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Tuesday, 6 January 2015

Evaluating Elder Fraud With An SEC Whistleblower

By Bob Oliver


It's easy to see that elder fraud is a unique type of fraud that should be addressed. Of course, the presentation of attractive goods and services still applies; this point should not be overlooked. However, I believe that it is just as important to know the ages of those who are normally fraud victims. As any SEC whistleblower will tell you, elder fraud should be addressed and there are a number of ways in which such an endeavor can be carried out.

Why is it that certain victims of fraud are older men and women? If you were to ask me, I'd have to respond with the idea that they are, in most cases, more secure with their finances. They seem to be able to keep their nest eggs more secure as well, which only helps to make them more prime targets for elder fraud. With these points in mind, it's clear that these individuals must be extra cautious and treat any kind of opportunity with healthy skepticism.

Of course, many older individuals may look at this situation and believe that caution is required. While this is important, to say the least, there may be trouble when it comes to actually reporting the problem. Perhaps the victim cannot get their thoughts together or maybe they simply do not know who they should call. Nonetheless, you can be certain that the services connected to a SEC whistleblower will prove to be useful all the same.

To report this case with the utmost clarity, I believe that this is where authorities such as Whistleblowers Against Fraud can lend a hand. After all, it's not like they are limited to the types of fraud they can tackle, or even the kinds of clients they can take on. Of course, a situation like this requires as many details as possible, which may not be the easiest task for older men and women alike. To better tackle this situation, consulting a SEC whistleblower would probably be the best bet.

More than anything else, elder fraud is best avoided when "too good to be true" cases are ignored. More often than not, these require some sort of follow-up action on the part of the potential victim, which is usually the biggest red flag that can be raised. Whatever the case may be, it's important to understand elder fraud, no matter what age you are. Sooner or later, you may have built a financially stable life for yourself and it's important to keep it secure after the fact.




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