Predator Salesperson: Protect Yourself

Be careful of predatory salespeople selling or coercing you or a loved one into buying excessive amounts of annuities, timeshares, Bitcoin or other items. Infirm residents of nursing homes have purchased dozens of cruises when then cannot even leave the facility. Have someone monitor bank and other accounts for unusual activity. Consider restricting phone use to minimize the risks. Have a care manager, financial adviser and other professionals meet periodically. Discuss the concerns directly with the loved one who may be involved. Case study of elderly woman with 80% of her wealth hustled into annuities.