Viaticals Served for Lunch

Luis and Manuela were living off a small pension, Social Security, and some savings. Finances were tight, so they wanted to make better investments. Unfortunately, they lost $75,000 after attending a "free" investment seminar and were talked into investing in viatical settlements. Listen to them tell AARP about the scam perpetrated against them.

More Videos From "The Lure of Money"

Many eyes are on your retirement nest egg. Boomers approaching retirement look out for how their retirement investments are growing. Those retired already have a watchful eye on how their retirement savings are lasting. The other "eyes" on your money are the opportunists. Through frauds and scams, they try to lure you into the wrong investments.

Sounding sincere and knowledgeable, making promises of high returns, and building trust are some of the often sophisticated techniques that scams artists use to take your retirement money. Listen to people who thought they were making sound investment decisions, but put their trust in the wrong person and promise. These investors ended up with disastrous results.

View other segments from AARP's video, "The Lure of Money."

• Ponzi Scheme Built on Promissory Notes
• Pressed into Variable Annuities
• Affinity Fraud
• Before You Invest