Search
Explore the Archive
Search across 26,669 articles about elder fraud. Filter by fraud type, payment mechanism, or keywords.
14,184 results
in Scam Awareness
chicago.suntimes.com
Shalender Singh lost nearly $20,000 in an investment scam after a stranger contacted him on WhatsApp claiming to represent a legitimate investment firm and promising 30% returns through cryptocurrency. The scammer built trust over months by providing accurate market advice initially, added Singh to investor chat groups, and showed fake growth on a fraudulent app, but blocked him when he attempted to withdraw funds. According to the Better Business Bureau, investment scams are surging—particularly cryptocurrency and romance-based schemes—with reported losses reaching a median of $4,000 in 2023 and nearly $6,000 by mid-2024, with 80% of victims losing money and scammers
eastcentralreporter.com
A Better Business Bureau study reports that investment scams are rising, with cryptocurrency and romance scams becoming increasingly sophisticated and harder to detect. Scammers use professional-looking websites and fake dating profiles to build trust before convincing victims to invest in fraudulent schemes promising high returns with minimal risk. The BBB advises consumers to verify investment opportunities through trusted sources before responding to unsolicited offers.
states.aarp.org
This AARP survey of Maine residents reveals that while people of all ages generally view aging optimistically and believe wisdom comes with age, 91 percent of respondents acknowledge that older adults are vulnerable targets for fraud and scams. The survey also found widespread perceptions of age discrimination in employment and concerns about older adults' ability to manage technology and afford living expenses, highlighting the need for education to combat aging stereotypes and protect seniors from exploitation.
irs.gov
This IRS educational article outlines common tax scam warning signs and how to protect yourself, including scams involving inflated refund promises, impersonators making threats, and dishonest tax preparers charging excessive fees. Key red flags include pressure tactics, demands for upfront payments, suspicious websites, and misleading social media advice about tax credits like the Employee Retention Credit and Fuel Tax Credit. The IRS advises taxpayers to know how the agency legitimately contacts them, verify tax preparer credentials, and be especially cautious if targeted for personal or financial information, particularly seniors over age 65.
news.slashdot.org
Americans lost $5.6 billion to cryptocurrency fraud schemes in 2023, with the FBI receiving nearly 70,000 complaints involving bitcoin, ether, and other digital currencies. Investment fraud was the most prevalent scheme, accounting for $3.96 billion of the total losses, and the decentralized nature of cryptocurrency combined with irreversible transactions makes recovery of stolen funds extremely challenging.
foxnews.com
The Google Voice verification scam targets online sellers on platforms like eBay and Facebook Marketplace by posing as potential buyers and requesting Google Voice verification codes, which scammers then use to create a virtual number linked to the seller's phone number. Once obtained, scammers can intercept bank verification codes, commit identity theft, open fraudulent accounts in the victim's name, and conduct additional scams while appearing to use a legitimate U.S. number. Sellers should be wary of buyers requesting codes before discussing items and verify unusual requests, as one New York seller, Allen C., avoided falling victim by recognizing suspicious behavior such as spelling errors and pressure tactics.
wgal.com
Bitcoin ATM scams have surged dramatically, with reported losses increasing nearly tenfold to over $110 million in 2023 according to the Federal Trade Commission. Scammers typically contact victims claiming suspicious activity on accounts like Amazon or banking services, then convince them to withdraw cash and deposit it into Bitcoin ATMs where the money is transferred to the scammer's wallet. Consumers should never trust anyone—legitimate businesses and government agencies will never request Bitcoin ATM transfers to resolve account issues or protect funds.
vice.com
Americans lost more than $5.6 billion to cryptocurrency scams in 2023, representing 45 percent increase from 2022 and nearly half of all financial fraud losses that year, according to an FBI report. Investment scams accounted for nearly 71 percent of crypto losses ($4 billion), with fraudsters also using call centers, government impersonation, and dating sites to target victims; notably, people over 60 filed nearly 17,000 complaints and lost $1.6 billion, making them the most victimized age group despite crypto's popularity with younger generations. The FBI attributes crypto scams' prevalence to the technology's decentralized nature, irrevers
cbsnews.com
This educational article advises readers on identifying fraudulent political text messages, which often impersonate legitimate voter registration campaigns or solicit donations. To verify authenticity, individuals should visit official state websites (.gov or .us domains) directly rather than clicking unsolicited links, as third-party groups may use outdated data or send bogus messages designed to scam recipients.
freepressjournal.in
Between September 2-7, 2024, 14 victims in Singapore were scammed out of at least SGD 100,000 through a phishing scam impersonating Singtel (Singapore Telecommunications Limited) via SMS messages. The victims received texts claiming their Singtel reward points were expiring and were directed to fake Singtel websites where they entered credit card details and one-time passwords, only discovering the fraud when their banks notified them of unauthorized transactions. This scam variant had been warned against by Singapore Police since June 2023, when at least 12 prior victims lost SGD 20,000 combined.
thethaiger.com
A 54-year-old medical technician in Buriram lost 20,497 baht in a call centre scam when someone posing as a Provincial Electricity Authority officer convinced him to download a fake application under the guise of a Covid-19 refund scheme. The scammer had accessed detailed personal information and used social engineering tactics, including verification from a village head, to gain the victim's trust before emptying his bank account. The victim publicly warned others that scammers' access to detailed information makes these schemes difficult to detect, regardless of a person's caution or education level.
abc7news.com
Americans lost $5.6 billion to cryptocurrency scams in 2023, with people over 60 accounting for nearly $1.6 billion of those losses, according to an FBI report. Scammers build trust with victims through social media and text messaging before pitching fraudulent investment opportunities and directing them to fake web apps and cryptocurrency kiosks to deposit funds. The FBI is working with law enforcement and banks to identify warning signs, though recovery chances remain slim and many victims remain unaware they have been defrauded.
bankinfosecurity.com
In 2023, cryptocurrency scams surged dramatically in the United States, with victims reporting $5.6 billion in losses—a 45% increase from 2022—across more than 69,000 complaints to the FBI's Internet Crime Complaint Center. While seniors over 60 were most frequently targeted, people aged 30-39 also experienced significant losses, with investment scams involving bitcoin and other virtual currencies accounting for nearly 71% of total losses; fraudsters typically built rapport with victims through social media and email before moving conversations to encrypted platforms. Cryptocurrency kiosks were increasingly exploited in fraud schemes, with over 5,500 complaints involving $189 million in losses
coindesk.com
Investors lost a record $5.6 billion to crypto scams in 2023, a 45% increase from 2022, with investment fraud schemes accounting for $4 billion of losses, according to FBI data. While crypto complaints represented only 10% of total fraud reports, they comprised nearly half of all financial losses; victims over age 60 reported the highest losses at $1.24 billion. The FBI warned that many scammers operating these "pig butchering" schemes are human trafficking victims forced to conduct fraud operations from compounds in Southeast Asia.
justice.gov
The U.S. Department of Justice distributed $18.5 million from forfeited Western Union funds to approximately 3,000 fraud victims, representing the sixth distribution under the Western Union Remission Fund. Through two phases, the fund has now distributed over $420 million to more than 175,000 victims who received full compensation for losses caused by fraud schemes that Western Union aided and abetted, including grandparent scams and lottery/sweepstakes schemes targeting seniors. Western Union agreed to forfeit $586 million total following a 2017 deferred prosecution agreement for violations including the Bank Secrecy Act and wire fraud facilitation.
decripto.org
Thailand reported 78.8 million phone scam and phishing cases since 2023, with international criminal gangs—often Chinese-coordinated—operating call centres primarily targeting people over 30, young adults aged 20-25, and online shoppers through romance scams and fake e-commerce schemes. Thai and Cambodian authorities have launched operations to dismantle these networks, with 165 arrest warrants issued, though gangs are relocating to neighboring countries; notably, a 60-year-old Thai woman lost over $160,000 in a year-long scam involving a fake Malaysian pipeline investment. U.S. authorities indicted four people in 2023 for
unionrecorder.com
Since 2020, the Better Business Bureau has received over 4,000 reports of investment scams, with median losses rising from $1,000 in 2021 to nearly $6,000 in 2024. These scams frequently employ romance or relationship-building tactics combined with cryptocurrency investment schemes, often orchestrated by organized crime groups based in Southeast Asia, with victims losing anywhere from thousands to over $84,000. The BBB advises consumers to be wary of guaranteed returns, pressure to invest quickly, requests to share cryptocurrency wallets, and strangers offering friendship or investment opportunities.
thepaypers.com
UK scammers defrauded numerous individuals through fake e-commerce websites displaying counterfeit products, netting approximately USD 8 million last year, with ecommerce fraud surging 211% over the past year. Fraudsters use social media to promote counterfeit sites with steep discounts, fake brand names, countdown timers, and suspicious domain extensions (.net, .org) to pressure buyers into purchasing items never delivered. Additionally, romance scams increased 22% in 2023, with victims losing an average of GBP 6,937 after fraudsters build trust through fake profiles on dating apps before requesting money for travel, medical, or family emergencies.
lifehacker.com
This educational article identifies seven grammatical red flags commonly found in scam communications, including poor grammar, use of the word "kindly" (suggesting overseas origin), misplaced punctuation and capitalization, and generic salutations like "dear" instead of actual names. The piece notes that 15% of Americans report household members falling for scams and 8% admit personal victimization, emphasizing that scammers often replicate official communications but frequently reveal themselves through language patterns and writing errors.
gantnews.com
Rep. Mike Armanini partnered with the Pennsylvania Department of Banking and Securities to host two Senior Scam Jam educational events in the 75th District designed to teach older adults how to identify and avoid common scams that lead to identity theft and financial fraud. The interactive seminars took place on September 17-18 in DuBois and Ridgway, with support from local district attorneys' offices, and covered red flags for spotting scams and procedures for reporting suspected fraud.
wyff4.com
Anderson County Sheriff Chad McBride reports an uptick in scam reports while Bill Vicary works to educate senior citizens on fraud prevention. The piece features a scam victim sharing her experience to help others recognize and avoid becoming targets of similar schemes.
dailybulldog.com
The U.S. Attorney's Office for the District of Maine launched the Maine Rx Elder Fraud Program, a collaborative awareness initiative with AARP Maine and the Maine Council for Elder Abuse Prevention that distributes educational brochures through Hannaford Supermarkets' 60 in-state pharmacies to educate seniors about recognizing scams and reporting fraud. In the prior year, 397 Mainers aged 60+ filed fraud complaints with reported losses exceeding $7.1 million, while nationally over 101,000 seniors were defrauded of $3.4 billion through increasingly sophisticated schemes.
financial-planning.com
An elderly woman lost over $278,000 between February and April to scammers posing as government agents who convinced her they were protecting her from fraud, including handing over nearly $80,000 in gold bars to a "runner." Her daughter repeatedly asked Schwab to permanently freeze her account, but Schwab temporarily blocked and then repeatedly unblocked it five separate times, allowing the fraudulent transactions to proceed; Schwab is now being sued for negligence and materially contributing to the scheme by failing to adequately investigate suspicious activity and refusing to permanently lock the account without the victim's own request.
grocerydive.com
Hannaford Supermarkets launched the Maine Rx Elder Fraud Program across 60 Maine pharmacies in partnership with the U.S. Attorney's Office, AARP Maine, and the Maine Council for Elder Abuse Prevention, distributing informational brochures on prescription bags to help seniors recognize and report fraud. The initiative addresses a growing problem: in 2023, over 101,000 Americans age 60+ lost $3.4 billion to fraud, with 397 Maine residents alone filing complaints for $7.1 million in losses. The brochures include common scam warning signs and information about the National Elder Fraud Hotline, leveraging pharmacists' trusted relationships
theguardian.com
Stephen, a retired former solicitor, lost £70,000 to fraudsters posing as bank representatives who convinced him to invest in a fake high-interest savings bond offering 11% returns; Andrew White lost £240,000 in a similar scam when criminals intercepted his house purchase email communications and redirected his deposit to a fraudulent account. Both victims experienced significant emotional trauma, though they were eventually refunded—raising concerns after the UK regulator announced it would cut maximum fraud victim compensation by 80% (from £415,000 to approximately £85,000), potentially leaving high-value fraud victims without adequate protection. These cases highlight the sophistication of authorised push payment (APP) sc
cbsnews.com
Massachusetts police across five towns (Needham, Foxboro, Marion, Sandwich, and Sharon) are warning about an extortion scam in which criminals email victims pictures of their homes along with personal information and threatening messages demanding payment of thousands of dollars via cryptocurrency, claiming to possess compromising videos. The scammers use publicly available information such as Google Street View images and breached passwords to create a false sense of threat, and experts recommend victims ignore the emails, avoid responding or paying, and report the scam to the FBI's Internet Crime Complaint Center.
