approached by solicitors offering help to recover unclaimed property.

Recently, an older New Mexico resident was possibly defrauded by someone claiming to be affiliated with the National Association of Unclaimed Property Administrators.

According to the source, this individual claimed to work on behalf of the organization to recover unclaimed property.

Officials urge residents to do thorough research before hiring anyone. It’s important to ask for and verify references, avoid sharing personal information, and be particularly wary if asked for upfront payment.

“Older adults are increasingly targeted by financial scams and exploitation, which can devastate their well-being and security,” said ALTSD Cabinet Secretary Jen Paul Schroer in a news release.

“It is vital that everyone educate themselves and their loved ones about these scams and report any suspicious activity immediately.”

Residents can check for unclaimed property themselves through Taxation and Revenue’s online portal or by emailing [email protected].

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Additionally, people can search for unclaimed property nationwide using missingmoney.com.

This article provides critical information to keep residents, especially older adults, safe from potential scams. Always verify the legitimacy of any claims before taking action.

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