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The FBI Internet Crime Complaint Center (IC3) received more than 101,000 reports of scams and fraud against people ages 60 and older in 2023, causing seniors to lose over $3.4 billion. And those ...
Oct. 5—The Yuba City Police Department said Thursday that there have been "several reports of elderly victims being manipulated and having their debit cards stolen" within the last month.
Scams and confidence tricks are difficult to classify, because they change often and often contain elements of more than one type. Throughout this list, the perpetrator of the confidence trick is called the "con artist" or simply "artist", and the intended victim is the "mark".
Seniors' level of vulnerability to this type of exploitation varies by the type of scam. For example, the AARP found that lottery fraud victims were more likely to be women over 70 living alone, with lower education, lower income, and less financial literacy, while victims of investment fraud were more likely to be men between the ages of 55 ...
The law applies to all for-profit businesses that conduct business with any resident of California and have "shared customer personal information with other companies for their direct marketing use within the immediately preceding calendar year," [3] with the exception of businesses with fewer than 20 employees, federal financial institutions ...
Sixteen individuals have been charged in connection with a "grandparent scam" in which hundreds of elderly people were defrauded out of millions of dollars, said U.S. Attorney Philip R. Sellinger.
The Fraud Division has funding codified in California law to investigate the following areas of insurance fraud: Automobile, Workers' Compensation, Property Life and Casualty, Disability and Healthcare Fraud. In recent years, the some notable cases the Fraud Division has brought to prosecution are: Operation Spinal Cap [3] Operation Backlash [4]
Last summer the Social Security Administration issued a warning about a rise in artificial intelligence-generated fraud to scam seniors out of their benefits. One SSA official told U.S. House ...