Financial Fraud: How Seniors Can Fight It
Have you ever received an email or phone call promising the investment opportunity of a lifetime, if you'd only be so kind as to share your bank account information and social security number? If so, then you were a potential victim of financial fraud, a crime that comes in many shapes and sizes.
Senior citizens are a growing target for financial scammers. A survey on elder fraud from Investor Protection Trust estimates about 20 pecent of unsuspecting retirees become victims of financial fraud. According to a June 2011 MetLife report, seniors lose more than $2.9 billion a year to financial fraud. That amount is up 12 percent from 2008. But, since many cases of fraud go unreported, these numbers may in fact be far higher.
To learn more about what you can do to protect yourself, click here: