Red Flags To Benefit Senior Adults

Posted on September 30, 2012

All too often we hear stories of how seniors are taken advantage of by people who prey on the vulnerable. Usually the stories end in financial devastation for the vulnerable senior, but sometimes a story ends in physical injury or death. And always the stories end in emotional devastation in one way or another. Of course, not all seniors are vulnerable, but, according to a 2010 survey by the Investment Protection Trust, more than 7 million older Americans have been victimized by a financial swindle.  That was one out of every five people over the age of 65 years old. The survey found that the top three financial exploitations were theft or diversion of funds or property by family members, followed by caregivers, then followed by scams by strangers. The good news is that regulators, physicians, nurses, and law enforcement officials across the country are being trained to identify financial fraud and abuse. According to the article by Michelle […]

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