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A Congressional study showed that seniors are 12 percent of the population, but 30 percent of the scam victims. The Justice department estimates one in 10 older adults is a victim of financial abuse. The following are some of today’s elder fraud scams, except:
There was a 47% increase in fraud and identity theft during 2020-2021. Seniors, particularly those 70 and over and 80 and over, report losing more money to frauds and scams. The following are common forms of identity theft, except:
Which of the following is the best way to protect your clients and yourself against financial abuse?
Recent laws and regulations that have been adopted to address elder fraud include the following, except:
Other things to do to protect yourself and clients from financial abuse include the following, except: