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in Bank Impersonation
liherald.com
Over 80 seniors attended an educational seminar in West Hempstead to learn scam prevention strategies, as the FBI reported that people aged 60 and older suffered the largest losses in 2024's $16 billion in online scams and cybercrimes. Nassau County Police Officer Eugene Messmer presented the SCAM framework (Stop, Check, Alert, Mention) and detailed common scams including phone/email fraud, IRS imposters, sweepstakes schemes, and identity theft, emphasizing that scammers use professional tactics and recommending verification steps like calling back through official numbers. Key prevention advice includes never clicking suspicious links, refusing to pay via wire transfer or gift cards, protecting personal
dfpi.ca.gov
Mail fraud through the USPS takes several forms—imposter scams (posing as government agencies or banks), sweepstakes/lottery schemes (claiming unearned prizes), unsolicited offers (unusually low prices or phony inheritances), and mail theft—all using sophisticated tactics to extract money or personal information. Red flags include unsolicited contact, pressure to act quickly, requests for payment before receiving benefits, and offers that seem too good to be true. To protect yourself, verify communications directly with official sources, never send cash through mail, use tracking services like Informed Delivery, and report suspected mail fraud to the United States Postal Inspection Service at 877-876-2455.
usatoday.com
Two Georgia residents lost over $20,000 to phone scams in April 2024: a 50-year-old man paid $2,000 in cryptocurrency after a caller impersonating a sheriff's deputy claimed he had an arrest warrant, while a 62-year-old man lost $12,000 (later reimbursed) plus an additional $7,550 in unauthorized charges after providing debit card information to someone posing as a bank official. The Oconee County Sheriff's Office warned the public that law enforcement never demands payment via gift cards, cryptocurrency, or money transfer services to avoid arrest.
news5cleveland.com
The Cuyahoga County Scam Squad released a 23-page guide to help residents identify, prevent, and report scams by explaining how fraudsters manipulate emotions and what information they target. The guide includes an action plan section where people can pre-plan responses to suspicious calls, texts, emails, or letters—such as verifying bank contacts independently rather than following caller instructions. Paper copies are available at local libraries and online.
koco.com
A scam expert discusses the rising threat of elder fraud, noting that nearly 4 million people have reported scams with average losses of $19,000, with criminals increasingly using AI and voice spoofing technology to impersonate grandchildren and celebrities. Key protective measures recommended include securing mailboxes, installing video doorbells, regularly monitoring financial statements, enabling two-factor verification on accounts, using biometric identification on smartphones, and establishing secret passcodes with family members to verify identities during unexpected calls.
fox5vegas.com
This FOX5 investigative piece provides guidance for identity theft victims, noting that an estimated 18 million Americans fell victim to identity theft last year. The article recommends immediate steps including reporting to the FTC and local police, contacting your bank to secure accounts, freezing credit reports, placing fraud alerts, and continuously monitoring accounts and credit reports for unauthorized activity.
wkyc.com
Consumers reported losing $470 million last year to text message scams, according to FTC data. A viewer received fraudulent texts impersonating Facebook, claiming account suspension and requesting personal information to verify ownership—a common phishing tactic that uses urgency and threats to family members to manipulate victims. The Better Business Bureau advises ignoring unsolicited texts from unknown numbers and using reverse image searches to verify suspicious content before responding.
tmj4.com
Kenosha, Wisconsin residents are falling victim to a rising cryptocurrency ATM scam where scammers trick victims into depositing cash into bitcoin machines, with three victims losing a combined $60,000 in untraceable funds. Scammers pose as police, banks, or tech support and pressure victims with urgent demands for payment, sometimes instructing them to deposit specific amounts like $9,500 into crypto ATMs. The Kenosha Police Department advises residents to hang up on suspicious calls, refuse urgent money demands, never use crypto ATMs, and is calling for state regulations similar to Minnesota and North Dakota that limit daily crypto ATM deposits to $2,000.
