Securities Fraud Lawyers Blog
Senior Scams: Preying on the Nation’s Vulnerable
Senior scams being perpetrated against some the country’s seniors and the elderly has been on the rise over the past few years. Seniors are especially vulnerable to fraud due to health issues or the natural effects of aging.
A USA Today report states that a hotline set-up by the Senate Aging Committee received twice as many calls for senior scams involving claimed tax debts in 2016 than any other complaint. The “tax debt” senior scam also topped the Committee’s annual report comprising reported financial scams for the year.