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7,257 results in General Elder Fraud
kgun9.com · 2025-12-08
Arizona Attorney General Kris Mayes conducted an educational tour across the state, including Douglas, to raise awareness about elder fraud targeting seniors as Arizona's population ages. In 2023, Arizona experienced 289 elder fraud cases per 100,000 seniors, with one in 10 older adults becoming victims of abuse or exploitation; Mayes highlighted that AI-enabled voice cloning is making scams more convincing, as exemplified by an attendee who nearly fell victim to an impersonation scam claiming her daughter needed emergency funds. The Attorney General emphasized that seniors are targeted because they typically have savings and encouraged reporting fraud to her office for assistance.
justice.gov · 2025-12-08
Acting U.S. Attorney Carol M. Skutnik issued a press release for Elder Abuse Awareness Month highlighting the prevalence of financial scams targeting seniors in the Northern District of Ohio, including cryptocurrency, lottery, grandparent, romance, government impersonation, money mule, and tech support schemes. The statement emphasized that scammers use unsolicited communications and fraudulent tactics to exploit seniors' savings, with some victims losing their entire life savings, and urged vigilance and reporting through the FBI and Department of Justice resources.
apnews.com · 2025-12-08
Scammers are exploiting AI chatbots and online college enrollment systems to commit large-scale financial aid fraud, with crime rings creating "ghost students" who enroll in courses just long enough to collect federal aid checks using stolen identities. California community colleges alone reported 1.2 million fraudulent applications in 2024 resulting in at least $11.1 million in unrecovered losses, with victims like Heather Brady discovering loans for over $9,000 fraudulently taken out in their names. The U.S. Education Department has implemented temporary ID verification requirements for first-time aid applicants and is developing more advanced screening measures to combat the fraud that now imperils the
capecodchronicle.com · 2025-12-08
The Cape and Islands District Attorney's office is seeking $586,500 in state funding to establish a specialized six-person elder fraud and abuse unit after data showed a significant rise in financial exploitation cases across the region. In Barnstable alone, there were 393 calls regarding elder fraud in 2023-2024, but only 13 cases resulted in charges, indicating that current law enforcement resources are insufficient to investigate and prosecute these crimes. The proposed team would include two assistant district attorneys, two forensic investigators, and two victim advocates to address the gap between the volume of elder financial crimes and the Attorney General's limited capacity to handle such cases.
local10.com · 2025-12-08
Pastor Eric Readon of Miami Gardens rejected a plea deal in a Miami-Dade County elder fraud case involving allegations that he defrauded a 76-year-old retired postal worker, Edward Fuller, out of his home and over $267,000 by fraudulently transferring property ownership. Readon faces charges including organized fraud, exploitation of the elderly, and theft, with potential penalties of up to 65 years if convicted at trial scheduled for July 7; separately, he pleaded no contest in Broward County to similar property fraud allegations affecting two other victims and was ordered to pay $196,500 in restitution. The case, which originated from a 2017 Local
valley.newhavenindependent.org · 2025-12-08
Harry Danley, a 55-year-old public works employee in Ansonia, was arrested in June and charged with first-degree larceny for stealing over $20,000 from an 85-year-old resident with mild dementia over five years. Danley, who posed as the woman's lawn maintenance worker, convinced her to write checks totaling $25,870, claiming they were loans to cover his mortgage and house foreclosure, but police determined he still owes her $23,770 after accounting for minimal repayments and that his false promises were made while he faced significant financial distress and bankruptcy.
myheraldreview.com · 2025-12-08
Arizona Attorney General Kris Mayes reported on World Elder Abuse Awareness Day that Arizona has the highest rate of elder fraud in the nation, with one in ten adults victimized by scams. The state saw 346 elder fraud cases in 2022 according to the Internet Crime Complaint Center—the highest rate nationwide—with scammers employing tactics including romance schemes, financial "mule" operations, phishing emails impersonating government agencies, and family member impersonation to exploit elderly victims' trust and emotional vulnerability.
justice.gov · 2025-12-08
Pranav Patel, a 33-year-old New Jersey man, was sentenced to six years and three months in federal prison for his role as a money mule in an elder fraud scheme that defrauded senior citizens of approximately $1.79 million between October and December 2023. Fraudsters operating from overseas call centers impersonated government agents, falsely claiming victims had outstanding arrest warrants or needed to surrender money and gold for safekeeping, while Patel collected the proceeds from victims across the East Coast. One victim was forced to sell his house and rely on Social Security after losing his savings to the scam.
