Financial Fraud: Most Financial Scams Are Addressed Elderly

Financial Fraud: Most Financial Scams Are Addressed Elderly Top 10 Financial Scams Targeting Seniors Financial scams targeting seniors have ...

Financial Fraud: Most Financial Scams Are Addressed ElderlyTop 10 Financial Scams Targeting Seniors Financial scams targeting seniors have become so prevalent that they’re now considered “the crime of the 21st century.” Why? Because seniors are thought to have a significant amount of money sitting in their accounts. Financial scams also often go unreported or can be difficult to prosecute, so they’re considered a “low-risk” crime. However, they’re devastating to many older adults and can leave them in a very vulnerable position with little time to recoup their losses. It’s not just wealthy seniors who are targeted.