Absolutely, most scammers go after poor, old people instead of successful businessmen and the rich. Just look at Bernie Madoff. If we had a true free, unregulated market that kind of thing would not have happened since poor people would have to smarten up about their business and would not be so careless with their money.
Do you know anything
about the Madoff scandal? He wasn't duping poor people, he was stealing from pension funds and university endowments. Poor people invest in big screen TVs and bigger truck tires
, not mutual funds.