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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 ...
In 2023, banks reported more than $27 billion in suspicious activity related to elder scams, according to the Financial Crimes Enforcement Network, and ... 6 Scams Every Older American Should Know ...
"Scams targeting individuals aged 60 and older caused over $3.4 billion in losses in 2023 − an increase of approximately 11% from the year prior," an FBI news release reads. "The average victim ...
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 ...
Worthless "sweepstakes" that elderly persons must pay in order to collect winnings; A 1996 study by AARP [5] found that while individuals over 50 comprised 35% of the American population, they accounted for 57% of all fraud victims (AARP, 1996). Seniors' level of vulnerability to this type of exploitation varies by the type of scam.
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 ...
Tribune. Aug. 6— (StatePoint) Scammers are getting better at what they do all the time. According to the Data Book, Americans reported losing $10 billion to scams in 2023, a full $1 billion more ...
According to AARP (American Association of Retired Persons), popular scams targeting older adults in 2023 include COVID-19 fraud, bills for diabetes supplies, flimsy medical equipment sales, bogus ...