Search

Explore the Archive

Search across 19,276 articles about elder fraud. Filter by fraud type, payment mechanism, or keywords.

7,397 results in Robocall / Phone Scam
kfiz.com · 2025-12-08
Wisconsin has experienced an uptick in text message scams impersonating tolling agencies, directing recipients to fraudulent websites designed to steal personal data, financial information, or identities. To protect themselves, consumers should avoid clicking suspicious links, verify toll charges directly with legitimate agency contact information, report unwanted texts to their service provider, and delete suspicious messages without engaging with them.
wydaily.com · 2025-12-08
Policy confusion surrounding Social Security Administration changes—which were initially announced and then reversed—has created an environment that scammers are exploiting to target Virginians, according to AARP Virginia's state director. Con artists typically initiate contact via phone, text, or email claiming urgency and impersonating Social Security Administration officials to defraud beneficiaries, with more than 1.6 million Virginians relying on Social Security benefits as critical income. The SSA's planned office closures and in-person appointment requirements would have further complicated access for seniors, particularly the 9% of Virginia seniors already living more than 45 miles from the nearest office.
express.co.uk · 2025-12-08
Barclays Bank reported a 20% increase in romance scams in early 2025, primarily occurring on social media and dating platforms, with the average loss rising to £8,000 per victim in 2024 (up from £5,800 in 2023). Adults aged 61 and over are most vulnerable, losing an average of £19,000 per scam, with scammers typically building trust before requesting money under false pretenses such as emergencies, travel costs, or medical bills. The data shows 12% of UK adults have been targeted by or know someone affected by romance scams, and Barclays is calling for tech companies to implement stronger frau
wyomingnews.com · 2025-12-08
**Summary:** In 2025, Sheridan County law enforcement has received 91 combined fraud reports, with scammers increasingly impersonating law enforcement and medical officers using scare tactics to coerce victims into sending money, and exploiting Facebook Marketplace. The elderly and people over 50 are disproportionately targeted, with at least two victims losing over $150,000 each, though recovered funds are rare since money is typically sent electronically to overseas servers beyond law enforcement jurisdiction.
ynetnews.com · 2025-12-08
The National Insurance Institute warned of a surge in phishing scams impersonating the government body, using fake messages about "unusual account activity" that direct recipients to fraudulent websites designed to steal personal and banking information. The scam targets vulnerable populations, particularly elderly individuals and those with limited digital literacy, with similar impersonation schemes affecting other Israeli institutions like the Tax Authority, Health Ministry, and banks. The Institute advises recipients to avoid clicking links, verify website addresses end in .gov.il, and report suspicious messages to authorities rather than providing any personal information.
globalinitiative.net · 2025-12-08
This article discusses the growing threat of online fraud and cybercrime involving India and the United States, highlighting how scammers exploit weak data security and leverage generative AI. India serves as both a hub for scam operations targeting Western victims through fake tech support and loan schemes, and increasingly, a source of victims itself, with Indian nationals being trafficked to scam compounds in Cambodia and exploited to defraud others. The article calls for the US and India to strengthen cooperation against these transnational fraud networks, particularly regarding data breaches—such as the 2023 theft of 815 million Indian citizens' personal information—that provide scammers with the databases they need to target vulnerable populations
states.aarp.org · 2025-12-08
A 70-year-old Massachusetts woman experienced two separate fraud incidents—identity theft involving her name and social security number years earlier, and unauthorized debit card charges in February 2024 that were caught when she received a text alert for a fraudulent taxi charge in Oklahoma City. Her bank successfully stopped the fraudulent charges and issued a new card, advising her to use credit cards for online purchases and tap (rather than insert) debit cards in person to reduce fraud vulnerability. The article emphasizes the emotional toll of fraud on victims and recommends monitoring accounts regularly and staying alert to suspicious activity.
abc15.com · 2025-12-08
Scammers are targeting job seekers via unsolicited text messages, WhatsApp, and social media with fake job offers promising high pay and flexible schedules, resulting in over $400 million in losses to Americans according to the FTC. Red flags include unexpected contact from unknown numbers, unrealistic pay claims ($200-$800 daily), requests for personal information or money/gift cards, poor grammar, and pressure to move conversations to other platforms. Consumers should avoid responding to or clicking links in unsolicited messages, independently verify job offers directly with companies, and report suspected scams to the FTC or their phone carrier.