pintu.co.id
**Summary:**
Retired artist Ed Suman, age 67, lost over $2 million in cryptocurrency assets (17.5 Bitcoin and 225 Ethereum) after falling victim to a phishing scam involving fake text messages and emails impersonating Coinbase security staff. The scammers, who obtained personal data including Suman's wallet type through a data breach at Coinbase caused by a bribed third-party support contractor, tricked him into entering his seed phrase on a fake website designed to mimic Coinbase's interface. The incident was one of multiple attacks following a social engineering-based breach at Coinbase that began in January 2025 and involved attackers attempting
foxnews.com
SuperCard X is an Android malware distributed via fake bank text messages that uses NFC relay technology to remotely copy card data and conduct unauthorized contactless payments or ATM withdrawals without requiring the physical card or PIN. Victims are tricked into installing a fraudulent security app through social engineering, where attackers impersonate bank representatives and instruct them to tap their card against the infected phone. The malware operates as a Malware-as-a-Service model, targets any cardholder regardless of bank, and remains difficult to detect due to minimal permissions and stealthy design.
durbin.senate.gov
**Crypto ATM Fraud Targeting Seniors**
Senator Dick Durbin proposed an amendment to the GENIUS Act (cryptocurrency regulation legislation) aimed at preventing crypto ATM scams that disproportionately target elderly Americans. According to FTC data, consumer losses from crypto ATM fraud increased nearly tenfold from $12 million in 2020 to $114 million in 2023, with the FBI receiving nearly 2,700 complaints from individuals aged 60 and older in 2023 alone—more than all other age groups combined. Durbin's amendment seeks to add transaction protections and require greater transparency from crypto ATM operators, mirr
nasdaq.com
This educational article explains why retirees are targeted for financial fraud and describes common scams affecting older adults. Americans over 60 lost more than $3.4 billion to scams in 2023, with victims aged 80+ reporting average losses of $1,450—nearly three times higher than younger victims. The piece identifies key vulnerabilities (accumulated wealth, lower tech familiarity, trusting nature, social isolation) and provides warning signs and protection strategies for imposter scams (posing as IRS, Medicare, Social Security) and tech support scams, emphasizing awareness as the primary defense against financial fraud.
ntd.com
Since April 2025, scammers have impersonated senior U.S. officials using text messages (smishing) and AI-generated voice calls (vishing) to target government officials and their contacts, then using compromised accounts to conduct follow-up impersonation scams for financial gain or personal information. The FBI and CISA warn against sharing sensitive information with unknown callers, recommend verifying new contact methods through trusted sources, and suggest families establish secret phrases to confirm identities. Tactics include fake subscription renewals, giveaways, legal threats, and AI voice cloning of loved ones requesting emergency funds.
m.economictimes.com
Impersonation scams are increasingly sophisticated, exploiting digital banking and UPI apps through fraudulent calls and emails that mimic legitimate financial institutions and government agencies. Key warning signs include unsolicited requests for passwords or OTPs, pressure to act quickly, demands for secrecy, and slight variations in sender email addresses—legitimate organizations never request sensitive information via phone or email. Experts recommend never sharing private information, enabling multi-factor authentication, verifying requests by calling contacts directly, and remaining skeptical of offers promising unrealistic returns or urgent money transfers.
thepress.net
The county issued a public awareness warning about ten common phone and internet scams targeting residents, including grandparent scams, government imposter schemes, technology support fraud, romance scams, charity fraud, lottery scams, investment schemes, home repair fraud, phishing emails and texts, and utility payment scams. The advisory educates the public on how to identify and recognize these fraudulent tactics to protect themselves from financial loss and identity theft.
fox5atlanta.com
An elderly Johns Creek, Georgia woman lost $47,000 in a scam that began with a pop-up message while she was doing an online crossword puzzle. Scammers used spoofed caller IDs to impersonate Bank of America employees and police officers, convincing her to transfer funds to a Bitcoin machine for "account protection" and attempting to extract an additional $10,000. Police advise residents to avoid sending money to unknown sources and to call 911 if targeted, emphasizing that scammers exploit fear and urgency.
timesofindia.indiatimes.com
An 80-year-old retired Maharashtra government official lost Rs 4.2 crore in a sophisticated digital arrest scam that began in April when fraudsters impersonated telecom and law enforcement officials, falsely claiming money laundering charges and an arrest warrant against him. The scammers used fake video calls simulating a Supreme Court hearing, the fabricated concept of "digital arrest" with threats of surveillance, and psychological pressure to coerce the victim into transferring his life savings to accounts they claimed were government-monitored. The fraud was only discovered when the victim's son investigated the transactions and confirmed the scam.
