The Rise of Financial Fraud

IB#12-5

The brief’s key findings are:

  • Financial fraud complaints by consumers have surged over the past decade, fueled by the rise of Internet-based scams.
  • This trend will likely continue as scammers target aging baby boomers, who have substantial assets and face cognitive decline.
  • Consumers can help protect themselves by recognizing standard fraud strategies and the disguises used by scammers.

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