An all-too-common scam is affecting retirees across the country. The Scam Alert features so-called “Elder Experts” and how they bilk seniors of their retirement funds. We look at one so-called senior specialist in California who bilked 129 senior citizens out of more than 10 million dollars.
Ed Butler is an intelligent, active, tech-savvy 69-year-old who was a successful engineer and corporate executive before he retired. Nonetheless, he was the victim of a scam. If they can get the Ed Butlers of the world, they can get anyone
According to the FTC, telemarketing fraud against senior citizens is substantial. Senior citizens are an easy target for some unscrupulous marketers because they are often home and have access to a lifetime of savings. Thankfully, there are some ways to foil fraud.