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12 Elder Fraud cons That Target seniors – just how to remain covered

12 Elder Fraud cons That Target seniors – just how to remain covered

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When Louise (not the girl actual identity) decided to go to go to this lady 98-year-old grandmother, she got surprised to get a number of cheap candles resting on her behalf desk. The woman grandmother explained that she’d purchased them to assist a charity she provided to regularly, usually spending $75 or $100 each month. Louise asked the charity’s term, and it only grabbed their one quick Internet search to discover it was a fake. The woman grandmother’s donations weren’t improving the needy; these were coating the pouches of a scammer.

This is just one of these of many frauds that target the elderly. A report from the U.S. Securities and trade percentage (SEC) estimates that roughly 5 million senior citizens be victims of fraudulence or economic abuse from year to year. Read more