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newarkadvocate.com
Fraud cases are rising significantly across Ohio, with the Ashland Police Department reporting a 62% increase in fraud and forgery cases, while the FBI documented a 14% increase in fraud allegations against older adults in 2023, resulting in average losses of $33,915 per victim and over $3.4 billion in total losses. Scammers target all demographics—including business professionals and online daters—using tactics such as requesting gift card payments, threatening account hacks, and romance manipulation. Police recommend avoiding unsolicited money transfers to unknown individuals, using buyer-protected payment services, recognizing deals that seem too good to be true, and contacting local police if feeling uneasy
theintelligencer.net
The U.S. Attorney's Office for the Northern District of West Virginia hosted a financial crimes conference in Wheeling to educate bank officials, credit union staff, and other financial professionals on identifying and preventing fraud targeting vulnerable populations. The conference covered multiple fraud types affecting West Virginians, including elder financial abuse (subdivided into "elder thefts" by known individuals and "elder scams" by strangers), romance scams, and money laundering, with federal law enforcement and prosecutors sharing current trends and investigation insights. The training emphasized helping financial professionals recognize suspicious activity, properly file reports, and understand why victims—particularly elderly and trusting West Virginians—often resist warnings about ongoing scams.
yahoo.com
A 91-year-old Rockland woman became a victim of credit card fraud when over $3,000 in fraudulent charges from Texas energy companies appeared on her statement in late 2022, shortly after she vacationed in Florida. Her daughter spent more than a year attempting to dispute the charges with Citibank, but the case was closed due to insufficient information, highlighting challenges elderly fraud victims face in resolving disputes. The incident reflects a broader trend in Massachusetts, where residents over 60 lost over $70 million to fraud in 2022, with seniors being significantly more vulnerable to online scams, investment fraud, and imposter schemes.
wtov9.com
The U.S. Attorneys' offices for West Virginia's Northern and Southern districts hosted a Bank Secrecy Act and Anti-Money Laundering Conference in Wheeling to educate banking officials, compliance officers, and other financial professionals on identifying and preventing money laundering, elder financial exploitation, and romance scams. The conference featured panels with FBI agents, IRS agents, and federal prosecutors discussing strategies to better protect older West Virginians, with particular focus on the challenge of preventing victims from sending additional money to their exploiters. Officials noted an uptick in elder financial exploitation cases across the region and committed to improving protective measures.
highlandcountypress.com
**Article:** "Raising awareness about fraud targeting seniors"
The FBI reported seniors lost $3.4 billion in 2023, an 11-percent increase from 2022, through scams including romance fraud, fake tech support, cryptocurrency schemes, and investment fraud. The article outlines six warning signs of scams and provides guidance on prevention measures and reporting channels, including contacting local police, the FTC, FBI's Internet Crime Complaint Center, and the U.S. Postal Inspection Service.
timesnownews.com
A 41-year-old businessman in Nagpur lost Rs 87 lakhs (approximately $104,000 USD) to an online investment scam after accepting a Facebook friend request from a fraudster posing as "Jesleen Prasad" who promoted fake trading on a counterfeit New York Stock Exchange platform (newyorkstockexchangev.top). The scammer initially showed small investment gains to build trust, then persuaded the victim to invest large sums (Rs 30 lakhs and Rs 57 lakhs) before the account was frozen and additional payment demanded, ultimately resulting in a police complaint filed with Nagpur's Lakadganj police station.
crypto.news
An anonymous victim lost approximately $1.1 million to two pig-butchering romance scams between January 2021 and December 2022, where scammers posed as a romantic interest and investment advisor on Facebook to manipulate the victim into transferring funds for false business opportunities and cryptocurrency investments. The US government has filed a forfeiture complaint to seize nearly $200,000 in Tether (USDT) held on Binance that was traced to the scam and converted by suspect Izuchukwu Henry Okolo, with the funds now in FBI custody. Pig-butchering scams use romantic relationships and false investment promises to gain victims' trust
steinbachonline.com
**Jewelry Scam Alert - Southern Manitoba**
Steinbach RCMP is warning the public about a resurgent roadside jewelry scam where fraudsters pose as stranded motorists selling jewelry at discounted prices, claiming car trouble or financial hardship. One victim purchased a gold ring for $200 from a scammer claiming to be a stranded traveler from Dubai along Provincial Road 311; similar incidents have been reported across southern Manitoba with vehicles bearing out-of-province license plates, and authorities advise the public never to purchase items roadside or feel pressured into transactions.