postandcourier.com · 2025-12-08
Seniors age 60 and older face increasing vulnerability to financial scams facilitated by internet and smartphone technology, prompting the U.S. Department of Justice's Elder Justice Initiative to combat elder fraud through education and awareness. The article outlines four common scams targeting older adults: Social Security Administration impostor scams (using caller ID spoofing to request money transferred to gift cards), tech support scams (gaining remote device access and charging fabricated fees), lottery scams (requesting upfront fees for fake foreign lottery winnings), and romance scams (conducted through dating sites and social media to solicit money). Seniors should verify caller identities independently, avoid granting remote device access, reject unsolicite
hometownstations.com · 2025-12-08
Acting U.S. Attorney Carol M. Skutnik announced that the Northern District of Ohio is committed to combating financial fraud targeting seniors during Elder Abuse Awareness Month in June, noting that scammers use unsolicited communications and impersonation tactics to steal victims' life savings. The office highlighted common scams affecting older adults, including cryptocurrency schemes, lottery scams, grandparent scams, romance scams, government impersonation schemes, money mule operations, and tech support frauds, and urged seniors to remain vigilant while offering FBI and Department of Justice resources for reporting elder financial abuse.
paducahsun.com · 2025-12-08
According to the FBI Internet Crime Report, individuals aged 60 and older filed 147,000 scam complaints in 2024 and lost $4.8 billion total—a 43% increase from the previous year, with 7,500 seniors losing over $100,000 each. A local cybersecurity company is raising awareness about online scams targeting older adults and promoting protective measures, with resources available at securitycenter.sonicwall.com.
lockhaven.com · 2025-12-08
Centre County reported over 350 cases of elder abuse in 2024, a five-fold increase over the past decade, with financial exploitation now surpassing self-neglect as the most commonly reported abuse type. Sophisticated scams using AI-generated deepfakes, voice spoofing, and impersonation have stolen hundreds of thousands of dollars from local seniors, with statewide estimates between $260 million and $2.1 billion stolen from Pennsylvania residents over 60 in 2022. The Centre County Office of Aging is hosting educational initiatives and encouraging victims to report scams to local law enforcement to prevent further exploitation.
wbbjtv.com · 2025-12-08
A workshop in Crockett County, Tennessee educated seniors about Medicare fraud schemes, which cost the program an estimated $60 billion annually. Common scams include unsolicited calls from fraudsters posing as Medicare representatives requesting personal information, offering free equipment or prescriptions, or using stolen Medicare numbers to submit false claims. The Senior Medicare Patrol supervisor advised residents to refuse unknown callers, protect personal information, monitor their Medicare statements against actual services received, and report suspected fraud to 1-800-MEDICARE or local authorities.
wispolitics.com · 2025-12-08
The Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP) issued a public awareness alert ahead of World Elder Abuse Awareness Day on June 15, urging consumers to recognize and report scams targeting older adults. The advisory encourages community members to educate themselves and others about senior-targeting fraud schemes in order to protect vulnerable populations.
dailydodge.com · 2025-12-08
The Wisconsin Department of Agriculture, Trade, and Consumer Protection is urging consumers of all ages to protect older adults from scams, noting that seniors lose significantly more money to fraud than younger consumers—a median of over $1,000 versus less than $500 for those under 60, according to 2024 FTC data. Scammers specifically target older adults who have larger savings, may lack technological familiarity, experience isolation, or have cognitive vulnerabilities. The state recommends five protective strategies: staying informed about common scams, having proactive conversations with seniors about fraud tactics, pausing before sharing personal information, consulting trusted contacts before acting, and reporting scams to help prevent future victimization.
positivelynaperville.com · 2025-12-08
Scams are becoming increasingly sophisticated, particularly through phishing and spear phishing techniques where fraudsters impersonate legitimate businesses via email, phone, or text to create urgency and pressure victims into sending money via gift cards or cryptocurrency. Crime Prevention Specialist Julie Smith recommends pausing when receiving suspicious communications, independently verifying through official channels, avoiding clicking links, and not hesitating to end the conversation with potential scammers. Common impersonated organizations include Microsoft, Amazon, Social Security, PayPal, and Illinois Tollway/IPASS.
channel3000.com · 2025-12-08
The Wisconsin Department of Agriculture, Trade and Consumer Protection raised awareness about senior-targeting scams on World Elder Abuse Awareness Day, noting that consumers aged 70 and over lost more than $1,000 per scam in 2024—double the losses of younger age groups—with investment, romance, and government imposter scams becoming increasingly sophisticated. The department recommends five preventative measures: staying informed about common scams, planning ahead to identify impersonation attempts, pausing before sharing personal information, consulting trusted contacts before acting, and reporting suspected fraud to authorities or the Consumer Protection Hotline at (800) 422-7128.
hometownstations.com · 2025-12-08
Acting U.S. Attorney Carol M. Skutnik highlighted Elder Abuse Awareness Month in June and emphasized the U.S. Attorney's Office commitment to combating financial fraud targeting seniors, noting that scammers use unsolicited communications and impersonation tactics to exploit older adults' savings. The office outlined common scams affecting seniors including cryptocurrency schemes, lottery fraud, grandparent scams, romance scams, government impersonation, money mule recruitment, and tech support fraud, and recommends vigilance and reporting suspected elder financial abuse to the FBI or Department of Justice.
therecord.media · 2025-12-08
Seven law enforcement agencies across Asia, led by Singapore Police Force, conducted a month-long multinational operation in April and May that shut down dozens of scam centers, arrested over 1,800 people, and froze approximately 32,000 bank accounts linked to at least 9,200 scam cases (including investment fraud, dating app schemes, and government impersonation) that collectively stole approximately $225 million from victims. Singapore alone arrested 106 people responsible for 1,300 scams totaling about $30 million, and authorities seized $20 million globally as part of the coordinated "Operation Frontier+" effort, which officials plan to continue with real-time
mashable.com · 2025-12-08
In 2025, text-based scams have become the most prevalent threat, with the E-ZPass scam leading the way—fraudsters send texts falsely claiming unpaid tolls and threatening license suspension to create urgency and trick recipients into clicking malicious links. Other major scams include DMV impersonation texts using similar tactics, fake job offer texts posing as employers or Indeed itself, and fraudulent Joann Fabric advertisements on Facebook and Pinterest directing users to counterfeit websites. The FTC recommends never clicking links or engaging with suspicious messages, contacting relevant agencies directly to verify claims, and reporting scams rather than responding to them.
quickcountry.com · 2025-12-08
An Evanston, Illinois woman lost $62,000 over six months to a Kevin Costner impersonator on Telegram who claimed to be offering cryptocurrency investment returns through gift card payments. The scammer, part of an ongoing cryptocurrency fraud ring active since at least 2018, never returned any funds, and police indicated arrest is unlikely due to the crime's nature. The FTC advises potential victims to verify celebrity identities through Google searches, consult trusted contacts before sending money, and avoid gift cards, which offer minimal buyer protections and are largely irreversible.
indicanews.com · 2025-12-08
Pranav Patel, a 33-year-old Indian-origin man, was sentenced to 75 months (over 6 years) in federal prison for his role in a nearly $2 million scheme that targeted senior citizens through overseas call centers. The sentencing was handed down by a federal judge in Tampa, Florida.
financialpost.com · 2025-12-08
Financial abuse is the most common form of elder abuse in Canada, with experts warning of rising vulnerability as the country's aging population holds over $1.1 trillion in assets. While digital scams targeting seniors are increasing, the greater threat comes from trusted individuals—family members, friends, and those with power of attorney—who exploit their positions, with approximately 81 percent of reported cases perpetrated by someone the victim knows. Seniors with cognitive decline, women, and those from marginalized communities face heightened risk, and many victims remain silent to avoid disrupting family relationships.
theconversation.com · 2025-12-08
A study of over 2,000 U.S. adults age 65+ found that older adults with dementia lose the ability to accurately assess their own financial skills, a condition called "financial anosognosia," while cognitively healthy peers maintain accurate self-awareness of their financial abilities. The 87 participants who developed dementia during the decade-long study often misjudged their financial task performance, creating vulnerability to financial fraud and scams. The research identifies a critical window after cognitive decline begins when individuals can still take protective action to secure their finances before losing insight into their declining abilities.
ky3.com · 2025-12-08
This article discusses emerging scam tactics targeting elderly individuals, featuring an interview between news reporter Ashley Reynolds and Mindy Thompson from Arvest Bank about new methods scammers are using to defraud seniors. The piece serves as an awareness segment highlighting current threats to elder financial security, though specific scam examples and details are not provided in the available text.
