KPMG's annual survey once again identifying the many cases we come across of fraud and mishandling of the financial affairs of the vulnerable. Consider a professional Attorney, Trustee or Executor for extra protection.
Fraud committed within families by relatives increased by a factor of five last year. Data seems to indicate that, in the majority of cases, an elderly person is defrauded by a younger relative. KPMG's annual Fraud Barometer survey found that elderly relatives had a total of GBP1.7 million stolen from them by younger members of the family. The most common perpetrator of fraud in the family was the so-called 'baby boomer'. According to the report '72% of familial fraud was committed by fraudsters aged over 45' who KPMG suggests 'perhaps frustrated by the increasingly common wait to receive their inheritance, seemingly took matters into their own hands'.