cointelegraph.com
The U.S. Federal Trade Commission issued a consumer warning about romance scams involving cryptocurrency, in which scammers build emotional relationships with victims over time before convincing them to invest in crypto schemes with false promises of guaranteed profits and expert guidance. The FTC noted these scammers have stolen millions of dollars and advised consumers to watch for warning signs such as promises of large returns, guaranteed risk-free investments, and requests to send money. Canada's Anti-Fraud Centre similarly reported a surge in crypto romance scams on dating apps and social media, urging consumers to be cautious of online contacts promoting cryptocurrency investments.
crypto.news
The U.S. Federal Trade Commission issued a warning about the rise of "romance scams" (also called "pig butchering scams"), in which scammers pose as romantic interests to trick victims into making fraudulent cryptocurrency investments, with over $75 billion lost to these schemes between January 2020 and February 2024. The FTC advised that scammers establish emotional connections, conduct background checks on victims, promise unrealistic risk-free returns, and disappear after obtaining funds, and recommended that victims cut off contact and report incidents to the FTC. Notable cases include a Philadelphia woman who lost $450,000 in 2024 and crypto exchange Debiex, which allegedly solicite
cryptobriefing.com
The Federal Trade Commission has warned consumers about crypto romance scams, where fraudsters pose as romantic interests on social media, build emotional connections, and then pressure victims to invest in cryptocurrency with promises of guaranteed high returns. Scammers use untraceable payment methods like gift cards and crypto transfers, with victims reporting losses ranging from thousands to millions of dollars. The FTC advises people to disconnect from suspected scammers immediately and report them to both the social media platform and the FTC at ReportFraud.ftc.gov.
yahoo.com
A 91-year-old Rockland woman became a victim of credit card fraud in late 2022 when over $3,000 in unauthorized charges from Texas energy companies appeared on her statement after a Florida vacation, though her family's dispute with Citibank was closed due to insufficient information. The case highlights a broader problem: Massachusetts residents over 60 lost over $70 million to fraud in 2022, with seniors 517 percent more likely to fall victim to online tech support scams than younger adults. Experts recommend families monitor elderly parents' financial accounts closely and discuss common scam tactics, including requests for unusual payment methods and pressure to act quickly.
newportnewstimes.com
Social media scams are currently the most prevalent fraud type, surpassing phone and text fraud. The article identifies four common tactics: giveaway scams requiring personal information or suspicious link clicks, investment scams promising unrealistic returns, fake shopping deals with pressure tactics and unusual payment requests, and impersonation scams where fraudsters pose as trusted contacts requesting urgent financial assistance. Protection strategies include verifying account authenticity, avoiding unsolicited offers, using secure payment methods, enabling two-factor authentication, and confirming unexpected requests through independent contact channels.
says.com
Deepfake videos featuring former Malaysian badminton champion Datuk Lee Chong Wei are circulating on social media promoting fake investment schemes. Lee warned the public to verify claims through his official social media accounts and advised remaining vigilant against "too good to be true" offers, noting that fellow shuttler Lai Pei Jing lost most of her life savings to a similar bogus investment scheme. Lee is collaborating with Malaysian authorities to combat scams, which resulted in RM1.218 billion in losses from 34,497 reported cases in 2023.
capitalgazette.com
Maryland policymakers held a public awareness event warning older residents about financial fraud, which affected 1,985 adults age 60+ in the state last year. A 79-year-old Montgomery County woman lost over $500,000 to an FBI imposter scam involving fake fentanyl trafficking investigations, experiencing severe physical and psychological health consequences. State officials announced expanded protections for seniors and encouraged fraud victims to report incidents to law enforcement at 833-372-8311, emphasizing that reports help build cases against scammers targeting vulnerable populations nationwide.