americanbazaaronline.com · 2025-12-08
Pranav Patel, 33, from New Jersey, was sentenced to 75 months in prison and ordered to forfeit nearly $2 million for his role as a money mule in a government impersonation scam targeting senior citizens between October and December 2023. Patel picked up cash and gold from victims across the East Coast who had been fraudulently told by overseas call center operators posing as Treasury Department officials that they faced arrest warrants or needed to surrender assets for safekeeping. One victim was forced to sell his house and rely on Social Security after losing his savings in the scheme, which resulted in approximately $1.79 million in laundered fraud proceeds.
pymnts.com · 2025-12-08
The Alliance released educational resources, including an infographic and financial institution checklist, to combat elder financial exploitation ahead of World Elder Abuse Awareness Day. These tools aim to help banks and credit unions identify and prevent fraud targeting people aged 55 and older, particularly relevant as 101,068 seniors reported $3.4 billion in losses to elder fraud in 2023, with average individual losses of $33,915.
clickondetroit.com · 2025-12-08
A 78-year-old Troy woman lost $8,400 in a grandparent scam where a caller impersonated her son and claimed he was in jail, then sent someone to her house to collect cash as a fake bail bond. The victim realized the scam when she was later asked for an additional $9,200, at which point she contacted police. This incident is part of a broader wave of scams targeting Metro Detroit residents.
timesofindia.indiatimes.com · 2025-12-08
Pranav Patel, an Indian-origin man, was sentenced to six years and three months in prison and ordered to forfeit $1,791,301 for his role as a money mule in a scheme targeting senior citizens between October and December 2023. Operating from overseas call centers, the perpetrators impersonated US Treasury Department officials and defrauded elderly victims by threatening arrest warrants or claiming to safeguard their money and gold, with Patel collecting funds and valuables from victims across the eastern United States. One victim was forced to sell his home due to the scam, and Patel was apprehended in December 2023 while attempting to collect what he
wibqam.com · 2025-12-08
Indiana's Secretary of State Diego Morales is warning elderly residents about financial scams and exploitation, particularly around World Elder Abuse Awareness Day on June 15. The Indiana Securities Division recommends protective measures including naming trusted contacts on accounts, shredding personal documents, and recognizing red flags like threats of arrest or demands for payment via wire transfer, cryptocurrency, or gift cards. Residents seeking fraud prevention education can contact the Secretary of State's Office at 317-232-6681.
General Elder Fraud Scam Awareness Financial Crime Cryptocurrency Crypto ATM Wire Transfer Gift Cards
ksltv.com · 2025-12-08
This educational piece highlights common scams targeting older adults, including phishing texts (such as fake toll fee notices), grandparent scams, and email fraud. Key protective measures include not clicking links from unknown senders, avoiding payment via gift cards or digital transfer apps, verifying suspicious requests with trusted contacts, and reporting scams to banks, local authorities, and the FTC. Seniors are particularly vulnerable due to social isolation and the scammers' use of urgent language and emotional manipulation to bypass critical thinking.
states.aarp.org · 2025-12-08
AARP Illinois is offering a free two-part virtual educational series called "Fraud Watch 101" scheduled for June 23rd and 27th to help older adults recognize and avoid scams. The program covers common fraud tactics, emerging threats like cryptocurrency scams, red flags in suspicious communications, and psychological manipulation techniques used by fraudsters. This is an awareness and educational initiative designed to equip seniors and their families with knowledge to protect themselves from fraud.
madriverunion.com · 2025-12-08
**Title:** Online Fraud Protection for Seniors Seniors face increasing risk from online fraud due to their trust and limited tech experience, with common scams including phishing, grandparent scams, and tech support fraud. The article recommends protective measures such as verifying sender identity, confirming requests through known contacts, never granting device access to unsolicited callers, using strong passwords with two-factor authentication, and reporting suspected scams to banks, the FTC, or local authorities. The McKinleyville Senior Center offers free computer assistance and is hosting a fraud prevention seminar with Coast Central Credit Union on June 27.
kjzz.org · 2025-12-08
Arizona Attorney General Kris Mayes held town halls to educate seniors about increasingly sophisticated scams, including grandparent scams using AI-generated voice clones that impersonate relatives and demand thousands of dollars, as well as text scams impersonating government agencies. According to a 2024 Federal Trade Commission report, older adults lost over $1.9 billion to fraud in 2023. Mayes advised seniors to establish code words with loved ones and to recognize red flags such as requests for wire transfers, gift cards, or cryptocurrency, warning that legitimate government agencies never contact people unsolicited for money or personal information.
