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Why do so many people fall for financial scams?

Tuesday, December 18, 2018   (0 Comments)
Posted by: Communications Associate
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Why do so many people fall for financial scams?

December 6, 2018 | economist.com

 

Researchers at Stanford University’s financial-fraud research center estimate that “consumer fraud” costs Americans more than $50bn annually. The baby-boomer generation, with sizeable pension pots and houses that have soared in value, are ripe for plucking. And the scammers have become more sophisticated.

 

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