Saturday, February 24, 2007

Young Folk rip-off Elderly

ELDERLY Queenslanders are losing $2.5 million every month to rip-off merchants who often turn out to be their own children, in a financial scandal set to deepen over the coming decade.

The figures, given to a federal inquiry into the elderly and the law, are just part of the information being fed to the Federal Government about the problem, which is set to deepen as Australia's population rapidly ages.

"Some children try to acquire their parents' money before they die and beat their siblings to it," said Yvonne Zardani, secretary of the Queensland branch of the Australian Pensioners and Superannuants League.

"They use their parents to get everything they can get." Sons and daughters take money, promising to care for their parents and then abandon them.

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