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Seniors lose more money by far to scams than any other demographic, with the median loss totaling $350, the Better Business Bureau found. And not surprisingly, there has also been a tide of ...
April 30, 2024 at 3:54 PM. The FBI says 2023 was another big year for scammers swindling seniors. The new ‘Elder Fraud Report’ released Tuesday says those over 60 lost billions at the hands of ...
The FBI's report on fraud schemes targeting the elderly found that Americans over 60 lost more than $3.4 billion to scams in 2023, with tech support and data breaches the most common.
The Older Americans Act of 2006 defines elder financial abuse, or financial exploitation, as “the fraudulent or otherwise illegal, unauthorized, or improper act or process of an individual, including a caregiver or fiduciary, that uses the resources of an older individual for monetary or personal benefit, profit, or gain, or that results in ...
The blessing scam, also called the ghost scam or jewelry scam, is a confidence trick typically perpetrated against elderly women of Chinese origin. The scam originated in China and Hong Kong and victims have fallen to it worldwide including in Chinatowns and overseas Chinese communities. The object of the scam is to persuade the victim to put ...
HOPKINTON — A New York man is alleged to have scammed an elderly resident out of $10,000 and tried to get even more money before police arrested him Thursday, authorities said.. Police arrested ...
The Spanish Prisoner scam—and its modern variant, the advance-fee scam or "Nigerian letter scam"—involves enlisting the mark to aid in retrieving some stolen money from its hiding place. The victim sometimes believes they can cheat the con artists out of their money, but anyone trying this has already fallen for the essential con by ...
Troy PD is investigating a cyber crime trying to help an elderly man get back some of the $460,000 he was scammed out of. Hancock says the scam began in October of 2023 and lasted until last month.
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