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thecourierexpress.com
· 2026-07-30
The Jefferson County Area Agency on Aging held a "Scam Jam" seminar to educate seniors about financial fraud, with speakers warning that scammers stole over $7.7 billion from victims last year and emphasizing that Social Security numbers are primary targets. Key warning signs discussed included urgent calls requesting gift card payments, romance scams targeting lonely seniors, and fraudulent VA benefit schemes charging veterans $2,000-$30,000 when legitimate veteran services are free. Attendees learned practical prevention tips including using secret code words with family, refusing to share personal information, and checking credit reports regularly.
aol.com
· 2026-07-30
A 44-year-old Rosemead man was charged with elder fraud, grand theft, and conspiracy after driving a courier to a Thousand Oaks woman's home to collect $14,000 in cash obtained through a tech support scam. The victim was tricked into believing her computer was infected with malware and that she was under investigation by federal authorities, prompting her to withdraw the cash from multiple banks while remaining on the phone with scammers. The defendant was arrested in July and pleaded not guilty to all charges.
thecorryjournal.com
· 2026-07-30
On July 23, the Union City Police Department presented information to senior citizens at Manly Heights Apartments about common scams and prevention strategies, as scam calls remain a frequent problem in their community. Police Chief David Pernice stated the goal was to educate residents to help minimize the growing trend of fraud targeting seniors.
oswegocountytoday.com
· 2026-07-30
Seniors lost nearly $8 billion to scammers in 2025, with over $350 million specifically from AI-related scams including voice cloning, phishing attacks, and forged documents, representing a 59% increase from 2024. U.S. Senators Gillibrand and Kelly are pressuring nine major AI companies to implement stronger safeguards protecting vulnerable users, particularly seniors and people with disabilities, through a letter requesting details on safety testing and harm tracking. The average senior victim lost $39,000 per incident, prompting Senate Aging Committee hearings and calls for regulatory reforms to prevent fraudsters from exploiting generative AI technology.
pdcn.org
· 2026-07-30
A 73-year-old Baldwin resident was defrauded of $40,000 after receiving a phone call claiming his bank account and social security number were compromised and instructing him to withdraw cash for safekeeping. The victim met an unknown subject in a parking lot on Grand Avenue and handed over the money, later realizing he had been scammed. Junkai Chen, 35, of Fresh Meadows, was arrested and charged with Grand Larceny 3rd Degree in connection with the elder fraud scheme.
abcnews4.com
· 2026-07-30
The Berkeley County Sheriff's Office is launching a free Senior Fraud Prevention Tour with five presentations scheduled through September to educate seniors and families about common scams targeting older adults, including fake bond requests, bank imposter scams, romance scams, cryptocurrency fraud, and AI voice imitation scams. Detective Jeremy Maurer emphasized that seniors are frequently targeted because scammers know they have retirement savings and assets, with one of the fastest-growing threats being artificial intelligence used to imitate loved ones' voices to demand emergency money. The sheriff's office stresses prevention through verification and caution, as money sent to scammers can quickly disappear through multiple accounts or overseas channels.
amsterdamnews.com
· 2026-07-30
Senior New Yorkers are vulnerable to financial abuse involving loss of control over bank accounts, pension checks, and property, often perpetrated by trusted individuals including relatives and caregivers. Popular Bank and NYC Aging partnered during June's Elder Abuse Awareness Month to train staff to recognize and respond to signs of elder financial abuse, with bank employees trained to isolate customers for private conversations and take protective actions such as blocking transactions or redirecting payments. The initiative highlighted that victims often don't report abuse due to embarrassment or concern for their abusers, and that financial institutions are frequently positioned to detect suspicious activity before authorities intervene.
spacedaily.com
· 2026-07-30
In 2022 and 2023, Americans reported losing over $1.3 billion and $1.14 billion respectively to romance scams, affecting approximately 70,000 and 64,000 people with median individual losses of $4,400 and $2,000. Older adults aged 70 and over experienced the highest median losses at $10,000, with total fraud losses among people aged 60 and over rising fourfold from $600 million in 2020 to $2.4 billion in 2024, largely driven by high-value scams involving investment schemes and romance fraud. Romance scams operate through prolonged relationship-building and incremental payment
thecourierexpress.com
· 2026-07-30
The Jefferson County Area Agency on Aging held a Scam Jam educational program where law enforcement and government officials informed seniors about common fraud schemes, warning that scammers stole over $7.7 billion from victims last year. Key warning signs discussed included urgent demands for payment via gift cards, romance scams targeting lonely seniors, imposters falsely claiming VA endorsement, and unsolicited calls requesting personal information or Social Security numbers. Officials advised seniors to use protective measures such as establishing secret code words with family, checking credit reports regularly, and contacting accredited Veterans Service Offices rather than paying private companies up to $30,000 for benefit claims.
