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Senior Investors Often Targets of Ponzi Schemes, Affinity Fraud

Seniors are Often Targets of Ponzi Scams and Affinity Fraud

We’ve been talking recently about “affinity fraud” and how some fraudsters and Ponzi schemers target specific groups and communities with a pitch. Senior investors are one such group of investors who are often targeted in Ponzi schemes, and countless have lost their life’s savings or retirement funds to manipulative con artists over the years.

How Do Con Artists Target Senior Investors?

Con artists use many tactics to gain the trust of senior investors.

Here are just a few ways con artists might try to target senior investors in a Ponzi scheme:

  • By claiming to be a “senior specialist” or some other made-up designation
  • By preying on senior communities, churches, recreation centers, etc.
  • By offering tempting “get rich quick” investments as an alternative to retirement accounts
  • By taking advantage of vulnerable elderly investors who struggle with dementia and other health conditions

If you or an elderly family member has become the victim of a Ponzi scheme, Meyer Wilson is here to help. APonzi scheme attorney​ with Meyer Wilson would be happy to meet with you in a free and confidential consultation to discuss your situation and offer solutions. Reach out to us today or fill out the confidential online contact form on this page to learn more.

And, for more information, don’t forget to also request your FREE copy of our helpful book, Five Signs of Investment Fraud …And What to Do if it’s Happened to You.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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