Shysters prey upon old innocence
Editor:
There was a recent article in the paper regarding a man and woman in Cheyenne who had been convicted of taking part in a scam operation where a number of people had lost a great deal of money, perhaps even most of their life’s savings, by “investing in gold certificates,” which were said to have been backed by Ferdinand Marcos. It’s too bad that anyone was taken advantage of.
The article was good, even if produced by the highly biased AARP organization, who would like seniors to think that the advice they give is almost gospel. It’s a fact that the elderly lose millions of dollars every year because of financial exploitation. Sometimes this is a result of a convincing con artist’s scam, but that isn’t the only type of elder abuse happening today.
Another news article reported that 104-year-old New York socialite Brooke Astor was “abused and neglected” by her 82-year-old son, and many financial planners and attorneys are making a good case of advising that the elderly must be very careful when investing their funds, and also when receiving care from others (either paid or volunteer), including their own family members and friends, some of whom could take advantage of them and/or steal their financial resources.
Many eldercare attorneys and other financial advisers can help with what may turn out to be a huge problem facing America as the baby boomers mature. There are more wealthy elderly people on Earth today than ever before, and the potential for financial abuse is going to become more rampant in the years to come. Frequent, smaller cases may never receive national attention.
You can bet the personal injury attorneys won’t be far behind the eldercare ambulance, either!
GARY WELLS, Casper