daijiworld.com
A 73-year-old man from Kasargod lost Rs 42.41 lakh after investing in a fraudulent online trading platform on February 29, 2025, with cyber police now investigating the case. The article advises that vigilance is essential to avoid such scams: never share banking details or OTPs, disregard threats of "digital arrest" (which does not exist in Indian law), and report suspected scams to authorities immediately.
nkytribune.com
U.S. consumers lost over $12.5 billion to fraud in 2024, a 25% increase from the prior year, with investment scams accounting for $5.7 billion in losses. Adults aged 60+ are particularly vulnerable, having lost $3.4 billion in 2023 alone to scams including tech support, grandparent, and government impersonation schemes. The article recommends consumers verify caller identity by hanging up and calling their bank directly, never share account credentials or one-time access codes, and ignore unsolicited payment requests, as legitimate banks will never ask for such information.
express.co.uk
Nationwide Building Society warns that romance scams result in victims rarely recovering their money, with scammers typically disappearing after funds are sent. In 2022, romance fraud cost UK victims £31.3 million, with 29% of online daters reporting being asked for money by someone they haven't met in person, and over half complying with these requests. The institution advises victims to immediately contact their bank with evidence and outlines seven prevention steps, including staying on reputable platforms, avoiding money discussions before meeting in person, conducting background research on potential matches, and consulting trusted friends or family about new relationships.
jocoreport.com
An 81-year-old man in Benson lost $17,000 to a grandparent scam in which scammers impersonated his grandson and then a lawyer, claiming the grandson needed bail and legal fees for a traffic accident. The victim withdrew cash twice and left envelopes outside his home for pickup before realizing his grandson had not been in an accident; the Johnston County Sheriff's Office is investigating the case.
klarna.com
This educational guide from Klarna outlines common fraud and scam types affecting consumers, including phishing, impersonation, fake investment schemes, robocalls, online shopping fraud, job scams, and scams targeting elderly individuals. The article advises protecting personal information by never sharing credentials unsolicited, recognizing red flags such as unexpected urgent requests, untrustworthy websites, and promises that seem too good to be true, and verifying merchant legitimacy through store reviews, return policies, and contact information before making purchases.
hk-now.com
Killingworth's Committee on Aging held a two-hour Scam and Fraud Prevention Program on May 3, 2025, where attorney Don Phillips, legal services representative Erica Basoli, and State Trooper Rick Mulhall educated seniors about common fraud schemes including bank/credit card scams, gift card fraud, home repair scams, romance scams, tech support scams, and fake prize offers. The presenters advised seniors to avoid sharing personal information on social media, resist urgency tactics, report all scams to authorities, and verify legitimacy through official channels, while emphasizing that legitimate businesses should be registered, insured, and provide written contracts.
yourvalley.net
Kingsley Sebastian Ibhadore, a 40-year-old Glendale man, was sentenced to 17 months in prison on May 5 for his role as a "money mule" in online romance scams, pleading guilty to structuring charges. Between July 2019 and March 2020, Ibhadore used 24 bank accounts under multiple aliases to withdraw over $500,000 in small amounts below federal reporting thresholds, deliberately concealing and distributing funds stolen from romance scam victims. Surveillance footage documented him conducting transactions using fraudulent identities at multiple Arizona banks even after confirming the money originated from romance scams.
yourvalley.net
Kingsley Sebastian Ibhadore, a 40-year-old Glendale man, was sentenced to 17 months in prison on May 5 for his role as a "money mule" in online romance scams, having pleaded guilty to conspiring to commit structuring. Between July 2019 and March 2020, Ibhadore used 24 bank accounts under false identities to deposit and withdraw over $500,000 in romance scam proceeds in amounts below federal reporting thresholds to avoid detection. Surveillance footage captured him conducting transactions using fraudulent identities at multiple Arizona banks, and he continued the illegal activity even after confirming the funds came from romance sc
people.com
The Better Business Bureau warns that scammers are creating fraudulent websites claiming to offer REAL IDs online without requiring in-person DMV visits, capitalizing on confusion and urgency as the federal REAL ID requirement took effect on May 7, 2025. To obtain a legitimate REAL ID, applicants must visit their local DMV in person with required documentation; consumers should avoid any online offers and never provide bank account or credit card information. The BBB advises reporting suspicious websites to the BBB Scam Tracker.