wdrb.com
· 2026-07-30
Senators held Capitol Hill hearings to examine how artificial intelligence impacts employment and increases fraud risks, with particular focus on scams targeting older Americans. The lawmakers discussed both workforce changes driven by AI technology and the growing threat of AI-enabled scams that disproportionately affect seniors. The hearings highlighted concerns about protecting vulnerable populations from emerging fraud schemes enhanced by artificial intelligence.
newson6.com
· 2026-07-30
Scammers in Oklahoma are using increasingly sophisticated tactics including phone calls, texts, emails, and artificial intelligence to defraud people, with the FTC reporting $59 billion in losses nationally in a single year. According to AARP Oklahoma's Fraud Watch Network, common scams include emergency/grandparent scams enhanced by AI, and fraudsters are targeting people of all ages across multiple platforms. The AARP Fraud Watch Helpline (877-908-3360) offers trained specialists to help identify potential scams and, in some cases, prevent financial loss before it occurs.
wsbtv.com
· 2026-07-30
Bipartisan lawmakers are advancing legislation (H.R. 9500) to allow fraud victims to deduct losses from financial scams, addressing a tax code gap created by the 2017 Tax Cuts and Jobs Act that left victims responsible for taxes and early-withdrawal penalties on stolen retirement funds. The House Ways and Means Committee unanimously approved the bill, which would let victims claim theft-loss deductions and potentially provide retroactive relief for those affected over the past eight years. The legislation aims to prevent the "second kick when you're down" scenario where crime victims face additional financial harm through IRS tax bills on money stolen by fraudsters.
commbank.com.au
· 2026-07-29
Financial abuse of older Australians is often hidden within trusted relationships rather than perpetrated by strangers, making it difficult to detect through standard fraud indicators. Commonwealth Bank's Head of Customer Vulnerability emphasizes that effective prevention requires a combination of staff training, technology-assisted detection, and human judgment centered on protecting customer autonomy and dignity. The abuse frequently involves family members or caregivers who exploit mechanisms like enduring powers of attorney or wills, with research showing 52% of Australians over 65 have granted someone power of attorney.
broadandliberty.com
· 2026-07-29
In 2024, Kris Vollrath's parents fell victim to a Publisher's Clearing House sweepstakes scam in which they sent approximately $35,000 in payments before the fraud was discovered. The scammer used fake official documents and built trust over six weeks while instructing the victims to keep the scheme secret, exploiting the shame and confusion that kept them from reporting it initially. Vollrath describes how elder fraud targeting seniors in Chester County communities requires stronger state legislation, including enhanced criminal penalties, interstate coordination tools, and bank protections to flag suspicious transactions.
americanbanker.com
· 2026-07-29
A 76-year-old New Jersey retiree, Jeffrey Maas, lost nearly $400,000 to scammers who impersonated PNC Bank employees and convinced him to wire money for gold purchases; he is suing PNC for negligence, claiming two bank employees failed to question suspicious large withdrawals despite red flags. The case highlights the legal gap in the U.S. where federal law does not require banks to reimburse customers who voluntarily transfer funds to fraudsters, though Maas is pursuing the lawsuit under state law. Elder fraud is a growing crisis, with Americans over 60 losing $4.9 billion in 2024 alone, prompting calls for banks to
cachevalleydaily.com
· 2026-07-29
Box Elder County officials are warning of ticket scams targeting the Golden Spike Rodeo, with fraudulent tickets being listed online for up to $11,000. Scammers are posting fake tickets on Facebook and third-party resale websites, using red flags like incorrect dates, inflated prices, and non-existent seating rows. Authorities recommend purchasing tickets only through the official website rodeoticket.com or trusted individuals, and caution that legitimate ticket emails won't be sent until about one week before the event.
