Top Ten Financial Scams Targeting Seniors. Financial frauds focusing on seniors are becoming therefore predominant that they’re now considered “the criminal activity for the twenty-first century.”

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Financial frauds focusing on seniors have grown to be therefore predominant that they’re now considered “the criminal activity for the twenty-first century.” Why? Because seniors are believed to own an important sum of money sitting inside their reports.

Financial frauds additionally go unreported or often may be tough to prosecute, so they’re considered a “low-risk” criminal activity. But, they’re damaging to numerous older grownups and certainly will keep them in an exceedingly position that is vulnerable short amount of time to recover their losings.

It is maybe perhaps perhaps not simply rich seniors who are targeted. Low-income older grownups will also be vulnerable to monetary punishment. Also it’s not necessarily strangers whom perpetrate these crimes. Over 90% of most reported elder abuse is committed by an adult person’s very own loved ones, frequently their adult young ones, accompanied by grandchildren, nieces and nephews, as well as others. Read more