Who would fall for a phony telemarketers pitch?
Anyone can be dazzled by the carefully scripted, aggressive pitch of a skilled scam artist. Unfortunately, older Americans continue to be disproportionately targeted by, and lose money to, dishonest fraudsters. As a group, older Americans control much of the individual wealth in this country; they’ve had a whole lifetime to build their fortunes, and scammers go where the money is. Since many older Americans live on fixed incomes and must cope with the rising costs of medical care, and even basic daily necessities, they may be vulnerable to “opportunities” to increase their income.