chicagocrusader.com
Over 75 seniors and family members attended a Fraud and Scam Prevention Seminar in Chicago on May 6, presented by JPMorgan Chase, the Chicago Police Department, and Chicago Commons, to learn protective strategies against financial fraud targeting older Americans. Illinois residents lost over $324 million to scams in the previous year, with seniors remaining highly vulnerable, and the event educated participants on common tactics including romance fraud, fake IRS calls, tech support scams, and impersonation schemes using the "Four Ps" framework (Pretend, Problem/Prize, Payment, Pressure). Attendees received practical guidance on fraud prevention, including setting up account alerts, using unique passwords, enabling
justice.gov
Kingsley Sebastian Ibhadore, a 40-year-old Glendale resident, was sentenced to 17 months in prison in May 2025 for serving as a "money mule" in online romance scams, laundering over $500,000 in fraud proceeds through 24 bank accounts under false names while structuring withdrawals to evade federal reporting requirements. Between July 2019 and March 2020, Ibhadore deposited victims' money into accounts opened with fraudulent identities and withdrew it in small amounts to avoid detection, continuing the scheme even after acknowledging the funds came from romance scams. The U.S. Secret Service investigation revealed he conducted transactions
ktnv.com
Seniors in Henderson, Nevada are being targeted by scammers using calls, emails, and AI-generated voices to steal money, with one woman's mother losing a quarter of her net worth over nearly two years before intervention stopped the fraud. According to the Federal Trade Commission, people lost $12.5 billion to scams in 2024, a 25% increase from 2023, with seniors particularly vulnerable to employment offers, loan scams, tech support fraud, and AI impersonation calls. Former FBI agent Thomas Quilty recommends seniors establish secret code words with family, limit WiFi connections, use strong passwords, and report fraud without shame to help combat the growing problem.
aol.com
According to the FBI's 2024 Internet Crime Report, Americans over 60 lost approximately $4.885 billion to cybercrimes in 2024—about 40% of all reported cybercrime losses—averaging $83,000 per victim, representing a 46% increase in complaints from the prior year. Seniors are particularly vulnerable due to declining digital literacy and financial awareness, with investment scams, tech support scams, and romance scams causing the largest losses, often involving cryptocurrency. The most common cyberattacks targeting this demographic include phishing, spoofing, extortion, sextortion, and personal data breaches, with criminals exploiting loneliness and trust
aol.com
According to the FBI's 2024 Internet Crime Report, Americans aged 60+ reported approximately 147,000 cybercrimes totaling $4.885 billion in losses, averaging $83,000 per victim—representing 40% of all cybercrime losses despite being a portion of complainants. Seniors are particularly vulnerable to phishing, tech support scams, investment fraud, and romance scams due to declining digital literacy and social isolation, with investment scams causing the largest financial losses for this age group.
ice.gov
A Cameroonian criminal organization operating across southern California defrauded at least 100 elderly victims of over $10 million through phone and email scams impersonating law enforcement and bank employees, as well as fake real estate sales schemes. Leslie Kibula Bongajum, 34, is wanted on money laundering charges after three co-conspirators were arrested in February 2024; the group created 36 shell companies, 145 fraudulent bank accounts, and 32 fake mailboxes to launder stolen funds and facilitate their asylum system abuse. The conspiracy operated from at least November 2021 to the present, with victims tricked into transferring money to accounts controlled by
aol.com
A Florida man was scammed out of $55,000 after a caller posing as a Wells Fargo employee claimed his account was under investigation and instructed him to withdraw cash and surrender it in person; the suspect, Terol Castel Lyn, also impersonated an FBI agent to pressure additional payments before being arrested in a sting operation. This case reflects a broader surge in elder fraud, with Americans over 60 reporting $4.8 billion in losses to internet crimes in 2024—a 40% increase from 2023—with impersonation scams being the most common tactic. Key protective measures include refusing cash withdrawal requests, independently ver
cbsnews.com
Chase Bank held an educational seminar in Chicago to help senior citizens protect themselves against fraud, which cost U.S. consumers over $12 billion in the previous year with a 25% increase from 2023. The seminar covered five common scams targeting seniors: impersonation, romance scams, family emergency schemes, computer virus scams, and prize/inheritance claims, with Chase advising consumers to verify suspicious communications before sharing information and recognize pressure tactics used by scammers. Attendees learned the "four Ps" framework for identifying scams—imposters pretending to be trusted sources, fake problems, pressure to act quickly, and requests for payment—and were encouraged to report any fraud to authorities.
