When you ask what they're for, she says she's investing in a new hi-tech company. After you investigate further, you think she's being scammed by fraudulent telemarketers. People over 50 years of age are especially vulnerable and account for about 56 percent of all victims, according to a recent study by the American Association of Retired Persons. Scam artists often target older people, knowing they tend to be trusting and polite toward strangers and are likely to be home and have time to talk with callers.
Con artists are skilled liars who spend a lot of time polishing their sales pitches.
As a result, it can be difficult to see through their scams. Alert those you care about to be on their guard if they hear the buzz words for fraud. You don't need written information about the company or its references. It also is helpful for people who are the targets of fraudulent telemarketers to know their rights. If it's a prize promotion, they must tell you that you don't have to pay or buy anything to enter or win.