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By Mary Beth
Older people have
long been a target of con artists. Yet a lesser known but perhaps
far more prevalent problem is beginning to gain attention - fleecing
of the elderly by family members or care givers.
defrauded by people they trust "is a hidden problem that is growing
rapidly as the nation's population ages," said Jan Walsh, a
Certified Financial Planner who specializes in retirement planning
at the National Endowment for Financial Education in Denver.
Center for Elder Abuse in Washington, D.C., reports that financial
exploitation accounts for about 12 percent of all reported elder
abuse cases. And that's just the tip of the iceberg, experts say,
since abuse cases often go unreported because the victims are
ashamed or embarrassed. Sadly, the abuser is often a close relative.
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