crapo.senate.gov
In 2023, seniors lost $3.4 billion to scams, an 11 percent increase from 2022, prompting Senator Mike Crapo to co-sponsor a unanimously passed Senate Resolution to combat elder fraud. Common scams targeting older Americans include romance schemes, fraudulent tech support, cryptocurrency conversion fraud, and investment scams, with warning signs including unexpected contact with pressure to act quickly, requests for personal information, and demands for untraceable payments. The Idaho Attorney General's office and other agencies provide educational resources and encourage seniors to report fraud without shame, noting that scammers are sophisticated and victims should contact law enforcement, their financial institutions, and relevant agencies rather than remaining silent due to
justice.gov
The U.S. Attorney's Office for the Eastern District of North Carolina recognized World Elder Abuse Awareness Day (June 15) by partnering with law enforcement agencies, AARP, Meals on Wheels, and the FBI to combat elder fraud through community education. The office hosted three public outreach events in Raleigh, Wake Forest, and Supply to help seniors recognize signs of financial scams and connect them with resources and support services. U.S. Attorney Michael Easley emphasized that seniors are frequently targeted by fraudsters and prioritized prosecuting cases involving elderly victims as part of broader efforts to protect vulnerable populations.
justice.gov
On June 15, 2024, U.S. Attorney Vanessa R. Waldref recognized World Elder Abuse Awareness Day and highlighted that financial exploitation is the most common form of elder abuse, costing older adults an estimated $23 billion annually. The U.S. Attorney's Office has expanded efforts to combat elder fraud through initiatives including the Transnational Elder Fraud Task Force, which targets foreign-based schemes, the Money Mule Initiative to disrupt fraud networks, and Senior Scam Alerts educating the public about common schemes such as Social Security impostor scams, tech support fraud, and lottery scams.
mageenews.com
World Elder Abuse Awareness Day (June 15, 2024) was recognized by the U.S. Attorney's Office for the Southern District of Mississippi to promote awareness of elder fraud and abuse. The Justice Department highlighted common scams targeting seniors—including Social Security impostor schemes, tech support fraud, and lottery scams—and emphasized that information and vigilance, along with partnerships between law enforcement and the public, are key to prevention. Resources like the Transnational Elder Fraud Task Force and Senior Scam Alerts are available to help older individuals and families identify and avoid fraudulent activity.
actionnews5.com
The FBI reported an 11% increase in elder fraud losses in 2023 compared to 2022, with people over 60 losing $3.4 billion nationwide and $43 million in Tennessee alone. Common scams targeting seniors include cryptocurrency investments, tech support fraud, business scams, and romance scams, with scammers exploiting older adults' disposable income and lower proficiency with online services. The FBI advises victims to stop sending money, cut off contact with scammers, and file complaints with the Internet Crime Complaint Center immediately.
baltimoresun.com
Maryland's attorney general and comptroller held a public awareness event in Annapolis to warn older residents about financial fraud risks and prevention strategies. According to AARP data cited in the warning, one in five older adults has fallen victim to fraud schemes, highlighting the widespread nature of this problem in the state.
moneymarketing.co.uk
Fraud affects one in 17 people in the UK and comprises 38% of all crime, according to an Anti-Money Laundering Professionals Forum. The article outlines seven increasingly sophisticated fraud types targeting victims: impersonation fraud (posing as banks or authorities), social media fraud (fake websites and phishing), cryptocurrency investment scams (promising false high returns), courier fraud (impersonating officials to extract money), romance fraud (building fake relationships to steal assets), investment fraud (promoting worthless overseas properties or shares), and payment diversion (using nearly-identical email addresses to redirect payments). Pension providers and authorities must work together to combat these scams through reporting and vigilance.
vancouversun.com
The RCMP and B.C. Securities Commission delivered warning letters to 10 suspected "money mules" on May 29 who were allegedly laundering proceeds from offshore investment scams involving hundreds of thousands of dollars through cash and cryptocurrency transfers. The operation targets individuals who may be unwittingly assisting criminals, willfully ignoring the illegal activity, or knowingly participating in money laundering schemes that originate from Eastern Europe, Africa, and Southeast Asia. British Columbians reported $46.4 million in investment scam losses in 2023, though authorities estimate actual losses are significantly higher, with the true figure likely in the hundreds of millions of dollars.
ca.news.yahoo.com
British Columbia authorities warned 10 suspected "money mules" in Metro Vancouver in late May after the BCSC identified them transferring funds obtained from investment fraud victims, with an estimated hundreds of thousands of dollars involved. Money mules—who may knowingly or unknowingly facilitate money laundering for criminal networks—are recruited through false job offers, romance scams, or false identities, and face potential criminal charges for possession or laundering proceeds of crime. The investigation revealed that organized crime groups behind these investment fraud schemes have shifted from Nigeria and Eastern Europe to primarily southeast Asia since the BCSC began investigating in 2020.
