9. Certain Investments
This scam is targeted more at the older communities and is based on the idea of living off social security checks. Many will plan for retirement, but unfortunately, most don’t manage these savings properly.
A large portion of the elderly community relies on using their social security checks to get by once they stop working, which is a normal path to follow.
The issue with this is the scammers that will try and pose as financial advisors to get access to these hard-earned funds. From there, they will be able to get all the information they need and the money that they are looking for.