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What are the most common types of investment fraud that my elderly parents might encounter?

Sadly, some fraudsters will happily take advantage of older investors. While your parents, regardless of age, could run into any kind of investment fraud, older investors are particularly susceptible to:

Affinity Fraud
Your parents may meet the fraudster through their church, a club, or a hobby. The fraudster then uses this similarity to take advantage of your parents' trust.

"Free Lunch" Seminars
In this scam, an elderly investor is offered a free seminar that may include an item giveaway, a complimentary lunch, or similar "free" items for attending and listening to the sales pitch. The investment sounds great. The problem is that many of these seminars don't give all the details or may promote one investment, but actually offer a different investment.

Phone Calls
Phone calls, e-mails, and text messages come through offering incredible returns or a great opportunity. Because these types of messages seem so personal, and because they can be quite persistent (sometimes several calls a day!), many seniors eventually give in just to get them to stop calling.

To learn more about elder financial abuse, watch the videos below.

Need More Information?

Investment misconduct can be complex and confusing. That’s why we’re here to help you. Visit our Common Questions page to find in depth answers directly from our attorneys. Get More Answers
Have You Been a Victim of Investment Fraud?

You trusted your financial advisor with your money, but now you're left wondering what went wrong. If you or a loved one suffered losses because of investment misconduct, Meyer Wilson can step in and fight to recover your losses. The team of investment fraud lawyers at the firm has been helping people like you since 1999 by winning judgments, settlements and verdicts worth hundreds of millions of dollars against brokerage firms, financial advisors and banks.

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