starofmysore.com
Three Mysuru residents lost a combined Rs. 40,42,779 to sophisticated fraud schemes between May and June 2024. The victims included an engineer duped by a fake HDFC Securities investment scam on Instagram/WhatsApp (Rs. 22,58,779 lost), a man impersonated by fake Mumbai Crime Branch officials posing as FedEx and ICICI Bank representatives (Rs. 7,00,561 lost), and another victim defrauded by a fraudulent stock trading website (Rs. 10,84,460 lost). Police have registered cases and advise residents to verify identities before sharing personal information or making financial transactions.
bbc.co.uk
A cybercrime gang operating in Zambia was convicted and sentenced in Lusaka Magistrates Court, with 22 Chinese nationals and one Cameroonian receiving jail terms ranging from 7 to 11 years for orchestrating a sophisticated internet fraud syndicate that targeted victims across Singapore, Peru, the United Arab Emirates, and other countries. The gang members, who worked for the Chinese-run Golden Top Support Services company, used deceptive online conversations via WhatsApp and Telegram, spoofed phone numbers, and recruited Zambian call-center agents to defraud unsuspecting mobile and bank account users; they were each fined $1,500-$3,000
sportskeeda.com
A Counter-Strike 2 player lost over $2,000 worth of in-game skins, including a rare Gamma Doppler Falchion Knife, through an API scam that used a phishing link to fraudulently authorize trades without a trade request or Steam Guard notification. API scams in CS2 work by sending fake links that direct victims to fraudulent Steam pages where scammers collect login credentials and execute unauthorized trades. Community responses included filing Steam support tickets, sharing similar experiences, and emphasizing the importance of verifying API pages and avoiding suspicious links to prevent such theft.
wbtv.com
In 2023, Americans over 60 experienced elder fraud at record levels, with 101,000 complaints filed and estimated losses of $3.4 billion—a 14% increase from 2022, with investment scams being the costliest type of fraud targeting this age group. The FBI urges seniors to avoid unsolicited calls from supposed government agencies, watch for red flags like pressure to act quickly or requests for prepaid cards and wire transfers, and register with the National Do-Not-Call Registry. Financial institutions and family members are encouraged to help protect seniors by verifying callers and discussing fraud awareness.
yahoo.com
A 19-year-old California man was indicted for stealing over $20,000 from a 74-year-old Kettering woman through a tech support scam that began with a phishing email. The victim was manipulated into mailing cash and transferring funds through multiple interactions before police arrested the suspect during an attempted in-person money exchange. The case highlights the prevalence of tech support scams targeting seniors, which the FBI identified as the most common elder fraud type in 2023, with victims aged 60+ losing an average of $33,915 each.
abc.net.au
A scam-baiter named Jim Browning exposed a cryptocurrency investment scam operation based in Georgia, Eastern Europe, that targets victims worldwide by posing as financial advisors and recovery services. The scammers use fake celebrity endorsements and fraudulent websites to lure victims, then display fake cryptocurrency portfolios to convince them their money is growing, with some victims—including an Australian man Browning monitored in real-time—losing thousands of dollars. Australians reported losing over $2.74 billion to scams in the previous year, with attackers particularly targeting older adults with retirement savings.
elliptic.co
AI-enhanced scams are emerging as a potential threat in the cryptocurrency ecosystem, though not yet widespread. Criminals are exploiting AI technology through deepfake videos of celebrities and public figures to promote fake crypto investment schemes, and by creating fraudulent "AI-related" tokens designed for pump-and-dump schemes and rug-pulls that defraud investors. Elliptic released a horizon scanning report identifying five typologies of AI-enabled crypto crimes and recommends industry stakeholders implement best practices and develop strategies to prevent these threats from becoming mainstream.
troyrecord.com
New York Attorney General Letitia James issued a consumer alert about "pig butchering" romance scams, where fraudsters build romantic relationships with victims on dating apps and social media before convincing them to invest money in fake cryptocurrency or currency schemes. Victims typically deposit tens of thousands to over a million dollars before discovering they cannot withdraw funds or are asked to pay fake fees, at which point the scammers disappear. The Attorney General recommends verifying people's identities, consulting financial advisors before investing, and reporting suspected scams to law enforcement and the relevant platforms.
