If you hired us, we’d tell you, first, that you should not be ashamed—elder abuse is an “epidemic” that costs seniors $2.9 billion annually, according to Senator Susan Collins, who heads the Senate Special Commission on Aging.
Second, we’d note that even sophisticated investors are defrauded by con men. According to Forbes, several billionaires and foundations were among Bernie Madoff’s victims.
Finally, we’d let you know that a few of these cases have satisfactory endings. Every now and then Bill goes to prison or is forced to return the money.
The best way to avoid Bill is exercising due diligence in selecting your professional advisors and knowing what to look for. For more on the characteristics of predators like Bill, click here.