If someone offers a deal that sounds to good to be true, it probably is. Yet every day people get taken in by different schemes. Con artists defraud and cheat unsuspecting citizens out of several billion dollars each year. The swindler's prime target is the senior citizen. Swindlers see the elderly as easy marks for many reasons.
Many senior citizens live on social security and pensions supplemented by savings.
They may be looking for ways to increase their incomes through investments, home business opportunities or retirement properties. Swindlers are usually well-dressed, talkative and intelligent. After all, they are trying to win your confidence. Pigeon Drop- the swindler will claim to have found a large sum of money with you being the witness to the findings. A second person will come into the scene and help to convince you to put up good faith money, switch the real money with phony money and leave you holding the bag.