Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Financial Scams Targeting the Elderly Are Rising. Advisors Offer Precautions.

FYI: Scams that target the elderly, whether by phone, computer or in person, succeed to the tune of billions of dollars a year. But fear and shame often keep victims from seeking the help that their grown children could provide, experts say.

“One of the reasons parents don’t tell us when they may have fallen victim or come close is that they fear [their children will] pack up their home and they’ll lose their independence,” explains Ron Long, head of Wells Fargo’s Elder Client Initiatives Center of Excellence.
Regards,
Ted
https://www.barrons.com/articles/advisors-offer-precautions-on-keeping-financial-scammers-away-51570129311?mod=djem_b_Weekly Feed for Barrons Magazine
Sign In or Register to comment.