timesofindia.indiatimes.com
A woman in Chandigarh was defrauded of Rs 2.3 lakh by online scammers who promised her a job after she found their contact number on Google; police registered a case. The article also highlights similar online job scams affecting other victims, including a man who lost Rs 49.33 lakh to fraudsters posing as UK company recruiters, and a woman arrested for defrauding over 50 people of Rs 3 crore with false promises of healthcare jobs in Ireland.
yubanet.com
A 14-year-old Girl Scout created an awareness campaign for her Silver Award project after observing family members, friends, and community members fall victim to scams. She developed the SAVE tool (STOP, ASK, VERIFY, EXIT) to help people recognize and respond to scam attempts, along with educational materials like magnets, stickers, and a video demonstrating the technique.
digitaljournal.com
An Arkansas nurse lost over $1M in life savings to the XChief cryptocurrency investment scam, which promised high returns but prevented withdrawals when she attempted to access her funds. Crypto Crime Investigation (CCI) successfully recovered the majority of the stolen cryptocurrency through specialized investigative techniques and collaboration with law enforcement. The case underscores the importance of reporting crypto scams and seeking expert guidance to prevent future victimization.
wxow.com
The Holmen Public Library hosted a free educational program on September 12 titled "Common Scams Targeting Seniors," featuring Jeff Kersten from Wisconsin's Division of Trade and Consumer Protection. Attendees learned about warning signs of fraud targeting seniors, strategies for protecting personal information, and steps to take if victimized by a scam.
nbcdfw.com
The FTC warns that Bitcoin ATM fraud is soaring, with scam incidents rising 1,000% since 2020 and losses exceeding $120 million in the U.S. in 2023. Bitcoin ATMs are vulnerable to both physical and cyber attacks—including malware installation, wallet address manipulation, and data interception—and lack the transaction reversal protections of traditional banking, making stolen funds irretrievable. The decentralized nature of Bitcoin and lack of regulatory oversight governing ATM operators compound these security risks.
flaglerlive.com
An 83-year-old Maryland woman named Mae fell victim to tech support fraud when she clicked on a fake Safari warning, which led scammers to manipulate her into purchasing gift cards worth thousands of dollars over 10 hours. The case illustrates a broader problem: an estimated $8 billion is stolen annually from seniors age 60 and older through stranger fraud, with gift cards becoming an increasingly common payment method for criminals because they lack consumer protections similar to credit and debit cards. The article reveals systemic failures in federal regulation, inadequate retailer safeguards, and the profitable role that technology companies and retailers play in the gift card fraud ecosystem, where "everybody but the victim makes money."
muddyrivernews.com
Social media scams increased 63.8% from 2022 to 2023, with bait-and-switch scams becoming the top contact method for fraudsters on platforms like Facebook. Scammers post emotionally manipulative content (lost pets, missing children, seniors in need) in local groups with limited oversight, then edit the posts after sharing to solicit money or personal information, often using stolen or AI-generated images. The Better Business Bureau recommends verifying posts through official sources, checking for red flags like disabled comments and new profiles, performing reverse image searches, and reporting suspected scams.
newsweek.com
A 20-year-old Thai man recruited into a Chinese-led scam syndicate in Myanmar described how he was trained to create fake social media profiles and identify victims for romance and investment fraud schemes. Thailand has reported 78.8 million scam incidents since last year with $2 billion in losses, while U.S. authorities have warned of Americans being trafficked into these operations, with the DOJ indicting four individuals in 2023 for laundering over $80 million in scam profits. Elderly victims like a 60-year-old woman who lost $163,642 over an 18-month romance scam face particularly devastating financial consequences compared to younger victims.
