The elderly are at a very vulnerable cross section of society. They are often alone, confused by technology, wealthy, bored, greedy/cheap. Scammers know this and target them.
It is scary how hard it is to convince a senior that it is a scam too. A friend of mine found out his father had given away tens of thousands of dollars for the promise of a totally ridiculous investment. Worst part was they caught it before he sent the money. Except he didn't believe them. They even called the police and he wired the money anyway.
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