Why Senior Investment Fraud Often Goes Unreported
Although many cases of senior investment fraud are reported—and the number of reported cases seems to be increasing—most experts believe that many more cases go unreported.
There are multiple reasons for this, including:
- Mental or physical conditions that impair the victim’s ability to communicate
- Concern about losing autonomy if family members find out about the scam
- Not knowing where to turn
- Embarrassment at being swindled
- Fear of retaliation from the scammer
- Not wanting to “burn bridges” or hurt anyone’s feelings
Although falling victim to an investment scam can be scary and embarrassing, don’t be afraid to seek help if you or a family member has become a victim. By reporting the investment scam and taking steps to hold the fraudster accountable, you have a chance to recover your losses and make sure that no one else is taken in by the scam.
The investment fraud attorneys with Meyer Wilson have represented more than 800 clients nationwide in stockbroker mediation, arbitration, and litigation, and we would like to put our skills, resources, and experience to work for you and your family. Speak with us today to schedule a completely free and confidential consultation with an experienced financial fraud attorney who can help explain your rights and options.
For more information about spotting investment scams and Ponzi schemes, please also request your FREE copy of our must-read book Five Signs of Investment Fraud…And What to Do if It’s Happened to You. Give us a call or fill out our easy online contact form to request your complimentary copy today!