Consumer Protection Series: Protecting Seniors from Financial Abuse

U.S. seniors are subject to financial abuse by "target of opportunity" abuses, abuses by financial salespersons without scruples and by professional criminals and con artists.

Target of opportunity abuses are often committed by family members and caregivers who take advantage of frail elderly seniors. Financial sales persons often sell inferior high-commission products to seniors, and contractors often take advantage of seniors' trust. Organized professional criminals target seniors for old ...