Elderly Fraud is on the Rise

According to the Canadian Department of Justice, elderly fraud is on the rise. Approximately 10% of seniors are victims each year in Canada.  The majority of these crimes are property rather than violent crimes. Areas of greatest concern are the following:

  1. Financial crimes by strangers. A variety of fraudulent schemes fall in this category, including Ponzi schemes (investment), false promises of prizes, aggressive telemarketing, schemes involving health products.
  2. Email Scams.
  3. Repair Scams.

How can you avoid these scams?