kvnutalk.com
· 2026-07-29
Box Elder County officials are warning the public about ticket scams targeting the Golden Spike Rodeo, with fraudulent tickets listed online for up to $11,000. Scammers are posting fake or misleading tickets on Facebook and third-party resale websites, using red flags like incorrect dates, inflated prices, and nonexistent seating rows. Officials recommend purchasing tickets only through the official website rodeoticket.com or from trusted individuals, and caution that legitimate ticket emails won't be sent until about one week before the event.
cryptobriefing.com
· 2026-07-29
Americans lost an estimated $11.4 billion to cryptocurrency fraud in 2025 according to FBI data, with the true toll potentially reaching $81 billion when accounting for underreporting, representing a 22% increase from the prior year. Seniors aged 60 and older were disproportionately victimized, filing 44,555 complaints and losing $4.4 billion combined—a 57% increase from 2024—as they are targeted through investment scams, impersonation schemes, and "pig butchering" operations that exploit their savings and trust in authority figures. The professionalization of crypto fraud operations and concentration of losses among older Americans is driving regulatory pressure and bipart
modernghana.com
· 2026-07-29
A 41-year-old Ghanaian man, Derrick Van Yeboah, was sentenced to 85 months in prison for leading a transnational cybercrime network that defrauded victims of over $100 million through romance scams and business email compromise schemes. Van Yeboah personally orchestrated fraud totaling more than $10 million, including $4.2 million from women in Ohio and Delaware between 2019-2020, and was ordered to forfeit over $10 million. The Ghana-based syndicate targeted dozens of victims, particularly elderly individuals, by building fake romantic relationships and impersonating business executives to extract money that was then laundered and transferred
citinewsroom.com
· 2026-07-29
Derrick Van Yeboah, a 41-year-old Ghanaian man, was sentenced to 85 months in prison for leading a transnational cybercrime syndicate that defrauded victims of over $100 million through romance scams and business email compromise schemes. The Ghana-based criminal network targeted dozens of victims, particularly elderly men and women, using fake online relationships and impersonation of company executives to steal funds, with Van Yeboah personally accountable for over $10 million in fraudulent proceeds. In addition to prison time, he was ordered to forfeit $10,149,429.17 and serve two years of supervised release.
bbc.com
· 2026-07-29
Ghanaian national Derrick Van Yeboah was sentenced to 7 years imprisonment by a US court for his role in an international romance scam network that stole over $100 million from victims, including vulnerable elderly Americans. Yeboah personally defrauded at least two women of $4.2 million using fake identities and deceived a North Carolina man into sending $123,000 under false pretenses. The court ordered him to forfeit $10 million in assets, and his case is part of a broader FBI investigation into eight Ghanaians involved in organized romance fraud and money laundering schemes targeting US citizens.
lilifepolitics.com
· 2026-07-29
A 73-year-old Baldwin man lost $40,000 in June after receiving a phone call claiming his bank account and Social Security number were compromised, instructing him to withdraw cash and meet an unknown person in a parking lot. Junkai Chen, 35, of Fresh Meadows, was arrested and charged with Grand Larceny in the Third Degree after police investigation identified him as the perpetrator of this elder fraud scheme.
wbbjtv.com
· 2026-07-29
Thomas Coley pleaded guilty to theft over $10,000 after scamming a 77-year-old Milan, Tennessee resident in December 2025 by impersonating an "Apple Security" employee and convincing her to withdraw $39,600 in cash. Coley was arrested in Dunwoody, Georgia with assistance from security video and police cameras, and paid full restitution of $39,600 on the day of his plea, receiving a seven-month sentence with the remainder of his five-year sentence suspended upon completion of that restitution.
legalreader.com
· 2026-07-29
Shayna Williams, 51, of Westfield, pleaded guilty to wire fraud for defrauding an elderly victim of over $500,000 in a six-year scheme involving false claims about injuries and medical expenses from a car accident. Williams repeatedly lied about medical conditions, impersonated insurance agents via text messages, and promised reimbursement to convince the victim to pay her fabricated bills, while the victim took out personal loans, obtained a second mortgage, and worked as a delivery driver to cover the costs. Williams spent the stolen money on personal expenses including restaurants, travel, and gambling despite knowing the victim was incurring significant debt.
liherald.com
· 2026-07-29
A 35-year-old Queens man was arrested for defrauding a 73-year-old Baldwin resident of $40,000 in an elder scam where the victim received a fraudulent call claiming his bank account was compromised and was instructed to withdraw cash. The victim met an unknown individual in a parking lot and handed over the money before realizing the scheme. Junkai Chen is charged with third-degree grand larceny and was scheduled for arraignment.
