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Our senior population is particularly vulnerable to con artists who want to take advantage of them. Too often we hear of stories where an elderly person is scammed out of a large amount of money. Published statistics show that five million elderly persons are financially victimized per year. This age group totals 15% of the overall population but represents 1/3 of all victims of fraud.1
A few reasons why a senior citizen may be more likely to become the victim of fraud:
A criminal will prey upon these traits to achieve their own end goal of separating the senior from their money.
If you have seniors in your life, you can help make them more aware of fraudulent practices so that they are better equipped to deal with these situations. Topics you should discuss include:
When we have seniors in our lives, it is up to us to help them become aware of the sophisticated techniques used by today's perpetrators of fraud. Through discussion and awareness, they can avoid becoming a victim.
Contact us for more information on this topic and visit our SD Medallion webpage to learn more about the services that we offer.
1NYC District Attorney's Office: http://manhattanda.org/sites/default/files/Protecting_Elderly.pdfRead more about the current Greenbook proposals. ...
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