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in General Elder Fraud
finance.yahoo.com
· 2026-08-24
Fraudsters are using artificial intelligence to scan obituaries and target grieving widows with elaborate scams, including one case where a widow was told she owed $7,000 to cover her late husband's supposed tax evasion scheme. AI enables scammers to quickly extract personal information from public obituaries and generate convincing deepfake communications to create phishing campaigns at scale. Elderly Americans aged 60-plus reported $7.7 billion in cyber fraud losses in 2025, with recently widowed individuals particularly vulnerable due to grief and the financial chaos of settling estates.
sarawaktribune.com
· 2026-08-24
Sarawak has experienced a surge in sophisticated financial scams powered by artificial intelligence and social engineering, with commercial crime cases rising 41.79% to 2,134 cases in the first five months of 2024, resulting in losses exceeding RM71 million. Recent victims include a Kuching woman who lost RM145,247 to a fake job offer, a Miri man who lost RM367,300 to a fraudulent investment scheme, and another individual who lost RM287,000 to a fake stock investment scam. Nationally, Malaysians lost RM2.8 billion to financial scams in 2024, with experts warning that AI-enabled
thesenior.com.au
· 2026-08-24
Cybercriminals are increasingly using AI to conduct convincing superannuation scams in Australia, with Australians losing $22 million to superannuation-related scams in 2025 at an average loss of $88,736 per victim. AI enables scammers to create sophisticated fake websites, messages, and endorsements that appear legitimate, while using personalized panic-inducing messages to pressure targets into quick decisions. Experts recommend pausing before acting on financial requests, verifying through official channels, using strong passwords with multi-factor authentication, and protecting primary email and phone accounts that serve as gateways to financial accounts.
arstechnica.com
· 2026-08-24
Taiwan has indicted nine people, including an Nvidia senior manager and Supermicro employees, for forging documents to illegally export high-end AI servers to China in violation of US export controls. The scheme involved falsifying records to conceal that 74 of 130 B300 servers were delivered to Chinese customers, while 56 additional servers bound for China were intercepted by customs officials. This case follows the March arrest of Supermicro co-founder Wally Liaw for allegedly funneling $2.5 billion in restricted AI servers to China since 2024.
khaleejtimes.com
· 2026-08-23
Jay Sunilbharthi Goswami, 21, an Indian citizen, was arrested on charges of wire fraud and money laundering after acting as a "money mule" in an elder fraud scheme targeting elderly victims in New York and New Jersey. In at least nine instances, Goswami collected cash and gold from victims aged 59 to 87 who had been deceived into believing their bank accounts were compromised, resulting in total losses of approximately $7.56 million. He was apprehended while attempting to flee to Qatar through Canada after his initial court appearance in August 2026 and faces extradition to the United States.
mychesco.com
· 2026-08-23
A 35-year-old man was arrested after scamming an Upper Chichester resident through impersonations of Microsoft, Citizens Bank, and the FBI, threatening arrest for money laundering to extort $40,000. The victim became suspicious and contacted authorities before withdrawing any money, preventing the loss. The suspect, Jian Jian Yu, faces multiple charges including financial exploitation of an older adult, theft, and fraud.
ground.news
· 2026-08-23
Jay Sunilbharthi Goswami, a 21-year-old Indian national, was arrested at Toronto Pearson International Airport while attempting to flee after being released on pretrial conditions, accused of serving as a courier in an internet- and telephone-based fraud scheme. The scheme targeted elderly residents in western New York and other parts of the United States, totaling approximately $7.5 million in fraudulent losses. Canadian authorities detained Goswami after discovering he had booked a flight to Qatar departing the same evening.
hoodline.com
· 2026-08-23
Leonard Weston Ramey Jr., an 80-year-old fugitive wanted since 1989, is suspected of operating fraudulent investment schemes across multiple states since the 1970s, defrauding investors in Clackamas County, Oregon alone of approximately $600,000 by posing as a stockbroker and creating fake account statements before disappearing when victims requested withdrawals. Ramey, who has used at least 15 aliases and evaded capture for over five decades, was formally charged in Oregon in 2002 with racketeering, money laundering, securities fraud, and aggravated theft, and is now on the FBI's most wanted list.
