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Going after your hard-earned savings are individuals you may not begin to suspect. While telemarketers used to target low income individuals, they are now setting their sites even higher – investment scams for elderly. Read full article here.

Today, telemarketing scams targeting the elderly are so common that some authorities have called it the “crime of the 21st Century.” Such scams are not always perpetrated against high-worth individuals; low-income seniors are often targeted as well. Tragically, the perpetrator of a telemarketing scam is not necessarily a stranger – in fact, only about 10% of telemarketing scams involve someone unknown to the victim. In the majority of cases, the scammer is a family member. Often, it is the adult child, but can also be a nephew, niece or even a grandchild.

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