Here's a quick tip to spot if an elderly family member or friend has become a victim of crypto fraud.In 2022, American senior citizens lost over $1 billion to those types of scams.Watch for loved ones opening a crypto account without showing much knowledge or experience with this type of currency.
Ask if purchases are funded by their retirement account savings. If an older person in your life making large cash withdrawals from their bank account for crypto currency. Avoid investing with anyone who reaches out to you a thoroughly research any investment opportunity before giving money. You may also want to reach out to a financial planner for guidance.
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