sjcda.org · 2025-12-08
Tech support scams use fake pop-up warnings impersonating companies like Microsoft and Apple to trick users into calling scammers, who then falsely claim the device is infected and demand payment for bogus services. Legitimate security warnings from real tech companies never ask you to call a phone number; instead, users should ignore pop-ups, manually update security software, and contact tech support only through official company websites or trusted in-person retailers. The FTC recommends reporting suspected scams at ReportFraud.ftc.gov and sharing information about these scams with others as a prevention tool.
news18.com · 2025-12-08
A stamp vendor in Sant Kabir Nagar, Uttar Pradesh, lost Rs 2.05 lakh after fraudsters borrowed his mobile phone under the pretense of making a call, then used it to port his SIM card to another company and withdraw funds from his bank account via OTP within 10 minutes. Police registered a case against four suspects aged 25-30 and launched an investigation, while experts advised against sharing phones with strangers and recommended regularly changing passwords to prevent such SIM swap attacks.
buffalobulletin.com · 2025-12-08
**Summary:** In 2025, Sheridan County continues to experience rising internet scams with increasingly sophisticated tactics, particularly impersonation of law enforcement and medical officers using scare tactics to demand payment. As of the reporting date, the Sheridan Police Department received 65 fraud reports and the Sheriff's Office reported 26 scams, with victims over age 50 disproportionately affected; at least two victims lost over $150,000 each. Law enforcement recommends reporting suspected scams immediately, using IC3.gov to document losses, and remembering that legitimate law enforcement never demands payment over the phone.
northfortynews.com · 2025-12-08
**Summary:** This is an educational awareness piece from Larimer County Sheriff's Office highlighting current scam trends affecting Northern Colorado residents, particularly seniors. Chief Scambuster Barbara Bennett presents 20+ active scams including romance schemes, impersonation frauds (bank, IRS, law enforcement), tech-based scams (DocuSign phishing, hacked Facebook accounts), and marketplace fraud, while proposing a confidential support group for scam victims and their families to address shame and isolation barriers to reporting.
Romance Scam Celebrity Impersonation Crypto Investment Scam Investment Fraud Government Impersonation Cryptocurrency Gift Cards Payment App Check/Cashier's Check
thesenior.com.au · 2025-12-08
Asian crime syndicates operating multibillion-dollar cyberscam networks have expanded globally to South America and Africa despite intensified Southeast Asian raids, with the UN Office on Drugs and Crime reporting the industry generates tens of billions in annual profits by victimizing people worldwide through schemes like romance and cryptocurrency scams. Many scam workers are trafficked and forced into operations, and criminal groups have adapted by relocating to remote areas with weak governance in Laos, Myanmar, Cambodia, and now Georgia, Zambia, Angola, and Namibia. The U.S. alone reported $5.6 billion in cryptocurrency scam losses in 2023, with elderly and vulnerable people particularly
3blmedia.com · 2025-12-08
PSE&G warns customers about utility scams during National Consumer Protection Week, which involve scammers impersonating utility companies via phone calls, texts, emails, and in-person visits to demand immediate payment (often through gift cards, money transfers, or prepaid cards) by threatening service disconnection. Real victims reported losses ranging from $400 to over $2,400, with scammers using tactics like caller ID spoofing to appear legitimate; PSE&G advises customers to hang up and verify by calling the number on their bill, as the company never requires specific payment methods and offers multiple legitimate payment options including online, mobile app, and digital payment services.
Utility Impersonation Phishing Robocall / Phone Scam General Elder Fraud Scam Awareness Cryptocurrency Wire Transfer Gift Cards Cash Payment App
linknky.com · 2025-12-08
A 69-year-old Philadelphia woman nearly fell victim to a sophisticated tech support scam in which fraudsters, posing as Norton antivirus support and her bank's fraud department, pressured her to withdraw cash and purchase cryptocurrency by falsely claiming hackers had downloaded illegal content to her computer and stolen $18,000. The scammer used emotional manipulation, urgency, and knowledge of her banking details to convince her, but she avoided the scheme after recalling a friend who lost $800,000 to a similar scam. Financial scams cost Americans between $23.7 billion and $158.3 billion in 2023-2024, with AI, dark web data access, an
popville.com · 2025-12-08
Deepfake technology is being used by scammers to create fraudulent audio and video impersonating trusted individuals and organizations, with DC seniors being particularly targeted. Detection and prevention strategies exist to help residents identify and avoid these scams, according to DC Attorney General Brian Schwalb.
