Elder Investment Fraud

New data from the 2017 AARP Investment Fraud Study

Elder Investment Fraud is on the Rise

The 2017 AARP Investment Fraud Vulnerability Study highlights two troubling trends in the United States. Investment fraud is on the rise and elders are increasingly being targeted.

The AARP Investment Fraud Vulnerability Study “sought to identify differences between known elder investment fraud victims and the general investor population in three discrete areas: psychological mindset, behavioral characteristics, and demographic characteristics.”

This article extends the AARP’s discussion on elders as investment fraud targets, exploring common schemes, a discussion on why seniors are vulnerable, and methods for prevention and resolution. In preparation, we spoke with a number elder abuse advocates, elder abuse attorneys in California, financial abuse researchers, and contributors to the AARP Study.

Reporting Channels for Financial Elder Abuse

California District Attorney’s Association
Phone: 916-443-2017 | Website

Federal Trade Commission Complaints: 1-877-FTC-HELP (Toll Free), Website

FINRA Foundation: Investor Protection Campaign
National Telemarketing Victim Call Center: 855-322-9218 (Toll Free), Website

California Mortgage Lenders & Brokers Complaints: Website
Insurance Agent Complaints: 1-800-927-4347 or Website
California Bar Association (Complaints): 1-800-843-9053 or Website

Taking Action: An Advocate’s Guide to Assisting Victim’s of Financial Fraud
CANHR Elder Financial Abuse Fact Sheet

Dr. Stacey Wood, Ph.D.

Dr. Stacey Wood is one of the nation’s leading experts on financial elder abuse and fraud. Dr. Wood’s rich experience as a researcher, clinician for California Adult Protective Services participation in court proceedings makes her the ideal expert witness for your next case. See Dr. Wood’s curriculum vitae.