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Fraud and identify theft targeting older people

Glenn Carstens-Peters/Unsplash

Whether you are a retiree or simply related to one, one of the fears is that some bad actor will insinuate themselves into your lives and take unscrupulous financial advantage.  A number of states have laws on the books specific to the crime of theft from a vulnerable adult.  According to the National Conference on State Legislatures, which monitors these laws, this type of financial abuse remains an active topic in state capitals.  

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.