Senior’s Target by Scammers

Credit scams come in many different way shapes and forms, however there is one type out there that is specifically disconcerting. The specific targeting of senior citizens that may not be on the up and up with some of the newest technology have had this used against them. American Precious Medals LLC is the newest company to be struck down by the courts for engaging in credit fraud targeting senior citizens. This company specifically targeted senior citizens through a scam on investing in both gold and silver, talking about there is no better time to invest than now. What they didn’t tell you was that your initial investment wouldn’t get you any returns, and you would be required to invest further to have any chance at making any sort of money. It is scams like these known as credit fraud that target a certain demographic due to their vulnerability and not understanding how certain things in companies work. Through not explaining the fine print associated with a credit investment in gold and silver they were able in most cases to take the persons assets and keep them invested for long periods of time. The specific sales pitch consisted of high pressure buying situations in which it seemed like they were essentially risk free investments. Scams that pray on the vulnerability of certain parts of society are appalling and must be put to a stop as fast as possible. I urge anyone who has heard of such scams to contact local law enforcement immediately. Credit scam.