Unfortunately, the elderly have long been targets of fraudsters due to their naturally trusting dispositions and the fact that they don’t know all that much about how computers and technology work. Others suffer from diseases like Alzheimer’s that impair their judgment or awareness. Fraudsters prey on these people because of these reasons as well as the fact that many of them have large bank accounts.
From prescription drug scams to stock scams, it’s important to look out for the senior citizen in your life and make sure they don’t get taken advantage of. This includes having a securities lawyer in your corner in case they do get taken advantage of. In fact, stock broker fraud is very common among seniors, says theFBI, as this particular age group is vulnerable due to:
However, it’s more important than ever to protect your elderly loved ones, in light of these most common forms of fraud for senior citizens:
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