Saturday, June 23, 2012

Watch Your Elderly Parents' Wallets

The news is none too good for the nation’s elders. The problem of swindles targeting the elderly is getting worse, so say 84 percent of the more than 750 experts who deal with investment fraud and financial exploitation of senior citizens, in a just released poll by the Investor Protection Trust.

Nearly 100 percent of those surveyed say that older Americans are very or somewhat vulnerable to financial scams.

Full Article and Source:
Watch Your Aging Parents' Wallet -- Somebody's Waiting to Rip Them Off

2 comments:

Betty said...

It's getting worse because more people prey on the vulnerable. And in most cases, they get merely a slap on the wrist.

Anonymous said...

Yes, and in lots of cases, your own children are after your money. Ask me, I am a victim of 10 years ob abuse by fraud