prameyanews.com
· 2026-08-23
A 21-year-old Indian national was arrested at Toronto Pearson International Airport after allegedly fleeing the United States while on pretrial release for participating in a nationwide elder fraud scheme targeting victims aged 59 to 87. As a "money mule," Jay Sunilbharthi Goswami allegedly collected cash and gold from at least nine elderly victims who lost approximately $7.5 million after being deceived into believing their bank accounts were compromised. Goswami faces charges of wire fraud, money laundering, and related conspiracy charges, with the US Department of Justice working to secure his extradition from Canada.
yahoo.com
· 2026-08-23
Two Indian nationals were arrested in Arkansas during an undercover police sting while attempting to collect $29,500 from an elderly fraud victim as part of a PayPal refund scam. Prashant Gajera and Dharaben Bavadiya, who pleaded guilty and received suspended five-year prison sentences, were functioning as collectors in a scheme that convinces victims money was mistakenly credited to their PayPal accounts and must be returned. The operation coordinated by local police, Homeland Security Investigations, and a scam-baiting group involved handing the suspects a box containing counterfeit currency during a monitored cash pickup.
hoodline.com
· 2026-08-23
A 21-year-old Indian national from Jersey City was arrested at Toronto Pearson Airport after fleeing the U.S. while facing federal charges for his role as a courier in a $7.5 million elder fraud scheme targeting nine victims aged 59-87. Goswami allegedly collected cash and gold from victims who were deceived by scammers posing as government officials claiming their bank accounts or personal information had been compromised. He was released on pretrial conditions on August 17 but crossed into Canada the next day and attempted to board a flight to Qatar before Canadian authorities detained him on immigration grounds.
hoodline.com
· 2026-08-23
A 75-year-old woman recovering from surgery at a San Antonio hospital was allegedly robbed by someone impersonating a credit union employee, with police seeking the public's help to identify the suspect through Crime Stoppers. This incident is part of a larger pattern of elder fraud in San Antonio, where the police department recorded over 330 financial crimes against seniors in 2025, with imposter scams being among the most common tactics. Texas residents over 60 lost $679 million to financial fraud in 2025 across more than 14,400 cases, prompting enhanced legal penalties under state law for crimes targeting elderly victims.
deccanherald.com
· 2026-08-23
Cybercriminals in Bengaluru have shifted from random targeting to strategically profiling high-net-worth individuals—including IT professionals, doctors, financial traders, and entrepreneurs—using social media scraping and dark web databases to execute sophisticated scams like fake investments and digital arrests. A notable case involved a 57-year-old IT professional losing Rs 31.83 crore over six months in a digital-arrest scam, though she delayed reporting for eight months. Investigators attribute the scams' success to victims' high disposable income, societal stigma preventing timely complaints, and the loss of the critical "Golden Hour" window needed to freeze funds before they are laundered offshore.
anz.com.au
· 2026-08-23
This article from ANZ's Scams Awareness Week discusses how scammers increasingly exploit human behavior and emotions through sophisticated tactics and AI-generated content to target Australians across various fraud types including invoice fraud, investment scams, and online marketplace schemes. ANZ's Customer Protection team emphasizes that anyone can become a victim regardless of background, and advises those suspecting fraud to stop transactions immediately, contact their bank, and seek support from trusted contacts and services. The article does not mention specific dollar amounts or particular victims, focusing instead on general prevention strategies and the evolving nature of scam tactics.
rediff.com
· 2026-08-22
A 21-year-old Indian national living in New Jersey was arrested in Canada for allegedly serving as a "money mule" in a multi-million-dollar fraud scheme targeting elderly victims through internet and telephone scams. The perpetrators deceived elderly victims aged 59-87 into liquidating assets and handing over cash and gold, with Goswami collecting valuables from at least nine victims totaling approximately $7.5 million in losses. He faces charges including wire fraud, money laundering, and conspiracy, carrying a maximum 20-year prison sentence.
facebook.com
· 2026-08-22
A McAllen woman's mother fell victim to an in-person Medicare scam earlier this month, prompting a warning about the rising tide of elder fraud affecting seniors nationwide. The FBI reports that billions of dollars are lost to elder fraud annually, with scammers increasingly targeting vulnerable elderly people through Medicare-related schemes.
