Are You at Risk for Fraud? Fraud Awareness & Prevention
Older Americans face fraud more often than most, according to the FBI. Here are a few tips to protect yourself.
By: Edward Jones
A growing number of scams target investors and their money. We want to empower our clients and their families to help protect themselves. Older adults are especially vulnerable: According to a recent Investor Protection Trust Survey, 20% of Americans over age 65 report that they have been "taken advantage of financially in terms of inappropriate investments, unreasonably high fees for financial services or outright fraud."
According to the FBI, scam artists often seek out older Americans because:
• They may have saved more money
• They are less likely to report fraud
• They were raised to be polite and trusting, and con men prey on these qualities
• Mental impairment may make it difficult for them to recognize financial schemes
Fighting financial fraud starts with education as well as communication between family members and their financial professionals. Our branch-office model provides a personal, face-to-face approach that helps us identify unusual behavior or activity, particularly with regard to elder financial abuse.
Knowing about today's more common scams can help you identify and prevent them from happening to you. We want to help you learn more about these scams and how to protect yourself.
Common Types of Fraud
Anyone can become a target for fraud. Learn more about how to spot scams.
Edward Jones - Mae Luchetti