benitolink.com · 2025-12-08
Online fraud and identity theft targeting seniors are rising significantly, with the senior population accounting for $3.4 billion in losses out of $12.5 billion total U.S. fraud losses tracked by the FBI. Common scams include phishing and spoofing schemes, with cryptocurrency investment fraud being particularly costly in 2023, affecting approximately 22% victims over age 60. Law enforcement recommends hanging up immediately when warning signs appear (such as demands for immediate payment or claims of official authority) and reporting attempts to authorities, while emphasizing that victims should not feel embarrassed about disclosing fraud since scammers exploit even aware individuals.
wxyz.com · 2025-12-08
The Troy Police Department is raising awareness about cryptocurrency scams affecting local residents, with victims losing thousands of dollars after being tricked into depositing funds at crypto kiosks. Scammers contact victims via phone, email, or text claiming they owe government fines or bonds, then direct them to withdraw money and purchase Bitcoin or other digital currencies, which cannot be recovered once transferred. Police are posting warning signs at cryptocurrency machines throughout Troy, where approximately 2-3 cases occur weekly, with one victim losing $12,500.
dispatch.com · 2025-12-08
Scam text messages claiming unpaid Ohio Turnpike tolls have resurfaced, directing recipients to fake payment sites or fraudulent phone numbers to collect payment information. Official toll notices are sent by mail only, though the debt collector Reliant Capital Solutions may send legitimate texts on behalf of the Ohio Attorney General; the FTC advises recipients to verify claims directly with the Ohio Turnpike (440-971-2222 or ohioturnpike.org) and avoid clicking links in unsolicited messages. Victims who clicked links or provided payment should secure their financial accounts and report the scam to the FBI's Internet Crime Complaint Center or the FTC.
news3lv.com · 2025-12-08
A nearly 70-year-old Las Vegas woman was targeted by a scam in which a caller claimed she was involved in drug smuggling and threatened her with arrest unless she paid $95,000 in cryptocurrency. The scammer also threatened to arrest the woman's niece when she tried to verify the situation, but the woman ultimately avoided paying after her niece intervened. The incident was reported to Las Vegas Metro Police, though recovery is unlikely since cryptocurrency transactions cannot be regulated.
press.aarp.org · 2025-12-08
The AARP Fraud Watch Network report reveals widespread consumer vulnerability to cyber threats, with over 276 million adults exposed through unverified apps and unreliable social media content, and 203 million lacking multifactor authentication on their accounts. The report emphasizes that consumers can reduce fraud risk through protective measures such as enabling multi-factor authentication, verifying app sources, and staying informed about emerging scams. AARP offers free resources including a fraud helpline (877-908-3360) and peer support groups to help victims and advocates for policy changes to combat the growing fraud problem.
consumerreports.org · 2025-12-08
Scammers are increasingly sending fake delivery text messages and emails impersonating FedEx, UPS, and USPS, claiming packages missed delivery or require updated shipping information to lure victims into clicking malicious links or providing personal and financial data. These "smishing" scams are becoming more sophisticated with AI-generated content, realistic branding, and fewer spelling errors, making them harder to detect than traditional phishing attempts. Consumers should verify deliveries by contacting carriers directly rather than clicking links in unsolicited messages, as legitimate delivery services never request payment information or personal details via email or text.
success.com · 2025-12-08
Smishing (text-based phishing) attacks cost Americans $470 million in reported losses in 2024, more than five times the 2020 total, with the actual amount likely much higher due to underreporting. The article identifies three trending scams in 2025: fake unpaid toll notices (particularly targeting metropolitan areas), package delivery issues and "brushing scams" using QR codes, and fake job opportunities (losses increased from $90 million in 2020 to $501 million by 2024). Key prevention strategies include never clicking links or responding to unexpected texts, verifying alerts directly through official websites, and reporting suspicious messages to your phone provider an
gbhackers.com · 2025-12-08
Between December 2023 and February 2025, the FBI received over 100 reports of scams in which criminals impersonated Internet Crime Complaint Center (IC3) officials, contacting victims via email, phone, and social media to fraudulently obtain financial information by falsely promising to recover funds from previous scams. The scammers use elaborate tactics including fake female profiles on social media and fictional personas like "Jaime Quin," claiming to be IC3's Chief Director and communicating through Telegram to request sensitive data and payments. The FBI warns that the real IC3 never initiates contact directly and will not request payment or personal information for fund recovery, an
wvnews.com · 2025-12-08
The Harrison County Sheriff's Office warned residents about a recurring phone scam in which callers impersonate law enforcement, falsely claiming victims have missed court dates, have arrest warrants, or owe fines, and demand immediate payment via Bitcoin or gift cards. Elderly residents are particularly targeted due to their respect for authority figures; between 20 and 30 complaints were reported with some victims losing significant amounts of money. Law enforcement emphasized they never request personal information, financial details, or payment over the phone, and urged residents to hang up and report such calls to 911.
