Elder Financial Fraud and Abuse
Elder Financial Fraud and Abuse Contributed by Tyler Happel, Vice-President, Keystone Savings Bank Elder financial fraud and abuse is a serious issue that has continued to worsen over time as the world becomes more complex. It is estimated that victims of elder financial fraud and abuse lose $3 billion each year. Seniors become targets because they have often taken a lifetime to build enough wealth to retire and possibly leave something behind for their loved ones. Scammers will typically try to build trust with the individual, threaten them, or try to confuse them. These scammers know that Seniors are less [...]