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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 ...
Senior woman using mobile phone and credit card in a coffee shop. Elder financial scams are skyrocketing, with suspected fraud against seniors up nearly 50 percent in 2023, according to Thomson ...
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 ...
Most scams targeting elders generally follow one or two main strategies: 1) elicit strong feelings and apply a sense of urgency to get someone to act quickly before thinking, and/or 2) entice ...
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.
Learn More: 6 Genius Things All Wealthy People Do With Their Money. ... Think Scammers Only Target Seniors? 4 Money Scams Gen Z Needs To Look Out For. Show comments. Advertisement.
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".
In 2022, the total number of fraud complaints received from seniors was 88,262, according to the FBI’s Elder Fraud Report. Total losses of $3.1 billion were reported — a whopping 84% increase ...