forbes.com
A 52-year-old North Carolina musician named Michael Smith was arrested and charged with fraud for allegedly using artificial intelligence to create hundreds of thousands of songs, then streaming them through bot accounts on platforms including Spotify, Apple Music, and YouTube Music to fraudulently generate over $10 million in royalty payments between 2017 and 2024. Federal authorities describe the scheme as "brazen fraud" and the first of its kind involving artificially inflated music streaming, with Smith working alongside unnamed co-conspirators including an AI music company CEO and music promoter. The scam diverted millions in royalties that should have been paid to legitimate musicians and rights holders.
ketv.com
**Type:** Publishers Clearing House Scam / Elder Fraud
**Victim:** Monty Thompson, Iowa resident
**Outcome:** Monty lost over $8,000 in two months and died by suicide on July 24th after being scammed.
Monty Thompson was targeted by offshore scammers claiming he had won millions of dollars and a Ford F-150 from Publishers Clearing House, but was required to pay taxes and fees upfront before receiving his prize. After losing over $8,000 and facing continued contact from the scammers (who called over 20 times), Monty took his own life. The Iowa Attorney
finance.yahoo.com
Chester Frilich of Concord, California lost over $200,000 to scammers posing as Xfinity and FTC agents who claimed he was under investigation for wire fraud and convinced him to transfer funds through couriers and UPS. By withdrawing money from Certificate of Deposit and IRA accounts to pay the scammers, Frilich incurred approximately $30,000 in early withdrawal penalties and taxes, which the IRS now threatens to collect through a lien on his home. The article explains how early withdrawals from tax-advantaged accounts can create additional financial liability beyond the fraud itself.
heraldextra.com
A Provo family lost over $1,000 in a utility scam when a fraudster impersonating a Provo Power representative called threatening service disconnection and pressured the mother to make an immediate payment via QR code at Walmart, resulting in overdraft fees that depleted their entire bank account. Provo City officials report at least 10 confirmed victims of similar scams and warn residents to verify caller identity, noting that legitimate utility companies never request payment via phone or in-person contact.
decripto.org
SMS and WhatsApp scams have increased 22% year-on-year, with fraudsters impersonating legitimate companies like PayPal and banks through text messages containing suspicious links and alarmist language designed to steal personal and banking information. Common tactics include fake payment alerts, package delivery notifications, and requests to verify credentials, with the banking sector accounting for 36% of scam attempts. Protection measures include enabling two-factor authentication, verifying sender numbers through official channels, avoiding suspicious links, and reporting fraudulent messages to authorities.
decripto.org
A LinkedIn scam targeting marketing and communications agencies impersonates real Lancel employees using stolen identities to propose fake brand collaboration deals, sending convincing fake documents and requesting sensitive data or cryptocurrency investments. The perpetrators use social engineering and pretexting techniques, exploiting LinkedIn's lack of employment verification to appear credible, resulting in victims losing sensitive data and financial investments. Lancel has confirmed these contacts are unauthorized and reported the incidents to LinkedIn, highlighting the need for stronger platform verification systems and digital literacy among professionals.
whig.com
Scammers use emotional bait-and-switch posts about lost pets, missing children, or seniors in need on Facebook to manipulate users into sharing them, then edit the posts to solicit money or personal information. Reports of social media scams increased 63.8% from 2022 to 2023, making social media the top contact method for scams resulting in monetary loss. Users can protect themselves by verifying posts through official sources, performing reverse image searches, checking for red flags like urgency and disabled comments, and reporting suspected scams to the Better Business Bureau and Facebook.
aarp.org
Penny Mashburn signed up for magazine subscriptions thinking she was supporting a school fundraiser, but the scam led to years of telemarketer harassment and charges that escalated from $39 to $199 per subscription across multiple companies, ultimately costing her much of her savings. Penny and her sister Nancy's investigation into the fraud helped expose a 20-year conspiracy that defrauded over 150,000 victims nationwide of millions of dollars, ultimately leading them to testify in federal court to help shut down the operation.
