FRAUD I ELDER ABUSE – Elderly More Susceptible to Financial Fraud
June 13, 2019
Studies show that as we age, we become less savvy with financial transactions and become more susceptible to financial fraud. For this reason, elderly homeowners and landowners fall victim to real estate fraud schemes, often selling their homes and property well below market value.
The most common elderly fraud schemes are centered on real estate. Elderly homeowners and landowners, especially in southern California are even more susceptible to fraud due to high real estate prices. The most common elderly fraud schemes include:
Forbes published an article on “Why Older Adults Are So Susceptible To Financial Fraud” the link to that article is included here: https://www.forbes.com/sites/nextavenue/2016/12/18/why-older-adults-are-so-susceptible-to-financial-fraud/#19cec1202770
If you or someone you know has fallen victim to financial fraud or elderly fraud abuse, we encourage you to call our offices today at 619-432-5145 for a free consultation with one of our Fraud Attorneys.