Seniors are Often Targets of Ponzi Scams and Affinity Fraud
We’ve been talking recently about “affinity fraud” and
how some fraudsters and Ponzi schemers target specific groups and communities
with a pitch. Senior investors are one such group of investors who are
often targeted in
Ponzi schemes, and countless have lost their life’s savings or retirement funds
to manipulative con artists over the years.
How Do Con Artists Target Senior Investors?
Con artists use many tactics to gain the trust of senior investors.
Here are just a few ways con artists might try to target senior investors
in a Ponzi scheme:
- By claiming to be a “senior specialist” or some other made-up
- By preying on senior communities, churches, recreation centers, etc.
- By offering tempting “get rich quick” investments as an alternative
to retirement accounts
- By taking advantage of vulnerable elderly investors who struggle with dementia
and other health conditions
If you or an elderly family member has become the victim of a Ponzi scheme,
Meyer Wilson is here to help. APonzi scheme attorney with Meyer Wilson would be happy to meet with you in a free and confidential
consultation to discuss your situation and offer solutions. Reach out
to us today or fill out the confidential online contact form on this page
to learn more.
And, for more information, don’t forget to also request your FREE
copy of our helpful book,
Five Signs of Investment Fraud …And What to Do if it’s Happened to You.