Intense marketing can easily cross the line into investment fraud, especially when the elderly are the target. Seniors can be ripped off via fraudulent telephone solicitations, with offers to help them avoid home foreclosure and even at free-lunch investing seminars.
According to a MetLife Mature Market Institute survey of reported swindles, 51% of scammers were strangers, but 34% were family, friends or neighbors. If you feel your parents are in danger, here’s what you can do: Continue reading