theedgemalaysia.com
Two major fraud incidents in Malaysia highlight the growing threat of AI-enabled scams targeting even sophisticated financial institutions. A Maybank CFO nearly fell victim to a deepfake scheme involving an AI-generated Zoom call impersonating a colleague, which attempted to facilitate an unauthorized US$985,426 transfer, while a subsequent breach of the Malaysian stock trading system resulted in unauthorized trades potentially totaling RM10 million, with at least one investor losing RM500,000 in an earlier, initially overlooked hack.
wyff4.com
AI voice-mimicking scams emerged as a major threat in 2025, with scammers using artificial intelligence to impersonate family members in distress to solicit emergency payments. A victim named Dee Dee nearly lost $9,500 after receiving a convincing call from what sounded like her grandson claiming he needed bail money for a car accident, but was stopped just in time by her daughter's intervention. The article recommends families establish secret code words to verify caller identity when unexpected financial requests are made.
indiatoday.in
A 21-year-old Indian student, Kishan Kumar Singh, was arrested in North Carolina for impersonating a federal agent and attempting to defraud a 78-year-old woman by convincing her that her bank accounts were compromised and pressuring her to withdraw cash for "safekeeping"; he was apprehended when arriving to collect the money. This marks the third arrest of an Indian student in two weeks for targeting elderly Americans through similar government impersonation scams, with Singh now facing felony charges including attempted theft and elder exploitation under a $1 million bond.
newtondailynews.com
The "Pig Butchering Scam" combines romance fraud with cryptocurrency schemes, where scammers build trust with victims over weeks or months before pitching fake investment opportunities and stealing their money. The FTC reported record losses of $12.5 billion to fraud in 2024 (a 25% increase), with investment scams alone accounting for $4.7 billion in losses and a median loss of $9,196 per victim. Protection involves blocking unsolicited contacts, verifying investment opportunities through research and trusted advisors, and immediately reporting suspected scams to law enforcement and financial institutions.
today.rtl.lu
A Luxembourg physiotherapist lost nearly €30,000 to an "alloteur" phone scam in which fraudsters impersonated his bank's fraud department, convinced him his accounts were compromised, and manipulated him into providing login credentials and authorizing account transfers under the guise of recovering stolen funds. The scammers exploited a banking vulnerability by having the victim remove security safeguards, ultimately draining his accounts while the fake advisor provided false reassurances about fund recovery. Though his bank reimbursed €17,000, the victim was denied recovery of the remaining €10,000 on grounds that he had "facilitated" the fraud, and the case remained un
dispatch.com
Seniors are frequently targeted by scammers through multiple channels including impersonation, tech support fraud, romance scams, and AI deepfakes, often resulting in significant financial losses including entire life savings. Columbus police and banking experts identify seniors as especially vulnerable due to lower tech literacy and greater trust in communications, and recommend protective measures such as verifying unexpected contacts independently, avoiding unsolicited links, and using video calls to confirm romantic connections. Families should discuss specific scam examples with seniors to help them recognize and prevent fraud.
unionleader.com
Elder fraud has become a significant threat to adults age 60 and older in the digital age, with the U.S. Department of Justice's Elder Justice Initiative working to educate seniors about common scams. The article outlines five major fraud schemes targeting seniors: Social Security impostor scams (falsely claiming account suspension and requesting funds via gift cards), tech support scams (claiming virus detection and requesting remote device access), lottery scams (falsely informing victims of foreign lottery winnings and demanding fees), and romance scams (exploiting victims through dating platforms to solicit money).
