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in General Elder Fraud
dailyhodl.com
· 2026-09-29
Two men, Sergio Romero and Franklin Florez, are accused of stealing nearly $6,000 from Wells Fargo customers across Southern California through an ATM card-switching scam, where they observed customers entering PINs, distracted them, swapped their debit cards, and withdrew cash. The pair are linked to approximately 5 confirmed victims in Lemon Grove with losses ranging from $100 to $2,700, and an estimated 30 additional similar cases across San Diego, Orange, and Los Angeles counties totaling approximately $120,000 in losses, with at least two elderly victims affected. Both men have pleaded not guilty to charges including robbery, identity theft, and
eastbaytimes.com
· 2026-09-29
This article is not about an elder fraud incident. It is an opinion piece by the Alameda mayor announcing an Emergency Preparedness Day event on October 17 and providing general fraud prevention tips from local police, including warnings about government impersonation scams, unsolicited payment requests, and remote access schemes. The article also mentions the National Elder Fraud Hotline (833-372-8311) as a resource for victims aged 60 and older.
theguardian.com
· 2026-09-29
Young adults aged 18-34 are nearly three times more likely to be targeted by online scammers than those over 65, with social media being the primary source of scams targeting hobbies like gaming, shopping, and concert ticket purchases. Victims reported falling for increasingly sophisticated fraud tactics including fake ticket sellers, counterfeit shopping websites, and gaming scams, with reported losses ranging from £80 to £150. The payments industry is working to combat these schemes through advanced fraud detection technology and encouraging consumers to use secure payment methods that offer buyer protection.
cpapracticeadvisor.com
· 2026-09-29
Lori Flowers lost $600,000 to a pig-butchering scam where a man claiming to be from Belgium built trust with her over months before convincing her to withdraw money from her retirement account. Because the IRS treated the retirement withdrawal as taxable income, Flowers owed approximately $225,000 in taxes and penalties on money she no longer had, leading her to file for bankruptcy. A bipartisan Tax Relief for Fraud Victims Act recently passed the House that would restore theft-loss deductions for scam victims, addressing a gap created by 2017 tax law changes.
ksl.com
· 2026-09-29
Scammers operating from China have created thousands of fake AI-powered dating profiles across over 20 fraudulent dating apps, with one operation generating 2.36 million messages to at least 25,000 people in just two weeks. Romance scams have surged 38% in losses to nearly $1 billion annually, with Americans over 60 losing more than half a billion dollars, as criminals use AI to create convincing fake personas and replicate voices for targeted deception. The FBI urges victims to report losses and recommends public awareness and conversations with vulnerable individuals as key defenses against these increasingly sophisticated scams.
fortune.com
· 2026-09-29
In 2025, U.S. consumers reported losing nearly $16 billion to fraud and scams—a 25% increase from the previous year—with imposter scams alone accounting for $3.5 billion in losses as criminals increasingly pose as trusted entities through social media, text messages, and phishing emails to manipulate victims into willingly sending money. Georgia's Attorney General argues that addressing scams requires a fundamentally different strategy than traditional fraud, demanding coordinated efforts across government agencies, technology companies, financial institutions, and law enforcement to intervene at multiple stages before victims lose money, rather than focusing only on the final transaction stage.
idahonews.com
· 2026-09-29
Scammers in Idaho's Treasure Valley are impersonating police and threatening victims with arrest warrants, instructing them to deposit cash into cryptocurrency ATMs to avoid prosecution. Between January 2025 and September 2026, victims across the region lost over $2.1 million, with approximately half of identified victims over age 60. Local governments are responding by considering bans on cryptocurrency ATMs within city limits to combat the fraud and prevent further losses.
foxnews.com
· 2026-09-29
Operation Blackout, an FBI global initiative, has seized approximately $17 billion tied to scam compounds operating primarily in Southeast Asia and the Middle East that target American seniors through cryptocurrency investment schemes, romance scams, and forced labor operations. The campaign combines overseas raids, asset seizures, and communications disruption efforts, while a domestic prevention component called Operation Level Up has contacted over 10,000 potential victims and prevented an estimated $660 million in losses. Criminal syndicates operate sprawling compounds where trafficked workers are forced to perpetrate fraud schemes against thousands of Americans, with victims often losing their life savings after being lured into fake investment platforms.
nbcbayarea.com
· 2026-09-29
FBI data reveals that people over 60 lost more than $7.7 billion to scams in the past year, with artificial intelligence increasingly being used to target older adults. Experts are urging families to discuss warning signs with elderly relatives to help prevent fraud victimization.