aetv.com
· 2026-08-22
Kevin Gavin, a 71-year-old Brooklyn handyman, murdered three elderly women (ages 78-83) between 2015 and 2021 in their apartments at a senior housing complex where he also lived, gaining their trust by performing handyman tasks before robbing and killing them. He was arrested in 2021 after being caught using one victim's stolen credit card and pleaded guilty in April 2026 to first-degree murder and three counts of second-degree murder, receiving a 30-year prison sentence. The case highlights the broader problem of elder exploitation, with scammers stealing approximately $3.4 billion annually from older Americans, often going unreported due to victims
cyberguy.com
· 2026-08-22
Scammers build target lists of older Americans during August and September—months before Medicare Open Enrollment begins in October—by purchasing consumer data from marketing companies that sell detailed demographic information filtered by age, income, and homeownership. A case involving Epsilon Data Management illustrated how this targeting works: two employees sold lists to fraudsters who defrauded over 218,000 victims of $23.7 million, leading to a $150 million settlement. Experts warn that by the time scam calls arrive in fall, criminals have already identified and researched their targets, making it crucial for seniors to protect their personal data during the summer months.
krgv.com
· 2026-08-22
A McAllen woman's elderly mother was targeted by a scammer posing as a Medicare representative who called her home and then showed up in person to photograph her Medicare card and obtain signatures on unknown documents. Elder fraud losses have doubled from 2024 to 2025, with Americans 60 and older reporting over 200,000 complaints totaling nearly $7.8 billion in losses, averaging $38,500 per person. The FBI warns that these sophisticated scams often use impersonation and AI technology, and advises the public to verify callers' identities and never provide personal information or move money based on unsolicited contact.
nbcsandiego.com
· 2026-08-22
Two Del Norte High School brothers founded StayCyberSafe, a workshop program that has expanded to approximately 20 chapters worldwide to educate senior citizens about recognizing and protecting themselves from scams. Seniors over age 50 lost $4.8 billion to cybercrime in 2024, highlighting the financial severity of the issue that the workshops address through teaching about social engineering tactics and other scam techniques. The initiative demonstrates the need for community-based fraud prevention efforts, as law enforcement alone cannot manage the thousands of daily scams targeting vulnerable populations.
macombdaily.com
· 2026-08-22
U.S. senior citizens have been scammed out of $700 million this year, with many cases going unreported due to embarrassment, and AI-generated deepfakes are increasingly being used to create fraudulent endorsements, such as fake ads featuring Dr. Mehmet Oz without his consent. The article calls for congressional action to establish laws prohibiting unlawful AI-generated representations in sales and endorsements.
tribuneindia.com
· 2026-08-22
Jay Sunilbharthi Goswami, 21, an Indian national living in New Jersey, was arrested at Toronto Pearson International Airport after fleeing the US while on pretrial release for his alleged role in a $7.5 million elder fraud scheme. He acted as a "money mule," collecting cash and gold from elderly victims aged 59 to 87 across New York and New Jersey who were deceived into believing their bank accounts were compromised. Goswami faces charges of wire fraud, conspiracy to commit wire fraud, money laundering, and conspiracy to commit money laundering, with a maximum penalty of 20 years in prison.
ncoa.org
· 2026-08-22
A Washington man received a 30-month federal prison sentence for stealing a Vietnam veteran's identity to fraudulently obtain VA benefits over decades, while a New Hampshire man was indicted for defrauding an older veteran of $225,000 through bank and mail fraud. According to the FTC, fraud reports from servicemembers, veterans, and their families totaled approximately $584 million in 2024, with scammers exploiting veterans' trust in VA institutions and their predictable benefit payments through schemes including disability benefit fraud, VA home loan scams, and job scams.
oaklandcounty115.com
· 2026-08-22
The Beverly Hills Department of Public Safety is hosting a free educational presentation on August 22nd at 10am designed to help older adults and seniors recognize common scams, protect personal information, and avoid fraud and identity theft. The presentation welcomes all attendees and will cover today's most prevalent scams targeting older adults, with a second session offered if needed.
