Elder Fraud in Indiana

Cryptocurrency kiosks located in convenience stores and gas stations have become the primary collection point for impersonation scams, with the FBI logging 13,460 complaints in 2025 resulting in approximately $389 million in losses, with roughly two-thirds of victims over age 60. While federal law treats kiosk operators as money services businesses subject to FinCEN registration and anti-money-laundering requirements, state regulation is highly fragmented, ranging from outright bans (Indiana, Tennessee, Minnesota) to licensing regimes with transaction caps and fraud protections to complete absence of oversight (such as in Texas, which leads the nation in reported losses). The regulatory inconsistency means operators face vastly

Texans lost approximately $57 million to cryptocurrency kiosk scams in 2025, primarily targeting elderly victims who are tricked into depositing cash into crypto ATMs to send funds to scammers' wallets. Texas lawmakers plan to ban crypto kiosks entirely, joining Indiana, Tennessee, and Minnesota in prohibiting the machines, as three states have already enacted or scheduled bans to take effect between March and August 2026. The scam typically involves fraudsters contacting victims with urgent stories about unpaid taxes or compromised accounts, directing them to withdraw cash and convert it to cryptocurrency that cannot be recovered once transferred.

Seniors lost over $3 billion to scams in 2025 alone, with many cases going unreported and investigations hampered by limited law enforcement resources. The National Police Association is endorsing the STOP Scams Against Seniors Act (S. 4821 / H.R. 6426), a bipartisan federal bill that would allow local, state, and federal law enforcement agencies to pool resources and establish task forces specifically targeting elder fraud, while also providing victim support services. If you're a senior or know one, staying alert to common scam tactics and reporting suspected fraud to the FTC (reportfraud.ftc.gov) can help protect against these crimes while authorities work to strengthen enforcement efforts.

# Summary A 39-year-old Chinese national, Didi Zou, was arrested in June for allegedly orchestrating a sophisticated internet fraud scheme that defrauded an elderly Buffalo-area woman of $360,000 in life savings and inherited assets. Using fake Microsoft security alerts and posing as an IRS agent, Zou tricked the victim into transferring $20,000 in cash and gold coins/bullion to "protect" her funds from supposed hackers. Zou faces federal charges of wire fraud and conspiracy to commit money laundering and was ordered held in custody pending trial.

An elderly Indiana man lost his home to title theft while hospitalized when a former caregiver fraudulently changed the property records, but local police refused to file a report, claiming it was a civil matter rather than a crime. The incident highlights a broader problem of elder fraud cases going unreported and unaddressed in Indiana, with courts and prosecutors reportedly too overwhelmed to handle these crimes effectively. Seniors should protect themselves by monitoring property records, keeping legal documents secure, carefully vetting caregivers, and contacting Adult Protective Services or state authorities if they suspect fraud rather than relying solely on local police.

The Federal Trade Commission is warning consumers about a resurgent mail scam in which fake "law firms" claim recipients have unclaimed insurance money from a deceased person with the same last name. The scam aims to trick people into calling a phone number where scammers request personal information like Social Security numbers and bank account details, with the FTC suspecting AI is being used to make the fraudulent letters appear legitimate. If you receive such a letter, do not call the number—instead, discard it or report it to the FTC, as no actual money exists and the entire scheme is designed to steal your personal and financial information.

Federal prosecutors in Indiana have established a new Fraud Task Force and convened 20 law enforcement agencies to crack down on fraud targeting taxpayer-funded programs, cybercrime, and predatory schemes across the state. The initiative, part of a nationwide White House effort, has already resulted in charges or prison sentences against 19 individuals in 2026, including convictions in a $1.2 million travel insurance scheme and a $500,000 elder fraud case. Citizens should be aware that fraud investigations and prosecutions are expected to increase, and they can protect themselves by reporting suspicious activity involving federal benefit programs or targeting vulnerable populations like the elderly.