franklinobserver.town.news
This educational article provides guidance for older Americans to protect themselves from scams, which cost Americans $10 billion in 2023. Key protective strategies include slowing down before responding to emotional appeals, verifying contact information independently, carefully controlling access to sensitive documents and accounts, and seeking assistance from certified financial planners who can help monitor accounts and detect suspicious activity.
crowdfundinsider.com
Security.org surveyed over 1,100 Americans and identified peer-to-peer payment apps as the top scam threat for 2024, with 63% of users experiencing scam attempts, followed by phishing texts, cryptocurrency schemes, and social media fraud. The research revealed that half of cryptocurrency owners have been targeted by pump-and-dump schemes, one in four social media users report scams, and 70% of Americans receive suspicious texts. Security experts recommend verifying recipient identities before P2P transfers, sending $1 test payments, using two-factor authentication, and only investing through reputable platforms to minimize fraud risk.
finance.yahoo.com
Scammers are operating fake websites and social media channels to sell counterfeit or unverified Ozempic to consumers, resulting in an estimated $6 million in losses from approximately 9,000 victims in just the first five months of 2024 on a single platform alone. Victims lose $700 per transaction on average for fraudulent one-month supplies, while exposing themselves to serious health risks from unregulated products that lack proper safety testing and medical oversight. Experts warn that losses could exceed $100 million annually across multiple platforms, with the scam targeting people seeking to circumvent drug shortages or reduce costs.
oregonlive.com
Portland-area residents are being targeted by an increased wave of blackmail cyber scams in which fraudsters threaten to expose internet browsing history or sensitive personal information unless victims pay in cryptocurrency, using tactics like including the target's address and photos of their home to appear credible. Police advise recipients to simply delete such emails without opening attachments, as there are rarely follow-ups and no confirmed cases of Portland residents losing money to the scam. Suspicious emails should be reported to the FBI's Internet Crime Complaint Center.
boothbayregister.com
Cybercriminals are sending fraudulent text messages impersonating highway authorities and transponder companies like E-ZPass to deceive drivers into paying fake tolls through malicious links. Victims who click these links risk exposing their credit card information to criminals and potentially installing malware on their devices. To protect yourself, do not respond to unsolicited toll payment messages; instead, contact the toll road authority directly if you have concerns about legitimacy.
mirror.co.uk
This article identifies three common Instagram scams: fake retailers using artificial urgency and limited comments to sell non-existent or overpriced products; celebrity impersonators requesting money via direct message for charity donations or travel expenses; and romance scammers who build relationships with victims before requesting money for bills, flights, or medical expenses. The article advises users to verify company registration through Companies House, research products before purchasing, recognize that real celebrities won't solicit money via DM, and never send money to people met only online, as doing so risks both direct financial loss and identity theft through personal information misuse.
newpittsburghcourier.com
Elder fraud losses reached $3.4 billion in 2023 (a 14% increase from 2022), with January-May 2024 showing $1.6 billion in losses—a double-digit increase—according to FBI Internet Crime Complaint Center data. In Houston, Keith Jones was indicted for allegedly defrauding a 92-year-old dementia patient out of his home by falsely claiming property tax obligations and coercing him to sign deed documents worth approximately $30,000. Experts emphasize that reporting fraud, community awareness, and education are critical to protecting vulnerable seniors from increasingly sophisticated scams targeting the elderly, particularly in communities of color
positivelynaperville.com
Scams targeting people over 60 caused losses exceeding $3.4 billion nationwide in 2023, representing an 11% increase from the previous year according to the FBI's Elder Fraud Report. Common scams include imposter schemes, online shopping fraud, sweepstakes, lotteries, and fake investment/job opportunities, which often feature warning signs such as pressure to act quickly, requests for sensitive information, scare tactics, and demands for hard-to-recover payments like wire transfers, gift cards, or cryptocurrency. Older adults and their families should remain vigilant by learning to recognize these red flags, particularly that legitimate businesses and government agencies never demand payment in cryptocurrency.