New warning to elderly on ‘too good to be true’ scam fraudsters
Elderly people who own shares have been warned not to let investment fraudsters offering “too good to be true” deals trick them into parting with their cash.
There has been a spate of attempts by swindlers from overseas companies cold-calling investors and trying to scam money from them. The con artists tend to target people over the age of 55 and use psychological games to trap unwitting victims. They will also use pressure tactics, like forcing share owners to act quick or make decisions on a “special deal”. For more details: Independent