freepressjournal.in
· 2026-08-22
Jay Sunilbharthi Goswami, a 21-year-old Indian national, was arrested at Toronto Pearson International Airport after fleeing the United States while on pretrial release in a $7.5 million elder fraud case. Goswami allegedly acted as a "money mule" in a nationwide phone and internet scam that targeted elderly victims aged 59-87 in New York and New Jersey, frightening them into liquidating their assets and collecting approximately $7.6 million in cash and gold across at least nine instances. He faces charges including wire fraud, conspiracy to commit wire fraud, and money laundering, with a maximum penalty of 20 years in prison.
facebook.com
· 2026-08-22
The FBI reports that elder fraud cases are rising with billions of dollars lost annually, with a McAllen family recently becoming victims of an in-person Medicare scam targeting an elderly mother. The article highlights the growing threat of elder fraud and provides FBI guidance on steps victims should take if they are targeted by such schemes.
dallasexpress.com
· 2026-08-22
Jay Sunilbharthi Goswami, a 21-year-old Indian national, was detained at Toronto Pearson International Airport while attempting to flee to Qatar after being released on pretrial conditions, following his arrest for serving as a courier in an elder fraud scheme. The scheme allegedly targeted nine victims aged 59-87 through fraudulent phone and internet calls impersonating law enforcement, pressuring them to convert assets to cash or gold, resulting in losses totaling approximately $7.56 million. Goswami faces charges of wire fraud, conspiracy to commit wire fraud, money laundering, and conspiracy to commit money laundering, with each charge carrying a maximum 20-year prison sentence.
m.rediff.com
· 2026-08-22
A 21-year-old Indian national, Jay Sunilbharthi Goswami, was arrested in Canada while attempting to flee to Qatar after being charged in the US for his role as a "money mule" in a multi-million-dollar fraud scheme targeting elderly victims. Goswami allegedly collected cash and gold from at least nine victims aged 59 to 87 across New York and New Jersey, resulting in approximately $7.5 million in losses. He faces charges including wire fraud, money laundering, and conspiracy, with a maximum penalty of 20 years in prison.
aol.com
· 2026-08-22
A 22-year-old Fresno man was arrested in San Francisco after targeting an elderly Redwood City resident in an AppleCare impersonation scam, where he posed as tech support and instructed her to withdraw cash for a courier to collect. Police prevented the fraud by coordinating with the victim and using license plate reader technology to locate the suspect's vehicle before any money was transferred. Sartaj Singh was booked on suspicion of financial elder abuse, attempted grand theft, and conspiracy to commit a crime.
military.com
· 2026-08-21
According to new research, 27% of veterans have lost money to cyber scams, with military members, veterans, and their families collectively losing $684 million to fraud in 2025. Scammers typically impersonate VA officials or military organizations using high-pressure tactics and military-related language to exploit veterans' trust, with schemes including fraudulent benefit offers, fake disability payment exchanges, and fraudulent charities claiming to support service members. The VA recommends veterans verify communications through official channels and report suspected fraud through VSAFE (1-833-38V-SAFE), the FTC, or the FBI's Internet Crime Complaint Center.
novanews.co.za
· 2026-08-21
Port Alfred police hosted a fraud awareness campaign for over 70 senior citizens on August 19 to address a reported surge in sophisticated imposter scams targeting elderly residents' life savings. The event, conducted in collaboration with Absa bank, educated seniors on psychological tactics used by fraudsters and covered telephone scams, fraudulent messages, and online phishing. Police emphasized that criminals exploit seniors' politeness and courtesy, and stressed that legitimate banks never request PINs, passwords, or urgent fund transfers over the phone.
bhaskarenglish.in
· 2026-08-21
Uttar Pradesh faces a severe cyber fraud crisis, with over ₹100 crore lost monthly across more than 2.5 lakh complaints, though only 1,040 FIRs were registered in seven months. Four major scam types exploit fear, greed, romance, and sympathy: digital arrest scams (23% of losses), fake investment schemes (32% of cases), sextortion through nude video calls, and account impersonation, with victims ranging from educated young people to senior citizens losing a combined ₹720 crore, though timely intervention recovered ₹242 crore.
