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Beware of Senior Scams (MoneyTrack Episode 309)

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Uploaded by on Oct 27, 2009

Who else is watching your parents bank accounts? In Scam Alert, we take a look at elder fraud. The Hambrics of Fallbrook, CA got a card in the mail about a seminar from a so-called financial consultant for seniors. Turns out they werent the only ones taken in by the free lunch. The company used clients money to fund their personal bankrolls, ultimately stealing more than $200 million from seniors.

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