nypost.com
New York Attorney General Letitia James warned of rising "pig butchering" romance scams in which fraudsters use dating apps and social media to build fake romantic relationships with victims before pressuring them to invest in cryptocurrency schemes. Victims have lost between tens of thousands and over $1 million, with two-thirds of the Attorney General's cryptocurrency complaints tied to these online crimes. The scammers typically move conversations to encrypted platforms like WhatsApp or WeChat before directing victims to fraudulent investment platforms, often operated by overseas perpetrators.
timesnownews.com
New York State Attorney Letitia James warned of rising "pig butchering" romance scams targeting New Yorkers through dating apps and social media, where fraudsters build fake relationships before convincing victims to invest in cryptocurrency schemes. Victims reported losses ranging from tens of thousands to over $1 million, with two-thirds of crypto complaints to the State Attorney's office linked to online fraud, with communication often conducted through platforms like WhatsApp and WeChat.
thetomahawk.com
Tennessee experienced $36.6 million in elderly fraud losses in 2022, affecting 1,462 residents aged 60 or over (averaging $25,012 per victim), with an incident rate of 87.4 victims per 100,000 elderly residents. Nationally, investment scams caused the largest losses to seniors ($404 million), followed by business impostor and romance scams, with online contact methods and bank transfers being the most common fraud channels. Elderly residents aged 60+ were significantly more vulnerable to tech support scams, being 517% more likely to fall victim compared to younger age groups.
timesnownews.com
**Summary:**
Romance scammers in Indian metro cities create fake identities on dating apps to build emotional connections with victims before luring them to expensive restaurants or clubs where accomplices present inflated bills ranging from 20,000 to 40,000 rupees. To protect themselves, users should verify identities through reverse image searches and video calls, meet in public places of their own choosing, avoid rushing into emotional commitments, and remain cautious about sharing financial information with online contacts they haven't thoroughly vetted.
timesofindia.indiatimes.com
A 60-year-old man in Nagpur, Chandrasekhar Chaware, was defrauded of ₹87.6 lakh through the Apollo Online Classes app, which falsely promised investment training and profitable returns. Between March and May, Chaware made multiple transfers via IMPS after attending convincing online classes, only to discover the scheme was fraudulent when he attempted to withdraw his alleged profits. Police have registered a case of online financial fraud and are investigating to identify and apprehend the perpetrator.
wng.org
A 96-year-old World War II veteran lost over $322,000 of his retirement savings to Ternion Group International LLC, a fraudulent Christian investment company that promised to build a vocational school and purchase homes in Chicago, with his own son (age 70) convincing him to invest; the DOJ charged five people in April 2024, including the son, after the promised projects never materialized and contact ceased in 2020. The case highlights the rising threat of investment scams targeting seniors, with Americans over 60 losing $3.4 billion to fraud in 2023, and demonstrates the particular vulnerability of elderly victims who may distrust reporting due to family involvement
justice.gov
The U.S. Attorney's Office for the District of Vermont, partnering with federal law enforcement agencies, conducted outreach events at senior centers in advance of World Elder Abuse Awareness Day (June 15, 2024) to educate older adults about financial fraud and elder abuse. The outreach highlighted prevalent scams targeting seniors including government imposter schemes, tech support fraud, romance scams, grandparent scams, and lottery schemes, while emphasizing that elder abuse remains often overlooked and underreported.
microsoft.com
Pig butchering scams are romance and cryptocurrency fraud schemes where scammers build trust with victims through fake personas on social media or messaging apps before directing them to invest in fraudulent cryptocurrency platforms. After the victim deposits money into fake investment apps that show fake profits and allow small withdrawals to build confidence, scammers disappear with the funds. To protect against these scams, victims should verify identities through reverse image searches, maintain privacy, avoid discussing finances with new online contacts, and be skeptical of unsolicited investment opportunities.
wvpublic.org
Federal prosecutors in West Virginia are warning that the state's large elderly population is particularly vulnerable to financial schemes including romance scams and money laundering related to drug and human trafficking, citing West Virginia's older demographics and trusting culture as risk factors. Two U.S. Attorneys are organizing a statewide conference in June to educate financial professionals on recognizing suspicious activity and identifying signs of elder abuse, trafficking, and fraud.
wgrz.com
New York Attorney General Letitia James issued a warning about rising online romance scams across the state, where fraudsters use dating apps, social media, and text messages to build trust with victims before convincing them to invest money or make purchases—a scheme known as "pig butchering." The Attorney General's office provided guidance to avoid these scams, including not wiring money to unknown persons, researching profiles for signs of fraud or AI-generated images, and being suspicious of individuals who avoid video calls, isolate victims from family, or pressure quick investments. Victims are encouraged to report suspected scams to their state Attorney General's office or law enforcement while preserving all communications as evidence.