aba.com
· 2026-07-29
The American Bankers Association testified before the Senate Special Committee on Aging about the growing threat of AI-enabled fraud targeting seniors, warning that generative AI is making scams more convincing, personalized, and scalable by enabling criminals to create deepfakes and impersonate trusted identities at low cost. The ABA outlined how banks are using AI and analytics to detect suspicious activity while calling for coordinated federal action, including establishing a National Office for Scam and Fraud Prevention, strengthening telecommunications safeguards, and modernizing identity authentication systems. No specific dollar amounts or individual victim cases were detailed in this policy testimony focused on the broader need for coordinated protections against AI-driven elder fraud.
hoodline.com
· 2026-07-29
Abdoul Issaka Assimiou, 38, from Parma, was sentenced to 63 months in federal prison for operating a romance scam that defrauded 15 elderly victims of over $220,000 between December 2017 and March 2024. The scheme involved creating fake online personas on dating websites and social media to build trust with victims before soliciting wire transfers under false pretenses like gold inheritances, with proceeds being funneled to accounts Assimiou controlled and used to purchase goods shipped to co-conspirators in Ghana. Assimiou was ordered to pay $220,485 in restitution to his victims as part of his
consumeraffairs.com
· 2026-07-29
Seniors are increasingly using prepared "scam scripts"—written responses kept by the phone—to protect themselves from phone scammers impersonating banks, Medicare, and Social Security. The scripts interrupt scammers' ability to create urgency and build trust by allowing victims to disengage immediately without providing personal information or making decisions under pressure. Experts recommend simple responses like "I don't provide personal information over the phone" or "I'll call the company back using the official number," paired with habits like letting unknown calls go to voicemail and verifying caller identity independently.
clintonnc.com
· 2026-07-29
Star Communications is hosting a free community event on August 12 in Clinton to educate senior citizens about recognizing scams, protecting personal information, and staying safe online, in response to reports from the Sampson Sheriff's Office documenting increased scam activity targeting local elderly residents. The training will cover tactics used by scammers, including phishing emails, voice impersonation using advanced technology, and phone calls posing as law enforcement or hospital staff seeking urgent money transfers, with attendees taught practical prevention strategies like hovering over email addresses and requesting to call suspicious callers back.
clintonnc.com
· 2026-07-29
Star Communications is hosting a free educational event on August 12 in Clinton to help senior citizens recognize and protect themselves from scams, which have become increasingly prevalent in the area according to the Sampson Sheriff's Office. The training will cover common scam tactics including phishing emails, fraudulent phone calls using voice imitation technology, and impersonation schemes where scammers pose as law enforcement or hospital staff to extract money. No specific dollar amounts of losses are mentioned, but the event aims to teach seniors how to verify email addresses, recognize urgency tactics, and safely handle suspicious communications.
kucoin.com
· 2026-07-29
In 2025, Americans reported $11.366 billion in cryptocurrency fraud losses across 181,565 complaints, a 22% increase from the prior year, with seniors aged 60 and older accounting for $4.4 billion in losses—a 57% jump from 2024. Older Americans are disproportionately targeted through investment scams, impersonation schemes, and "pig butchering" operations because they hold more savings, are less familiar with crypto, and are more trusting of authority figures. The FBI report highlights organized criminal enterprises conducting increasingly sophisticated fraud operations, putting significant regulatory pressure on crypto exchanges and platforms.
livingstonenterprise.com
· 2026-07-28
Montana State Auditor James Brown warns that older adults are increasingly targeted by scammers due to larger savings, social isolation, and unfamiliarity with emerging technologies, with reports of losses exceeding $100,000 increasing sevenfold from 2020 to 2024 according to the Federal Trade Commission. Brown's office has partnered with financial institutions to stop over $2 million in fraud losses for 16 Montanans this year, with 15 cases involving seniors over 60 who were tricked into sending money to fraudsters. The state offers up to $50,000 in restitution through its security fraud fund to help victims recover losses and stabilize their finances.
