It’s no secret that fraudsters have few, if any, scruples. They are willing to lie to, swindle and cheat anyone who can give them money. As much as we would like to think that certain segments of society should be considered “off-limits” to bad actors, the opposite is normally true. No situation makes this quite as clear as the multitude of scams that target the aging population.
In her session, “Protecting the Aging and Vulnerable Population from Fraud in Uncertain Times,” at the 31st Annual ACFE Global Fraud Conference, Nadia Wright, CFE, taught attendees about a number of the fraud schemes that target the aging. Wright, senior fraud investigator for LPL Financial, said most scams fall into one of two categories: the long game or the quick hit.
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