fingerlakesdailynews.com
New York's Attorney General issued a consumer alert about "pig butchering" romance scams, in which fraudsters befriend victims on dating apps, social media, and text messages before directing them to fake investment platforms. Scammers build trust over time, send fake screenshots of trading profits and luxury lifestyle images, then convince victims to invest tens of thousands to over a million dollars in cryptocurrency or foreign currency schemes before cutting off contact and making funds irretrievable. The alert advises New Yorkers to avoid wiring money to unknown contacts, verify identities through reverse image searches, be suspicious of excuses to avoid video calls or requests to use encrypted platforms, and never rush into investments.
indiatoday.in
Romance scams are surging in metropolitan areas like Delhi and Hyderabad, where scammers use dating apps to lure victims into expensive outings at clubs and cafes, often in collaboration with establishment employees. Victims, predominantly men, are manipulated into paying inflated bills ranging from 20,000 to 40,000 rupees after their dates order expensive drinks and food without contributing, with scammers sometimes leaving before the bill arrives. The article advises victims to verify identities through reverse image searches and video calls, choose their own safe meeting locations, and be cautious of individuals who quickly express strong feelings or request financial information.
daytondailynews.com
An elder victim in Kettering, Ohio lost over $36,000 after clicking a phishing email and providing personal information to scammers posing as tech support personnel; she made payments totaling $5,000 by mail, $18,000 in cash, and $1,000 was stolen electronically before police arrested suspect Karan Karan during an attempted in-person money collection. The case exemplifies tech support scams, which the FBI reports were the leading type of elder fraud in 2023, causing victims 60+ over $3.4 billion in losses that year with an average loss of $33,915 per victim.
ag.ny.gov
New York Attorney General Letitia James issued a consumer alert warning New Yorkers about "pig butchering" scams, in which fraudsters use dating apps, social media, and text messages to build romantic relationships with victims before manipulating them into fake investment schemes, often involving cryptocurrency or foreign currencies. Victims typically see fake account balance increases that encourage larger deposits, ranging from tens of thousands to over a million dollars, before scammers cut off contact and prevent withdrawals or demand prepayment of fees. The Attorney General recommends avoiding money transfers to unknown individuals, researching online profiles for authenticity, and reporting suspected scams to both the platform and law enforcement.
riverreporter.com
New York Attorney General Letitia James issued a consumer alert about "pig butchering" romance scams, where fraudsters use dating apps, social media, and text messages to build trust with victims before convincing them to invest in cryptocurrency or foreign currencies. Victims are shown fake account statements showing gains, but cannot withdraw funds once they deposit substantial sums, at which point the scammers disappear. The Attorney General's Office encourages reporting suspected scams to the relevant platforms and law enforcement at 1-800-771-7755.
brooklyneagle.com
New York Attorney General Letitia James issued a consumer alert warning of "pig butchering" scams, in which fraudsters use dating apps, social media, and text messages to build romantic relationships with victims before convincing them to invest money in fraudulent schemes. The scammers typically move conversations to encrypted platforms like WhatsApp or WeChat to hide their identities, gradually building trust before requesting investments. The Attorney General advises New Yorkers to vet recipients before sending money, research online profiles for AI-generated images, and be alert to sudden requests to use encrypted messaging.
indiatoday.in
A 75-year-old man from the US lost approximately $716,212 (Rs 6 crore) in a "pig butchering" romance scam after meeting a scammer posing as a wealthy Chinese woman named Violaine Chen on LinkedIn. The scammer built romantic trust over time, then convinced the victim to invest in a fake trading platform (Fuex) that showed false returns, and blocked withdrawal attempts while demanding additional fees. Despite FBI reporting, the victim was unable to recover his funds and suffered significant emotional and financial consequences.
carolinajournal.com
North Carolina has experienced a significant spike in insurance fraud since the COVID-19 pandemic, with senior citizens particularly targeted through online scams that convince them to move savings into fraudulent high-return annuities and investment accounts. Additional fraud schemes include door-to-door impostors posing as Department of Insurance employees, medical prescription scams, and staged accidents, with Americans collectively paying over $300 billion annually to cover known insurance fraud costs.