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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 ...
The FBI-Boston reports that the most common elder fraud schemes reported to IC3.gov in 2023 were "tech support scams, confidence and romance scams, investment scams, and government impersonation ...
Overall, there was a 14% increase in elderly victims filing complaints and the Federal Trade Commission (FTC) reported that adults over age 60 lost over $1.6 billion to all types of scams last ...
Elder financial abuse is a type of elder abuse in which misappropriation of financial resources or abusive use of financial control, in the context of a relationship where there is an expectation of trust, causes harm to an older person. The Older Americans Act of 2006 defines elder financial abuse, or financial exploitation, as “the ...
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".
Asking for Money. This scam is big on WhatsApp. You’ll receive a text that appears to be from your child or grandchild: “Hey Gran, it’s me. I lost my phone and am using a friend’s.”. It ...
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.
Stay informed about common scams — Learn about the latest scams targeting older adults, such as fake lottery winnings, grandparent scams, or tech support scams. Share that information with older ...