wispolitics.com · 2025-12-08
On World Elder Abuse Awareness Day (June 15, 2025), the Wisconsin Department of Financial Institutions issued a public alert highlighting how social isolation—both voluntary and involuntary—significantly increases the risk of financial exploitation among older investors in the state. The awareness campaign emphasizes the connection between elderly isolation and vulnerability to financial fraud and scams.
kwqc.com · 2025-12-08
Two men posing as Federal Trade Commission officials defrauded a 63-year-old Bettendorf resident of $35,000 by claiming their bank account was compromised. When the scammers returned demanding an additional $40,000, police were waiting and arrested 37-year-old Lijin Wang and 39-year-old Chen Xing on charges of conspiracy and felony theft of an elderly individual. This case reflects a broader trend of government impersonation scams targeting seniors, which contributed to over $3.4 billion in elder fraud losses reported to the FBI in 2023.
fox13news.com · 2025-12-08
The United States Postal Service is warning customers about evolving scams including phishing emails, smishing texts, lottery scams, romance scams, and "brushing" scams (where unsolicited items are sent to post fake reviews). Red flags include country codes, spelling errors, and suspicious links in messages claiming to be from USPS. The agency advises victims to monitor credit accounts, freeze credit if necessary, and report scam emails to [email protected] or texts to 7726.
wbrc.com · 2025-12-08
In observance of World Elder Abuse Day, the IRS Criminal Investigation Field Office in Atlanta highlighted that millions of seniors are victimized annually by financial scammers who exploit their trust, with the FBI reporting that seniors lost $8.4 billion to scams in 2024. The IRS provided information on common schemes targeting older adults, including romance scams, lottery scams, government imposter scams, grandparent scams, and tech support scams, and encouraged oversight of seniors' finances by multiple trusted individuals. Resources for fraud prevention and reporting include the National Elder Fraud Hotline (1-833-372-8311), the FBI's Internet Crime Center, the Pass It On
yahoo.com · 2025-12-08
Arkansas seniors suffered $27.25 million in fraud losses during 2024, part of a national epidemic where those over 60 lost $4.885 billion to scams—a 46% increase from 2023. Common schemes targeting older adults include investment fraud, tech support scams, romance scams, and money mule schemes, which succeed because seniors tend to be trusting and may be unfamiliar with reporting mechanisms. The FBI recommends seniors verify unknown contacts through reputable sources, resist pressure to act quickly, avoid unsolicited contact, never share personal information with unverified parties, and report suspected fraud to local law enforcement or IC3.gov.
wvnews.com · 2025-12-08
**Summary:** The FBI Pittsburgh warned that elder fraud complaints reached 147,127 in 2024, resulting in $4.885 billion in losses—a 46% increase in complaints and 43% surge in losses year-over-year, with West Virginia victims reporting $5.7 million in losses. Common schemes targeting seniors include romance scams, investment fraud, tech support scams, and money mule schemes, with fraudsters exploiting seniors' perceived trustworthiness, isolation, and financial stability. The FBI recommends verifying unknown contacts, avoiding pressure-based decisions, protecting personal information, and reporting suspected fraud through the Internet Crime Complaint Center (IC3.gov) to help law enforcement
nwahomepage.com · 2025-12-08
**Elder Fraud on Rise in Arkansas and Nationally** The FBI reported that seniors over 60 lost $4.885 billion nationally in 2024 across 147,127 fraud complaints—a 46% increase from 2023—with Arkansas seniors alone losing $27.3 million to investment scams, technical support scams, money mule schemes, and romance fraud. Seniors are targeted because they tend to be trusting and may be unfamiliar with reporting channels like IC3.gov. The FBI recommends verifying unknown contacts through legitimate sources, resisting pressure to act quickly, avoiding unsolicited communications, never sharing personal information with unverified parties
wlox.com · 2025-12-08
I cannot provide a summary for this content. The article contains local news updates about weather forecasts, parade schedules, and grocery store locations—it does not relate to elder fraud, scams, or elder abuse. Please provide an article relevant to the Elderus database's focus on elder fraud and abuse research.
