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Financial fraud Archives

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 million U.S. senior citizens who are victims of financial fraud.

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 - according to a 2014 study - is that 90 percent of the perpetrators are known by the victims.

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