macaudailytimes.com.mo
· 2026-08-21
A middle-aged woman in Macau lost MOP460,000 in a romance scam when a man posing as a retiring Chinese military officer convinced her to invest in a fake "China Aerospace" metal investment platform through cryptocurrency transfers in June and July. The scammer disappeared in August without providing any investment returns, and police are investigating to identify the fraudster and trace the stolen funds. In a separate case, authorities arrested a mainland Chinese man for conducting illegal currency exchange operations near the ZAPE district, seizing HKD24,400 in cash.
chroniclet.com
· 2026-08-21
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gulfcoastnewsnow.com
· 2026-08-21
A Naples elderly resident lost $10,000 after being contacted by scammers impersonating government officials who convinced the victim to withdraw cash and ship it overnight to California. The Naples Police Department's Cyber Crimes Unit successfully intercepted the package in transit with assistance from UPS and California law enforcement, recovering the full amount before it reached its destination. The case highlights the importance of recognizing pressure tactics and government impersonation as red flags, as recovering funds after fraud is typically extremely difficult.
dailyhodl.com
· 2026-08-21
A North Kingstown, Rhode Island elderly woman with dementia was targeted by tech support scammers who used a fake police pop-up warning to gain remote access to her computer and bank account, stealing thousands of dollars. After remotely compromising her finances, the suspects appeared in person at her home claiming to offer technical support, and the fraud was discovered when a bank teller noticed unusually large withdrawals. Police describe this as a targeted scheme involving multiple cash drop-off points and are seeking an Asian male suspect, emphasizing the importance of verifying urgent claims directly with banks rather than trusting unsolicited callers.
hoodline.com
· 2026-08-21
Former Fidelity broker Eric James Stone was sentenced to six years and eight months in prison for defrauding a 75-year-old client of over $2 million through 613 fraudulent transactions over three years, using fake email accounts and fabricated legal threats to pressure continued payments. Stone, who had been terminated from Fidelity in 2021 for soliciting personal loans from clients, spent the stolen funds on foreign gambling websites, cryptocurrency, travel, and personal debts, moving money through Zelle, PayPal, wire transfers, and Bitcoin wallets. He was ordered to pay $2,037,103 in restitution to his victim.
firstalert4.com
· 2026-08-21
Ameren Illinois is educating seniors about utility scams, which are among the most common fraud schemes targeting older adults, particularly during severe weather seasons. The utility company held an awareness event at a community center to help seniors recognize red flags and learn how to protect themselves from these schemes.
firstalert4.com
· 2026-08-21
Ameren Illinois is launching an initiative to help seniors recognize and avoid utility scams, where fraudsters impersonate company representatives to demand immediate payment or threaten service shutoffs. The program educates vulnerable populations about common scam tactics used by criminals targeting older adults through threatening calls and texts.
cuinsight.com
· 2026-08-21
Arrowhead Credit Union hosted fraud and scam prevention education sessions at Congresswoman Linda Sánchez's 20th Annual Senior Fair in Rancho Cucamonga, reaching approximately 900 attendees with information on recognizing common scams targeting older adults. According to the Internet Crime Complaint Center, seniors ages 60+ reported over $7.7 billion in losses in 2025—a 37% increase from 2024, with the average loss exceeding $38,000 per victim. The presentations covered phishing tactics, impersonation scams, romance scams, and protective strategies including ID protection and digital banking safety.
hoodline.com
· 2026-08-20
A 31-year-old Miami woman was arrested in Martin County after posing as a bank representative to defraud an elderly victim in a classic bank imposter scam targeting seniors. Moniquie Love Turnbull was caught during a traffic stop with $3,200 in cash hidden on her body, and faces felony charges including scheme to defraud, fraudulent use of credit cards against a victim over 60, and contraband smuggling into jail. Investigators believe she may have targeted multiple victims and are investigating whether she was working as a courier for a larger fraud operation.
kyma.com
· 2026-08-20
GLP-1 weight loss medication scams are proliferating online, with the BBB Scam Tracker reporting numerous complaints involving unauthorized charges, non-delivery of products, and fraudulent deepfake celebrity endorsements. Victims have lost hundreds of dollars through fake websites, compounded medication sellers, and AI-generated videos falsely promoting weight loss products by trusted figures like Oprah Winfrey and Dr. Mark Hyman. Common schemes include unauthorized billing ($91 instead of $40, repeated $670 charges), failed refunds despite approval, and receiving products that don't match advertised ingredients or are never shipped.
