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Durst said the check is either bad or drawn on an account to which the scammers have access. No matter what, the bank will decline the check and the victim has just sent their own money and is now ...
Seniors are taking the brunt of financial fraud to the tune of $3.4B+. Learn the most common peer-to-peer, impersonation and other scams on the rise to keep your money safe.
According to the FBI’s 2023 Elder Fraud Report, people over the age of 60 reported losses of more than $3.4 billion in 2023, an 11% increase from the previous year.
Victims rarely get their money back, including older people who have lost life savings to romance scams, grandparent scams, technical support fraud and other common grifts. Scammers are swiping ...
With the help of technology, scammers are tricking Americans out of more money than ever before. In 2022, reported consumer losses to fraud totaled $8.8 billion — a 30 percent increase from 2021 ...
In mid-2017, Kitboga found out that his grandmother had fallen victim to many scams designed to prey on the elderly, both online and in person. [4] He then discovered "Lenny", a loop of vague pre-recorded messages that scam baiters play during calls to convince the scammer that there is a real person on the phone without providing any useful information to the scammer.
Older people are disproportionately targeted by fraudulent telemarketers and make up 80% of victims affected by telemarketing scams alone. Older people may be targeted more because the scammer assumes they may be more trusting, too polite to hang up, or have a nest egg. [3] Many older people have money to invest and are in need of profit.
Cyber scammers swindled an elderly Evans woman out of an unknown amount of cash and gold. Scammers arrange gold drop-offs, pick-ups from 90-year-old Evans woman's home Skip to main content
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