AARP Released Results of Study on Differences Between Victims of Fraud and General Population
The AARP recently released information about the results of their study looking into the differences in demographic characteristics, behavioral characteristics and psychological mindset between the general investor population and known investment fraud victims. Some of their key findings include:
- About 11 percent of the general investment population make at least five investment decisions per year, while about 42 percent of fraud victims made at least five investment decisions per year.
- About 32 percent of the general investment population reported receiving one or more investment sales call every month, while about 58 percent of fraud victims reported receiving at least one call every month.
- About 30 percent of the general investment population agreed with the statement, “The most profitable financial returns are often found in investments that are not regulated by the government,” while about 48 percent of fraud victims agreed.
- About 41 percent of the general investment population believed that wealth accumulation was one of the most important measures of success in life, while about 60 percent of fraud victims believed that it was one of the most important measures of success.
Applied Research Consultants (ARC) and the AARP’s Fraud Watch Network worked together to conduct 1,028 interviews of 214 fraud victims and 814 people in the general investment population between August 23 and September 7, 2016.
If you were the victim of an investment fraud scheme, you may be able to recover your losses. Our investment fraud attorneys at Meyer Wilson have helped approximately 1,000 victims of fraud recover more than $350 million in verdicts and settlements since we first opened our doors nearly 20 years ago. Tell us about your case by filling out our online form or by giving us a call at one of our office locations today.