unite.ai · 2025-12-08
AI vishing scams—which use voice cloning and deepfake technology to impersonate trusted individuals—have become increasingly sophisticated and effective, with losses to Americans rising 23% from 2023 to 2024. Recent high-profile attacks include scammers impersonating Italy's Defense Minister to target business leaders like Giorgio Armani (resulting in one $200,000+ loss), hotel staff targeted during peak hours, and elderly individuals tricked out of approximately $200,000 by voices mimicking family members. The proliferation of AI Vishing-as-a-Service platforms like PlugValley has enabled attackers to launch these convincing, automated attacks at scale with custom
wezl.iheart.com · 2025-12-08
A scammer impersonated radio personality Bobby Bones online and defrauded a victim out of thousands of dollars, prompting an FBI investigation and contact with Bones to verify the impersonation. Bones clarified that he has no separate fan communication accounts and that his only verified account is @mrbobbybones with a blue checkmark, warning others not to fall for impersonators. While the FBI offered to track down the scammer, Bones acknowledged they likely won't succeed given the perpetrator is probably located overseas.
whsv.com · 2025-12-08
Scammers are sending fake text messages claiming overdue toll or E-ZPass payments in "smishing" scams designed to steal personal information, credit card data, and bypass multi-factor authentication. Legitimate toll agencies never request payment via text or email and advise recipients to delete suspicious messages immediately, paying attention to unrecognized sender addresses as a key warning sign.
news.un.org · 2025-12-08
A Thai woman working in the United States lost $300,000 to an Asia-based criminal network that impersonated Thai embassy and Central Investigation Bureau officials in a sophisticated scam spanning three months. The scammers convinced her she was a suspect in an international money laundering scheme and demanded she transfer money to prove her innocence, exploiting psychological manipulation and careful timing to prevent her from verifying their claims. The UN Office on Drugs and Crime reports this scam type is increasingly used by transnational organized crime groups expanding operations across Asia and globally.
localmatters.co.nz · 2025-12-08
New Zealanders, particularly older adults, are increasingly targeted by "pig butchering" scams, where organized criminal networks operating from Southeast Asia build trust with victims over weeks or months before convincing them to invest in fake cryptocurrency or forex opportunities, then disappearing with their money. Netsafe estimates New Zealanders lost $2.3 billion to scams in 2024, with these schemes employing sophisticated emotional manipulation tactics and following a predictable formula of unexpected contact, false relationship-building, and pressure to invest. The article provides five warning signs to recognize these scams and advises victims to immediately stop contact, alert their bank, preserve evidence, and report the fraud to Netsafe
goodmorningamerica.com · 2025-12-08
Seniors lost $4.8 billion to scammers in 2024, part of a total $16.6 billion in U.S. fraud losses that year—a 33% increase from 2023. Investment scams were the most costly fraud type, resulting in nearly $6 billion in losses, followed by business email compromise scams ($2 billion) and technology support scams ($1 billion). The FBI received 836,000 cyber fraud reports annually and noted that actual losses likely exceed reported figures due to victim underreporting.
independent.co.uk · 2025-12-08
Seniors lost nearly $4.8 billion to scams in 2024, representing a significant portion of the $16.6 billion in total fraud losses reported by the FBI—a 33% increase from 2023. The most common scams targeting older Americans included business email compromise ($2 billion), technology support scams ($1 billion), and investment fraud ($6 billion), with victims aged 60 and above making up the majority of complaints. Texas, California, and Florida reported the highest losses, though the FBI notes actual figures may be higher due to underreporting by victims.
gottheimer.house.gov · 2025-12-08
U.S. Congressman Josh Gottheimer introduced bipartisan legislation called the GUARD Act to combat financial fraud and "pig butchering" scams targeting older Americans by providing state and local law enforcement with federal grant funding and blockchain tracing tools. "Pig butchering" scams involve fraudsters convincing retirees to invest in fake opportunities, with victims over 70 suffering median losses of $9,000 compared to $2,400 for all age groups, and these scams causing over $1 billion in losses in 2022 alone. The bill is supported by multiple organizations including AARP and law enforcement associations.