douglasnow.com
· 2026-08-20
Johnny Wendell Tarrant, 32, of West Green, was arrested and faces 37 counts after allegedly stealing an elderly family member's debit card, linking it to his personal accounts, and conducting 36 unauthorized transactions totaling approximately $3,095. Tarrant is charged with 36 counts of Financial Transaction Card Fraud and one count of Exploitation of an Elder Person under Georgia law. The case highlights the importance of monitoring bank accounts for suspicious activity, particularly among elderly individuals and their families.
wausaupilotandreview.com
· 2026-08-20
A Cedarburg woman, Ramona Bartell, had felony elder fraud charges dismissed in July 2024 after paying restitution to resolve a case involving the theft of over $571,000 from an elderly woman's accounts between 2014 and 2017. The case, which had been pending for more than six years, involved allegations that Bartell and co-defendant Melissa Stark used the vulnerable victim's accounts for unauthorized purchases including designer goods, Disney products, and timeshares while Stark held power of attorney. A co-defendant, Stark, was previously convicted in 2022 and ordered to pay over $275,000 in restitution.
kotaradio.com
· 2026-08-20
Scammers exploit information shared in family group chats—combined with data available on public records sites—to impersonate relatives and conduct fraud against seniors, with criminals using personal details like travel plans, job information, and even voice clones created from family audio clips. In 2024, 72% of elder fraud cases totaling $4.2 billion in losses were enabled by victims' personal data being available online, with common scams including grandparent schemes where callers claim to be stranded relatives needing bail money or emergency assistance.
13abc.com
· 2026-08-20
Vedantkumar Bhupenbhai Patel, a 25-year-old University of Toledo student, pleaded guilty to scamming an elderly Michigan couple out of $50,000 through a fake credit card fraud alert scheme. Patel posed as a government official and convinced the couple to withdraw cash for a supposed Treasury Department pickup, then drove to collect the money and allegedly transferred it to India. He is under investigation in at least two additional elder scams and was arrested in April 2025 with ICE placing a detainer on him.
nanaimobulletin.com
· 2026-08-20
Literacy Central Vancouver Island is seeking over $35,000 in federal funding to continue its digital literacy program for seniors, which includes training on identifying online scams and fraud prevention. The organization previously delivered 35+ workshops and 200+ one-on-one sessions to 300+ seniors, and plans to expand offerings across Vancouver Island while adding new courses on artificial intelligence, cybersecurity, and online safety.
aol.com
· 2026-08-20
A viral video using artificial intelligence falsely claims that senior homeowners are entitled to a nonexistent federal "Senior Homeowner Tax Review Request" form and property tax relief program, prompting the Stark County Auditor's Office to receive multiple daily inquiries from elderly residents traveling to request the fake form. The scam targets older Ohio residents by exploiting concerns about rising property taxes, with officials warning that no such federal program exists and urging residents to verify information only through official government sources. Legitimate property tax relief programs like the Homestead Exemption do exist, and residents should contact their county auditor's office directly for accurate information rather than responding to unverified online content.
tovima.com
· 2026-08-20
An elderly woman in Pella, Greece was defrauded of €15,000 and three gold coins in a phone scam where perpetrators posed as a threatening criminal and a protective police officer. The scammers convinced the victim to hand over her money and valuables to an accomplice, though one suspect was arrested and police continue investigating other gang members. Greek authorities warn the public against trusting unknown callers claiming official roles and advise immediate reporting of such attempts.
singaporelawwatch.sg
· 2026-08-20
Singapore has implemented new regulations requiring social media platforms (Facebook, Instagram, and TikTok) to verify advertiser identities and block ads from unlicensed financial services firms to combat online scams, though experts caution that consumers must remain vigilant as scammers may impersonate legitimate companies. While scam losses fell to $913.1 million in 2025 from a record $1.1 billion in 2024, the new rules—effective January 31, 2027—also require messaging services to display message origins and restrict unknown contacts from adding users to group chats, common tactics used in investment fraud schemes.