Sad but YUP:
"Even during the best of times, some may try to take advantage of an older person. That can include family, friends, neighbors, caregivers, fiduciaries, business people, and others. They may take money without permission, fail to repay money they owe, charge too much for services, or just not do what they were paid to do. These are examples of elder financial exploitation or financial abuse. In challenging times, elder financial exploitation may be even more common. Scammers both known and unknown to their targets often focus on older adults because they may have more assets or regular income in the form of retirement benefits or savings and because they’re often polite and trusting."