cnbc.com · 2025-12-08
Text-based job scams have surged dramatically, with reported losses climbing from $14.8 million in 2023 to $61.2 million in 2024, according to the FTC. Scammers send unsolicited job offers via text with fake interview links and offers, exploiting economic uncertainty and job market competition to target vulnerable job seekers. Experts advise resisting the urge to immediately respond to text messages and verifying job offers through official company email addresses and websites.
welivesecurity.com · 2025-12-08
Threat actors are exploiting Google Forms—a widely trusted, free, and easy-to-use tool with approximately 50% market share—to conduct phishing scams and malware distribution campaigns. They leverage Google Forms' legitimacy to evade email security filters and create convincing spoofs of banks, social media sites, and payment pages to harvest login credentials, financial information, and personal data, or to redirect victims to malware installation sites. Additional tactics include "callback phishing" where victims are tricked into calling numbers controlled by voice phishing gangs, and quiz spam designed to collect sensitive information.
fox5dc.com · 2025-12-08
D.C. Attorney General Brian Schwalb issued a consumer alert warning of deepfake telemarketing scams targeting District residents, particularly seniors, which use artificial intelligence to create fake audio or video of loved ones requesting money for emergencies. Scammers easily obtain audio samples from voicemails or social media to create convincing "cheap fakes" that are simple to produce using low-cost tools. The AG recommends protecting yourself by refusing to share personal information, hanging up and calling back using verified numbers, disclosing requests to trusted contacts, denying remote access to devices, and staying informed about evolving scam tactics.
dailydodge.com · 2025-12-08
The Beaver Dam Police Department reports an uptick in impersonation scams where fraudsters pose as federal agents and demand payment via gift cards, cryptocurrency, or wire transfers. Scammers use fake credentials and emotional manipulation to pressure victims into sending money, which is typically unrecoverable once transferred. Authorities recommend contacting law enforcement or trusted contacts if something seems suspicious rather than complying with unsolicited payment requests.
abcnews.go.com · 2025-12-08
Seniors lost $4.8 billion to scammers in 2024, contributing to a total of $16.6 billion in losses across all age groups in the United States—a 33% increase from 2023, according to the FBI's annual internet crime report. Investment scams were the most prevalent fraud type, with 47,919 complaints and $6 billion in losses, followed by business email compromise scams ($2 billion) and technology support scams ($1 billion). The FBI received an average of 836,000 cyber fraud reports annually, with California, Texas, and Florida experiencing the highest losses.
wbrc.com · 2025-12-08
Military consumers, particularly those aged 18-24, are experiencing higher rates of scams and larger median losses ($196) compared to the general public ($130), according to a joint report from the BBB Institute, Association of Military Banks of America, and Zelle. Employment scams and car dealership fraud are particularly prevalent, with scammers exploiting military families' frequent relocations and the appeal of remote work opportunities. The BBB encourages all victims to report scams to the BBB Scam Tracker and FTC, noting that many military victims avoid reporting due to embarrassment.
nbcnews.com · 2025-12-08
Cybercriminals stole a record $16.6 billion in 2024, according to the FBI's Internet Crime Complaint Center, a 33% increase from $12.5 billion in 2023. People age 60 and older were the biggest victims, losing $4.8 billion total, with $2.8 billion involving cryptocurrency and $1.8 billion lost to investment scams including "pig butchering" schemes where criminals pose as romantic partners to convince victims to invest in fake cryptocurrency ventures. The report, based on 859,532 complaints filed, is considered an undercount of actual cybercrime losses.
wsbtv.com · 2025-12-08
Briauna Michelle Powell, a home health assistant in Suwanee, Georgia, is wanted for identity fraud and elder exploitation after using an 82-year-old client's credit cards and bank account without authorization. Between February and March, Powell made unauthorized charges totaling at least $1,120 on the victim's Lowe's card for personal items and attempted six unauthorized bank transactions, while also attempting to open an account in the victim's name. Powell has been charged with multiple counts of identity fraud and elder exploitation, and detectives are asking anyone who employed her to report suspected fraudulent activity.