fincrimecentral.com
· 2026-07-28
Scott Kelley, a former U.S. Postal Inspector and Mail Fraud Unit Team Leader, pleaded guilty to stealing over $330,000 in cash from approximately 1,950 mail parcels sent by elderly scam victims between 2019 and 2023, then laundering the funds through luxury purchases including home renovations and vacations. The scheme exploited his position to intercept packages flagged as likely containing money from fraud victims, with seven identified elderly victims averaging 75 years old who lost between $1,400 and $19,100 each. Kelley faces a statutory fine up to $500,000 and potential decades of imprisonment for money laundering and related financial
indailyqld.com.au
· 2026-07-28
The Stand Up, Speak Out Australian Elder Abuse Conference brought together over 400 experts and advocates on Australia's Gold Coast to address elder abuse, with particular focus on financial abuse, which accounted for approximately 70 percent of inquiries to Queensland's Elder Abuse Prevention Unit Helpline in 2024-25, totaling about 1,800 calls. The three-day conference featured discussions on whether elder abuse should become a standalone criminal offense and included workshops on preventing financial abuse, which is recognized as one of the most common forms of elder mistreatment. The event emphasized that addressing elder abuse requires systemic responsibility across governments and providers, not just reporting by older people themselves.
glensidelocal.com
· 2026-07-28
A 75-year-old man in Warminster Township was defrauded of $35,000 in an impersonation scam where suspects posed as Federal Deposit Insurance Corporation (FDIC) representatives and instructed him to withdraw cash from multiple bank locations on June 15, claiming it was for home renovations. The victim was then transported to his home where unknown individuals picked up the cash, making it one of the most elaborate fraud cases handled by Warminster police. Authorities are seeking to identify the drivers and suspects involved in the scheme.
einpresswire.com
· 2026-07-28
Montana State Auditor James Brown warned that elder fraud targeting seniors over 60 has surged dramatically, with reports of $100,000+ losses increasing sevenfold from 2020-2024, and his office received 54 fraud complaints in 2026 with three-quarters involving victims over 60. Common scams include romance schemes, grandparent impersonation, and fake tech support, with perpetrators manipulating emotions and creating urgency to pressure victims into sending money via gift cards or cryptocurrency. Montana's auditor's office has blocked over $2 million in fraud losses this year and provides up to $50,000 in restitution through a security fraud fund.
azfamily.com
· 2026-07-28
Seniors are particularly vulnerable to financial scams due to factors such as cognitive decline, social isolation, and trust in authority figures, which scammers exploit through various schemes including romance scams, tech support fraud, and grandparent scams. Older adults often have accumulated savings and may be less familiar with modern technology and fraud tactics, making them prime targets for criminals. Financial institutions and family members are encouraged to monitor accounts and educate seniors about common warning signs to help prevent victimization.
iol.co.za
· 2026-07-28
Two suspects, Sikelelwa Nqunu and Chibuzor Joseph, were arrested on July 24 in connection with a R14 million romance fraud and money laundering scheme that targeted an elderly woman between 2017 and 2018. The fraudsters created fake dating profiles to build trust with the victim, then repeatedly requested money under false pretenses such as failed trips and urgent fines. The arrests are part of a larger investigation involving seven suspects total, with the case proceeding through the Muizenberg Magistrate's Court.
northshoredailypost.com
· 2026-07-28
Blessing scams targeting elderly Chinese residents in Vancouver have doubled in 2026, with 13 reported incidents resulting in losses exceeding $300,000 in cash, gold, and jewelry compared to six incidents totaling $200,000 in 2025. Criminals approach victims, use cultural fears and manipulation to convince them their families face curses, then escort them to retrieve valuables which are switched for worthless items like cornstarch through sleight of hand. The Vancouver Police Department believes the suspects operate internationally and most crimes have occurred in east and southeast Vancouver, with investigators seeking the public's help identifying wanted suspects.
thevibes.com
· 2026-07-28
Malaysian police dismantled two major transnational scam syndicates operating from luxury properties in Forest City, arresting over 330 suspects in the country's largest coordinated crackdown on illegal call centers. The networks allegedly targeted victims across China, Indonesia, Japan, the United States, and Europe through romance scams, investment fraud, cryptocurrency schemes, and impersonation plots, with elderly individuals among primary targets. Police seized approximately RM2 million worth of electronic equipment and are investigating suspects for cheating and immigration violations.
consumerfed.org
· 2026-07-28
Americans lost an estimated $148.2 billion to online scams in 2025, a 25.8% increase from 2024 and over seven times higher than the $20.8 billion reported to the FBI, with seniors aged 60+ losing an average of $38,500 per incident. Cryptocurrency scams accounted for over half of reported losses at $11.4 billion, while newly measured AI-enabled fraud added $6.3 billion to the total. Social media platforms, particularly Meta's Facebook, Instagram, and WhatsApp, remain central to the scam economy, with policymakers introducing legislative measures like the SCAM Act to increase platform accountability and consumer protection.
