No. 2

As a community doctor for more than four decades, Dr. Wells is a respected member of the community. For the last several months, the niece has noticed that Dr. Wells has been agitated and upset. Upon inquiry, Dr. Wells told about products he had been buying over the phone. As the niece investigated further, she realized that her uncle had bought several products from a vendor by the name of Long Live Products. Although the transactions were not large, the total amount had already added up to several hundred dollars. The niece decided to research the company on the Internet. Surprisingly, she was unable to find any information about the company. She became extremely worried that someone was taking advantage of her uncle.

Questions:

1. What possible fraud scheme that victimized Dr. Wells? How the niece could explain such fraud to Dr. Wells? (4 points)

2. Why are the elderly so susceptible to fraud? (3 points)

3. What could the niece advice to her uncle to avoid such fraud in the future? (3 points)