wmur.com
Scammers are using AI voice-cloning technology to create convincing deepfake calls impersonating family members and demanding money, with minimal legal restrictions currently preventing unauthorized voice cloning. Consumer Reports found that four of six tested voice-cloning apps lacked meaningful consent safeguards, making the scam increasingly difficult for victims to detect. Protection measures include enabling two-factor authentication on financial accounts, verifying unexpected calls through alternative contact methods, and remaining skeptical of unsolicited requests for personal or financial information.
wtsp.com
A 92-year-old Tampa Bay-area man lost over $800,000 in a romance and financial fraud scam perpetrated by Otiz Swinton Jr., 37, a repeat offender arrested in Orlando who posed as a woman online to gain access to the victim's investment accounts, subsequently draining funds through forged checks, unauthorized card use, cryptocurrency transactions, and identity theft between June 2022 and his arrest. Swinton had been released from prison just months prior after serving seven years for defrauding over 50 people of $1 million in a similar scheme, and authorities warn that isolated seniors are particularly vulnerable to such scams and should never grant financial access to
nj1015.com
A 76-year-old New Jersey man lost $200,000 in gold bars after being contacted by scammers posing as AppleCare representatives who claimed his bank account had been hacked and convinced him to convert cash into gold for "protection." When the scammers contacted him a second time to purchase an additional $550,000 in gold bars, law enforcement was waiting to intercept the delivery, leading to the arrest of two individuals charged with theft by deception and conspiracy.
foxnews.com
The FBI warns of sophisticated scams where fraudsters impersonate doctors, police, and bank officials using spoofed numbers and "smishing" texts, often targeting previous fraud victims through social media with promises of fund recovery. These schemes employ AI and deepfakes to appear legitimate, with scammers posing as recovery experts or FBI officials to steal personal information and money a second time. The article recommends staying calm when contacted by suspected scammers, avoiding unknown contact numbers, refusing remote access or software downloads, using strong antivirus protection, and considering personal information removal services as defensive measures.
mondaq.com
Online scams using remote access software (such as AnyDesk and TeamViewer) have become increasingly sophisticated, with fraudsters posing as financial advisers or IT technicians to trick victims into granting device access, allowing them to steal funds, personal data, and banking credentials. These scams cause significant financial losses and serious long-term psychological consequences, including damage to credit ratings and erosion of trust. Criminals typically initiate contact via phone, email, or social media, impersonate trusted institutions, and once granted access, transfer funds to untraceable accounts, purchase cryptocurrencies, or manipulate online banking systems.
mondaq.com
Federal banking regulators issued guidance in late 2024 to help banks detect and prevent elder financial exploitation through an Interagency Statement outlining nine implementation areas. The statement emphasizes employee training to identify red flags, transaction holds and delays when fraud is suspected, and use of trusted contacts—designated third parties customers authorize banks to contact when exploitation is suspected—as key strategies for protecting older adults from scams. Banks are encouraged to review state laws on holding suspicious transactions and ensure frontline staff can recognize behavioral warning signs of elder fraud.
tmj4.com
A retired woman in Oconomowoc, Wisconsin lost her entire savings of $24,000 to a cryptocurrency scam after scammers impersonated Microsoft and her bank, convincing her to transfer money to a Bitcoin ATM under the false pretense of protecting her account from fraud. Local police reported an alarming increase in similar crypto scams over the past year, with some departments posting warning signs at Bitcoin ATMs to alert residents to common scam tactics. Once the money was transferred to the ATM, it was lost and likely moved internationally.
click2houston.com
Fraud and theft targeting seniors in Houston is increasingly prevalent, with impersonation fraud being the most common method, often targeting those posing as bank or Medicare representatives. Key protective measures include setting up bank transaction alerts, avoiding checks, building relationships with bank staff for verification calls, placing fraud alerts with credit bureaus, and involving family members in financial monitoring. Seniors are advised to hang up on suspicious calls and independently verify claims by contacting their bank directly, and victims of identity theft can seek guidance through IdentityTheft.gov.