abcnews4.com · 2025-12-08
South Carolina seniors suffered disproportionately in 2024 cybercrime, with 2,295 victims over age 60 losing over $58.5 million—more than a third of the state's total $146 million in reported internet crime losses. The most costly scams targeting seniors were tech support scams, government impersonation schemes, and investment fraud, each accounting for nearly $10 million in losses, while confidence/romance scams cost seniors almost $3 million. The FBI's 2024 Internet Crime Report documented a 33% nationwide increase in cybercrime losses to over $16 billion, with extortion, phishing, and personal data breaches
theguardian.com · 2025-12-08
Ray Baird was defrauded of over $230,000 by his son Peter over approximately 13 years, beginning in 2011 when Ray asked for help with banking matters. Peter gained access to Ray's MyGov account and Centrelink pension, redirecting $152,423 in pension payments to his own account and taking out $78,000 in loans in his father's name, supported by elaborate deception including fake letters from government officials and impersonated phone calls from politicians and ombudsmen. Peter was convicted of three counts of obtaining financial advantage by deception, highlighting the growing problem of family-perpetrated financial abuse against older Australians, particularly those with
fox5atlanta.com · 2025-12-08
Briauna Powell, a 24-year-old home health aide for Visiting Angels, was arrested and charged with identity theft, fraud, and elder exploitation after using elderly clients' personal and financial information to make unauthorized purchases totaling approximately $25,000, including a $16,000 vehicle, rent payments, and store purchases. Police confirmed she victimized at least four elderly residents across multiple Georgia counties and believe additional victims may exist. Powell is being held without bond, and authorities are urging anyone who employed her to check for fraudulent activity.
newsbreak.com · 2025-12-08
Over 60,000 drivers have reported receiving convincing text message scams claiming they owe unpaid tolls, with the FBI warning of a significant spike between January and February 2025. The fraudulent texts use location-targeted information and URL shorteners to trick users into clicking malicious links that steal personal and financial data or download malware. Red flags include unsolicited messages creating urgency, generic greetings, suspicious domains, and links from unrecognized numbers—drivers should verify toll charges directly through official state websites or phone numbers rather than clicking message links.
neherald.com · 2025-12-08
A Thai woman working in the United States lost $300,000 to an Asia-based criminal network that conducted an elaborate scam involving false claims of identity theft, an international money laundering investigation, and threats of criminal prosecution. The scammers, posing as Thai embassy and Central Investigation Bureau officials, convinced her to wire money over three months as "proof of innocence," exploiting psychological manipulation and careful timing to prevent her from verifying their claims. According to the UN Office on Drugs and Crime, this type of sophisticated transnational organized crime scheme is increasingly common and expanding globally, with victims experiencing severe financial and emotional consequences.
the-independent.com · 2025-12-08
Seniors aged 60 and older lost nearly $4.8 billion to scams in 2024, according to an FBI report, with major fraud types including business email compromise scams ($2 billion), technology support scams ($1 billion), and investment fraud ($6 billion across all ages). Americans overall lost $16.6 billion from scams in 2024—a 33 percent increase from 2023—with Texas, California, and Florida experiencing the highest losses, though the FBI notes actual figures may be higher due to underreporting by victims.
khmoradio.com · 2025-12-08
St. Louis County Police issued an alert about a text message scam impersonating Apple ID security warnings, claiming fraudulent account activity and directing victims to click links or call numbers to "secure" their accounts. The scam aims to steal personal and payment information, potentially leading to identity theft and financial loss. Police recommend contacting law enforcement if victimized and advise bypassing suspicious links by visiting Apple's website directly to check account activity.
coincentral.com · 2025-12-08
Americans lost $9.3 billion to cryptocurrency fraud in 2024, a 66% increase from 2023, with people over 60 suffering disproportionately—accounting for $2.8 billion in losses (30% of total crypto fraud) despite representing only 17% of the population, averaging $83,000 per victim. Investment fraud was the largest scam category affecting seniors, while crypto ATM fraud complaints nearly doubled year-over-year, with elderly victims losing $107 million through these schemes alone. The FBI's "Operation Level Up" initiative has identified and notified potential victims, saving an estimated $285 million since its January 2024 launch.
aol.com · 2025-12-08
Seniors lost nearly $4.8 billion to scams in 2024, according to an FBI report, with major fraud types including business email compromise scams ($2 billion), technology support scams ($1 billion), and investment fraud ($6 billion across all ages). Americans aged 60 and above comprised the majority of victims, though those aged 50-59 also suffered significant losses of $2.5 billion, and the FBI notes actual losses may be higher due to underreporting.