amac.us
· 2026-09-29
Scammers are creating fraudulent rental listings by copying photos and details from vacant homes for sale, then using fake lockbox codes to allow prospective renters to tour properties before pressuring them to wire deposits for properties they have no legal right to lease. The Albuquerque Police Department recently warned about this scheme, which is becoming increasingly common on social media platforms like Facebook and Craigslist. Experts recommend protecting yourself by conducting real estate business through established firms and reputable websites, verifying all documentation in person, and reporting suspicious activity immediately to authorities and relevant platforms.
investx.fr
· 2026-09-29
Two men in Southern California used a card-swapping scheme at ATMs, memorizing victims' PINs and replacing their cards with duplicates during withdrawals, resulting in approximately $120,000 in losses across multiple counties with at least 30 documented incidents. Sergio Romero and Franklin Florez targeted at least five victims in Lemon Grove alone, with individual losses ranging from $100 to over $2,700, and two elderly victims led to elder fraud charges against Romero. Both men were identified through surveillance cameras and license plate readers; Romero faces charges including elder fraud, robbery, and identity theft, while Florez faces robbery, identity theft, and conspiracy charges.
ksl.com
· 2026-09-29
Heber City police are warning residents, particularly older adults, of increasing romance and gift card scams where perpetrators build online relationships before requesting money or gift card codes. Scammers use various tactics including promises of repayment or claims of emergencies to convince victims to purchase and share gift card information. Police advise against sharing personal or financial information with unsolicited online contacts.
wdio.com
· 2026-09-29
A fraud specialist at Park State Bank spoke at Duluth's Senior Go Show about three prevalent scams affecting the community: check fraud targeting rural customers through mail theft, romance scams that exploit the elderly by building trust before requesting money, and tech support scams using fake pop-ups to compromise bank information. In 2025, the Internet Crime Complaint Center received over 201,000 complaints totaling nearly $8 billion in losses, with the specialist emphasizing that scammers exploit urgency and AI sophistication to deceive people of all ages and intelligence levels. He advised victims and potential targets to pause before acting, verify requests by calling their bank or trusted contacts, and remember that legitimate financial matters rarely require immediate action
yonkerstimes.com
· 2026-09-28
An elderly Tarrytown resident was defrauded of approximately $29,000 through a sophisticated scheme in which scammers impersonated Apple's financial department, gained remote access to the victim's computer, and falsely claimed an erroneous $50,000 deposit required repayment in cash. Benny Cai was arrested on September 24, 2026, after receiving a second fraudulent payment from the victim and was found in possession of cocaine; investigators believe he is part of an organized group targeting elderly victims. Cai was charged with Grand Larceny in the Fourth Degree, Scheme to Defraud in the First Degree, and Criminal Possession of a
pymnts.com
· 2026-09-28
According to PYMNTS Intelligence research, scam victims exhibit varied payment timelines—63% pay within a day of contact, while 18% take at least two weeks—with romance scams averaging $27,587 in losses and investment scams averaging $14,225. FinCEN identified victims of digital asset and cryptocurrency scams liquidating savings accounts, investments, retirement accounts, and taking on debt to fund fraudulent payments, creating opportunities for banks to detect suspicious financial behavior. The research found that 11% of scam victims report their fraud to no one, rising to 40% among romance scam victims, indicating significant gaps in fraud reporting and awareness.
yahoo.com
· 2026-09-28
A 90-year-old Illinois man has lost six figures over four years to an online romance scam involving scammers posing as "Max" and "Alex," draining his bank accounts and selling his car primarily through cryptocurrency transactions while he believed he was in a relationship. The victim, who lives alone on Social Security, now risks losing his condominium, and despite warnings from a concerned friend and reports to police, the FBI, and other agencies, little can be done without legal intervention like conservatorship or guardianship. The scam highlights the vulnerability of isolated elderly people to romance fraud, where emotional dependence on daily attention from scammers often makes victims resistant to intervention even when the fraud is obvious.
thecooldown.com
· 2026-09-28
A 90-year-old Illinois man has lost six figures over four years to an online romance scam involving scammers posing as "Max" and "Alex," emptying his bank accounts and selling his car primarily through cryptocurrency transactions, and now risks losing his condominium as well. Living alone on Social Security with no immediate family, the victim remains emotionally dependent on the scammers despite warnings from a concerned friend and clear evidence of the scheme, making intervention difficult without legal measures like conservatorship. The case highlights the particular vulnerability of isolated elderly adults to romance scams that exploit emotional dependence and the challenge of helping victims who are resistant to recognizing they are being defrauded.
