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BBB warns against senior scams

Published 08/04/2010, DL-Online

Fraud targeting senior citizens is a growing concern. According to a June 2010 survey by Investor Protection Trust, more than 7.3 million senior citizens — roughly 20 percent of Americans aged 65 or older — have “been taken advantage of financially in terms of an inappropriate investment, unreasonably high fees for financial services, or outright fraud.”

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