Page Perry

The number of financial scams targeting seniors is dramatically increasing according to a survey conducted by the non-profit Investor Protection Trust. “Swindles targeting older Americans are a bigger problem today than ever before,” Don Blandin, president and chief executive of Investor Protection Trust, was quoted as saying (See “Survey reveals alarming rise in financial abuse of the elderly”). The survey received responses from 763 participants, including 76 state securities regulators and 77 financial planners, as well as medical professionals, social workers, caregivers, law enforcement officials and legal experts.