Financial scams are not uncommon, especially among older people. Financial planner scammers try to take advantage of consumers who do not understand estate planning. According to the Office of the Pennsylvania Attorney General, a financial planner scammer is someone...
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Financial Fraud
4 examples of elder financial exploitation schemes
Financial exploitation is a type of elder abuse. Financial exploitation could lead to great strain for a senior citizen, derailing a retirement plan and causing hardship in what should be the victim’s golden years. Statistics underestimate the true prevalence of this...
What to do after your parents become financial fraud victims
Your elderly parents have made some financial missteps. Now, it's your turn to help them overcome the financial fraud they have experienced. Don't judge them. It's better to empathize, because your loving and vulnerable parents have joined the ranks of the estimated 7...
Elder financial abuse typically committed by family or friends
Financial fraud or exploitation of the elderly happens, and it's shameful. These crimes may range from the theft of an heirloom watch or a forged check to the bilking of thousands of dollars from investment or retirement accounts. What investigators have discovered -...