Why seniors fall for scams


IN recent years, investment scams have become a pressing concern, particularly among retirees. As individuals transition into retirement, the desire for stable income streams and the fear of outliving savings can make them vulnerable to fraudulent schemes promising high returns.

I believe the following are some of the reasons why senior citizens in particular are hoodwinked.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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