record-bee.com
· 2026-07-28
In 2023, elder fraud targeting individuals aged 60 and older resulted in over $3.4 billion in losses, with the average victim losing $33,915, according to FBI data. More than 101,000 seniors reported scams to the Internet Crime Complaint Center, with investment scams being the costliest type at over $1.2 billion in losses, followed by tech support scams, romance scams, and government impersonation scams. The author shares her experience nearly falling for a fake Bill Gates video promoting fake Alzheimer's cure supplements, illustrating how professionally designed scams can deceive even cautious consumers.
aba.com
· 2026-07-28
Paul Benda, Executive Vice President for Risk, Fraud and Cybersecurity at the American Bankers Association, testified before Congress on how generative AI is enabling criminals to industrialize traditional scams against seniors by creating convincing deepfakes, voice imitations, and fraudulent personas at low cost and scale. He emphasized that older Americans are particularly vulnerable because losses may represent irreplaceable retirement savings and that criminals exploit trust and authority rather than targeting unsophisticated victims. Benda outlined the banking industry's defensive use of AI to detect fraud while calling for practical consumer protections and targeted policy recommendations from Congress and federal agencies.
wcti12.com
· 2026-07-28
The New Bern Police Department is warning of a rising trend in scam calls targeting seniors, where fraudsters impersonate Medicare and IRS officials to create panic and extort personal information or immediate payment. Legitimate government agencies will not threaten, demand payment, or request Social Security or Medicare numbers over the phone.
oag.ca.gov
· 2026-07-28
California's Attorney General secured a $15 million settlement with Sweetwater Care Resource, a skilled nursing facility chain that systematically understaffed its 17 facilities in violation of state law from 2021 to 2024 while accepting tens of millions in Medi-Cal funds. The investigation found over 14,000 instances where Sweetwater nursing homes fell below California's mandatory minimum staffing requirements of 3.5 direct care hours per resident day. The settlement includes $12.5 million in penalties and $2.5 million toward staffing improvements, plus a three-year independent compliance monitor for all Sweetwater facilities.
neusenews.com
· 2026-07-28
A 21-year-old New York man, Ravi Punia, was extradited to North Carolina and charged with defrauding an elderly Lenoir County resident through a federal impersonation scam in May 2026. The victim was tricked into sending money via wire transfers, mailed cash, and Apple gift cards after scammers falsely claimed her bank accounts were compromised. Punia faces charges including obtaining property by false pretenses, possession of stolen goods, and identity fraud.
wcti12.com
· 2026-07-28
A 21-year-old New York man was extradited to Lenoir County after being identified as a participant in an impersonation scam targeting an elderly woman who believed her bank accounts had been compromised. The victim was defrauded after scammers posing as federal government representatives instructed her to send funds through wire transfers, mailed cash, and Apple gift cards. Ravi Punia of Jamaica, New York, was arrested in June 2026 and charged in connection with the scheme.
patch.com
· 2026-07-28
The Macomb County Prosecutor's Office is hosting a scams prevention presentation in Clinton Township, Michigan, designed to educate seniors, families, and guardians about fraud schemes, telemarketing scams, and financial exploitation tactics. The event will cover protective strategies, elder abuse prevention, guardianship information, nursing home selection, and residents' rights, with an interactive Q&A session. No specific fraud cases or dollar amounts are mentioned; this is an educational awareness initiative rather than a report of actual scam incidents.
abc11.com
· 2026-07-28
Americans aged 60 and older lost nearly $8 billion to scams in the past year, with fraudsters targeting seniors' access to investment accounts and home equity through increasingly sophisticated methods. Scammers exploit seniors' increased social media use to build trust and convince victims to transfer funds through fake authority calls impersonating banks or requesting purchases of assets like gold. Experts recommend ignoring unsolicited communications and verifying information directly through official institution websites rather than clicking provided links.
uniteddaily.my
· 2026-07-28
A 70-year-old man in Miri was defrauded of over RM360,000 through a high-return investment scam. Scammers promised unusually high investment returns to lure the victim into sending money through multiple transactions. The elderly victim lost his savings to the fraudulent scheme before the scam was uncovered.