From Petaluma360.c0m:
“Have you ever answered the phone and heard your grandson on the line, saying that he desperately needs you to wire him money – only to find out the caller wasn’t really your grandson? That’s exactly what happened to Art Cader last week and this wasn’t the first time. The 90-year-old World War II veteran and his wife have experienced three attempts of elder fraud in the last two months alone. Fortunately for the Caders, they outsmarted the schemers by doing a little research.”
Read more here. And read more here about how ethnic elders are more vulnerable to fraud:
“A 2011 report by the California Elder Justice Coalition (CEJC) found that African American seniors ‘may be up to five times more susceptible to being cheated financially’ than non-blacks. The same study found, ‘Black and Latino seniors were more than 70 percent more likely to lose their homes to foreclosure between 2007 and 2009.'”
