Avoiding Fraud

MONEY“A 2011 MetLife Mature Market Institute review of existing research and news  reports estimated elder victims lose at least $2.9 billion annually from fraud,  up 12 percent from 2008. Fraud perpetrated by strangers accounted for 51 percent  of reported cases, followed by fraud committed by family, friends and neighbors,  which accounted for 34 percent. A 2010 study by the non-profit group Investor  Protection Trust said about 7 million Americans over 65, or 1 in 5, have lost  money from fraud schemes.” Click here to read more.

This entry was posted in Finances and tagged . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.