Baby boomers are prime targets for scammers. Scam artists, masquerading as financial advisors and stockbrokers, recognize that baby boomers have reached the point where they are looking to secure their investments and protect their retirement dollars. As a result, scam artists prey on common investor fears in this age group, in an attempt to defraud them.
Some of the most common investment scams used to attract baby boomers’ money include:
Perpetrators will promote their investments as low-risk, but generate high returns. If a salesperson has made this claim to you or if you are feeling extreme pressure to invest your money, it could be a sign that the investment is a scam. You should always research potential investments with credible and trusted organizations and advisors before investing your money.
If you have been the victim of an investment scheme, one of our experienced securities fraud attorneys may be able to help you. For more information, contact us today by calling or filling out our online contact form. We represent investors nationwide who have been victims of investment schemes, misconduct, and elder fraud at the hands of investment professionals.