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1 in 5 Senior Citizens Fall for Financial Scams

"Seventy-three-year-old Charles S. Bacino lay dying in a hospital bed in Las Vegas, on Nov. 27, 2012, when the man he referred to as his "financial affairs manager" stopped by for a visit to talk about his investments. Even as a morphine drip was working to soothe the pain of Bacino's terminal pancreatic cancer, his adviser persuaded him to invest $82,000 in notes of a cocoa and banana plantation in Ecuador.

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