Thousands of elders become victims of financial abuse each year. Studies have sought to determine why so many elders fall prey to financial scams, and by and large, it is the vulnerability of elders that puts them at greatest risk for being victimized. Whether that abuse is initiated via phone scams, where thieves claim to be from the IRS, or via people who are trying to scam elders via a trust mill, there are a lot of people seeking to take advantage of elders in California.
Senior seminars, which advertise a free lunch, are yet another common scam used for financial predators to target potential victims. The scam works like this:
*There is a “Senior Seminar” advertised/offered which provides a free lunch.