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Retiree duped into investing $180k with savings and loan
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At least five “vulnerable” seniors here were duped into buying unsuitable financial products in the last two years.
PHOTO: ISTOCKPHOTO
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We all put a huge amount of trust in banks, but sometimes that trust is misplaced, as five retirees found out in recent years when they were misled into buying unsuitable products that brought only financial pain.
That all these cases involved retirees with low education and who were not proficient in English shows how vulnerable seniors are easy targets for unscrupulous sales staff.