Multiple U.S. states, including North Carolina and Maryland, are expanding bank powers to combat rising financial exploitation of older adults by allowing financial institutions to temporarily freeze suspicious transactions for up to 30 days and notify authorities when fraud is suspected. Elder financial abuse costs older Americans approximately $28.3 billion annually through sophisticated scams involving impersonation, romance schemes, and AI-generated communications, prompting these legislative changes to provide protection before victims suffer irreversible losses. Older adults should remain vigilant about unsolicited financial requests, verify contact information independently before responding to urgent money requests, and consider designating a trusted contact with their bank who can be alerted to suspicious activity.

Shayna Williams, a 51-year-old Westfield woman, pleaded guilty to wire fraud for a six-year scheme in which she deceived an elderly woman and her friend out of $672,086 by fabricating injuries and medical expenses from a car accident, even impersonating insurance agents via text to make false reimbursement promises. The victim was severely impacted, forced to take out personal loans, work as a delivery driver, obtain a second mortgage, and borrow money from friends, while Williams spent the stolen funds on restaurants, travel, and gambling. People should be cautious of unsolicited medical or insurance communications, verify claims directly with official company phone numbers, and be especially protective of elderly relatives who may be vulnerable to such long-term manipulation schemes.

A 73-year-old retired social worker lost her entire $300,000 retirement savings to scammers who impersonated Microsoft Tech Support and her investment firm, using psychological manipulation and fear tactics about hacking and child pornography to convince her to transfer funds. Fraud targeting seniors has surged 300% since 2020, with gold courier scams becoming so prevalent they're now their own FBI crime category, and victims should remember that no legitimate government agency will ever request payment via gold, cash, gift cards, or cryptocurrency. To protect yourself, verify unexpected calls independently by hanging up and calling official numbers directly, and work only with certified fiduciary financial advisors who are legally required to put your interests first.

A 73-year-old retired social worker lost her entire $300,000 retirement nest egg to an elaborate scam that began with a fake Microsoft security warning and escalated through coordinated psychological manipulation by fake tech support and investment fraud representatives. The scammers used fear tactics—falsely claiming she was involved in illegal activity—to coerce her into liquidating her assets, buying gold coins, and handing them to a courier, with her bank failing to intervene despite the highly unusual transactions. To protect yourself, be extremely skeptical of unsolicited pop-ups or calls claiming security issues, never transfer large sums based on phone conversations alone, and always verify requests directly with your financial institution using official contact numbers rather than those provided by the caller.

# Summary IRIS C2, a cybersecurity startup offering million-dollar payouts for zero-day software exploits, is operated by Jack Burkman and Jacob Wohl, convicted felons with a history of running fraudulent schemes including fake intelligence companies and illegal robocall campaigns. The pair, who have previously faced multiple felony charges, state prosecutions, and FCC fines totaling $5.1 million for election interference and voter suppression, are now positioning themselves as legitimate cybersecurity contractors while operating under corporate aliases. The startup's true ownership and intentions raise significant concerns about potential misuse of acquired security vulnerabilities.

San Antonio residents lost approximately $39 million to scams between January 2024 and April 2026, primarily targeting older adults through fake law enforcement calls demanding Bitcoin ATM deposits. The city has passed an ordinance requiring bilingual warning signs at all 660 crypto kiosks, effective July 1, to alert users about common scam tactics and encourage them to call 911 if pressured to send money. Residents should be aware that legitimate government agencies will never demand immediate payment via cryptocurrency, and they should hang up and independently verify any urgent payment requests before using ATMs.

Pennsylvania State Police are warning residents about a phone scam where fraudsters pose as Comcast representatives and offer bill discounts to trick people into sharing credit card information. An Indiana County man nearly became a victim when he provided his card details to a scammer, though his credit card company caught and blocked the fraudulent transaction. To protect yourself, never give personal or financial information to unsolicited callers—instead, independently verify any offers by contacting the company directly using official contact information.

Cryptocurrency ATM scams have exploded dramatically, with the FTC reporting a 1,000% increase in losses between 2020 and 2023 and $388 million lost in 2025 alone, primarily targeting older adults over 60 who are tricked by scammers impersonating officials into depositing cash. To combat this trend, some states have banned crypto ATMs or imposed transaction limits, and Senator Durbin introduced federal legislation requiring operator registration, customer verification, and fraud warnings. Consumers should never deposit cash into crypto ATMs when requested by someone claiming it's for "safekeeping" or service payments, as these requests are always scams.