The Rise of Financial Fraud
February 28, 2012
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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Citation
Blanton, Kimberly. 2012. "The Rise of Financial Fraud" Issue in Brief 12-5. Chestnut Hill, MA: Center for Retirement Research at Boston College.
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