wfmj.com · 2025-12-08
The Ohio Attorney General's office held an educational conference in Warren addressing growing scam threats targeting seniors, including cryptocurrency scams, lottery fraud, and online relationship schemes aimed at stealing life savings and personal identity information. Experts advised older adults to be cautious with online links and downloads, research before acting, and consider freezing their credit with the three major credit reporting agencies. Resources for assistance include Pro Seniors' free legal hotline at (513) 345-4160 and local adult protective services.
mercercountyoutlook.net · 2025-12-08
Ahead of World Elder Abuse Awareness Day, the FBI issued a public reminder about elder fraud, which caused $4.885 billion in losses across 147,127 complaints in 2024—a 46% increase from 2023. In Ohio specifically, seniors over 60 lost more than $95 million in 2024, with significant losses in investment scams ($31 million), romance scams ($11 million), and tech support scams ($10 million). The FBI emphasizes that scammers target elderly Americans because they are perceived as trusting and financially stable, and advises seniors to verify unknown contacts, resist pressure to act quickly, and report suspecte
paymentsjournal.com · 2025-12-08
Nacha has released new tools to help banks and financial institutions identify and support victims of elder financial abuse, coinciding with World Elder Abuse Awareness Day. Adults over 60 in the U.S. lose an estimated $38.5 billion annually to elder financial abuse, with an average loss of $83,000 per victim, often perpetrated by trusted individuals rather than strangers. The guidance emphasizes establishing clear escalation protocols and training staff to recognize fraud, as 92% of older adults want financial institution employees trained to prevent exploitation.
local10.com · 2025-12-08
South Florida FBI agents are warning seniors about rising elder fraud trends, with impersonation scams (including AI-generated voice calls mimicking grandchildren and tax/immigration-related schemes) and "pig butchering" cryptocurrency investment fraud among the most prevalent tactics. According to FBI Florida data, tech support scams affect the most victims (235 cases), while investment scams cause the highest financial losses at $13.3 million across 105 cases, with agents advising potential victims to stay calm, verify requests through third parties, and recognize urgency tactics as red flags.
cgsentinel.com · 2025-12-08
**Summary:** The Oregon Division of Financial Regulation issued a World Elder Abuse Awareness Day alert highlighting that approximately 1 in 10 Americans age 60 and older experience elder abuse, with financial exploitation losses estimated between $2.6 billion and $36 billion annually. The agency warns that older adults—particularly those who are socially isolated—are disproportionately targeted by scammers using familiarity, fear, and urgency tactics, and advises families to watch for warning signs including suspicious financial changes, new overly-protective relationships, and unexplained asset disappearances. Oregon's mandatory reporting requirements and support resources, including a toll-free hotline and consumer advocate assistance,
wsfa.com · 2025-12-08
The Alabama Securities Commission reported a record 200 elder fraud cases since January, with women aged 71-90 being disproportionately affected, and identified social isolation as a key vulnerability factor that scammers exploit during periods of grief or health crises. Fraudsters use social media information and infiltrate senior groups to build trust, with exploitation ranging from online romance scams to financial abuse by family members and caregivers. The ASC recommends maintaining regular contact with seniors, adding "trusted contacts" to financial accounts, and sharing fraud awareness information to reduce vulnerability to these increasingly sophisticated schemes.
vancouver.citynews.ca · 2025-12-08
Ahead of World Elder Abuse Awareness Day on June 15, 2025, authorities warned that while technology and AI have improved seniors' quality of life, these same advances are increasingly being used to defraud them—with financial abuse being the most common form of elder abuse in Canada. Seniors are targeted because they have accumulated wealth, and fraudsters exploit AI and online platforms to conduct scams largely outside regulatory jurisdiction. The BC Securities Commission created "Scamtones"—specialty ringtones in various musical genres—to remind seniors to be cautious of suspicious phone calls and spark conversations with family members about investment fraud prevention.
finance.yahoo.com · 2025-12-08
CIRO issued a warning on World Elder Abuse Awareness Day noting that scams targeting seniors are rising, with approximately 30% of CIRO enforcement cases involving seniors and one in five Canadians approached with possible investment fraud, primarily through unsolicited emails, texts, calls, and social media messages. The organization provided protective measures including being cautious with unsolicited communications, safeguarding personal information, obtaining legal advice before signing major documents, establishing a Power of Attorney, and naming a trusted contact person with financial advisors, while emphasizing that victims should report suspected fraud immediately to avoid secondary "recovery scams."