modernghana.com
· 2026-09-28
Ghanaian socialite Frederick Kumi (Abu Trica) has allegedly provided US investigators with eight names of people linked to laundering proceeds from a romance scam targeting over 80 elderly Americans of more than $8 million since 2023, though the claim remains unverified and disputed by his associates. Kumi was arrested in Ghana in December 2025 and extradited to face federal charges of conspiracy to commit wire fraud and money laundering, with prosecutors alleging he and co-defendant Daniel Yussif used AI-driven video tools and fake personas to defraud victims. The broader investigation involves at least five Ghanaians accused of defrauding over 130
savingadvice.com
· 2026-09-27
Adults over 60 reported $2.4 billion in fraud losses in 2024, with scams ranging from gift card fraud to cryptocurrency schemes, prompting adult children to seek ways to protect vulnerable parents. While you cannot unilaterally control a competent adult's finances, families can implement protective measures with the parent's cooperation, including transaction alerts, trusted contacts on investment accounts, and financial powers of attorney. Legal options vary by state and account structure, so consulting with financial institutions and elder-law attorneys is recommended to balance fraud protection with preserving the parent's financial independence.
ludlowadvertiser.co.uk
· 2026-09-27
West Mercia's deputy police and crime commissioner Mark Bayliss acknowledged he personally fell victim to an online shopping scam involving a fake discount offer, while highlighting the difficulty police face in reaching vulnerable populations—particularly elderly residents and those with learning difficulties—with fraud prevention messages. Bayliss emphasized the need for better channels to warn vulnerable people, noting that current efforts through platforms like Neighbourhood Matters remain insufficient to protect those most at risk of being deceived by fraudsters. No specific financial loss was reported in connection with his personal experience.
thestar.com.my
· 2026-09-27
An elderly woman in her 60s lost over RM750,000 in savings to scammers who posed as Singapore permanent residency agents, luring her with a fake S$300 professional fee and then demanding continuous payments over months of fraudulent transactions. In a separate case, a retiree in his 70s lost more than RM850,000 in a phone scam where callers impersonated police and Bank Negara officials, convincing him to transfer his life savings to accounts they controlled. Both victims fell prey to elaborate fraud schemes that exploited their trust and resulted in significant financial losses.
bernama.com
· 2026-09-27
Perak's state government is expanding its Safe Internet Campaign to educate the public, particularly senior citizens, about AI-based scams including fake voice threats, with briefing modules now available at National Information Dissemination Centres across the state. Malaysia recorded over 66,000 online fraud cases involving RM2.97 billion in losses last year, with AI platforms being a primary tool used by scammers. The state is also organizing a special briefing on cybercrime prosecution under the Communications and Multimedia Act 1998, targeting over 2,000 visitors and collaborating with telecommunications agencies and operators.
finance.yahoo.com
· 2026-09-26
Many brokerages offer view-only account access and trusted contact designations that allow adult children to monitor aging parents' financial accounts for signs of fraud or exploitation without controlling them directly. However, visibility alone is insufficient protection; a power of attorney document is needed to grant the legal authority to actually intervene when suspicious transactions are detected. Financial institutions like Fidelity and Charles Schwab enable this monitoring in real time, helping families catch potential elder fraud before significant savings are lost.
247wallst.com
· 2026-09-26
The article discusses how adult children can monitor their aging parents' brokerage accounts to detect elder fraud by using view-only access settings offered by major financial institutions like Fidelity and Charles Schwab. This monitoring tool allows family members to see account statements and transactions in real time without taking control away from their parents, while additional safeguards like trusted contact designations and powers of attorney provide additional layers of protection. Elder fraud can silently drain retirement savings, particularly affecting seniors aged 62 and older who may fall victim to sophisticated phone scams or unauthorized withdrawals.
hoodline.com
· 2026-09-26
Oklahoma has enacted Senate Bill 2067, which takes effect in November and grants banks and credit unions legal immunity to freeze suspicious transactions and report suspected elder exploitation to authorities. The law addresses a growing crisis in which Oklahoma seniors lost $53.3 million to financial scams in 2025, including $24 million from investment fraud alone, representing a 32% increase in elderly victims year-over-year. The measure removes previous legal barriers that prevented financial institutions from alerting law enforcement and Adult Protective Services to potential fraud without risking privacy lawsuits or regulatory penalties.
watfordcitynd.com
· 2026-09-26
Americans over age 60 filed more than 201,000 internet-crime complaints in 2025 with losses exceeding $7.7 billion, representing a 37% increase in complaints and 59% increase in losses compared to 2024, with average losses of $38,000 per victim. Scammers target seniors through various schemes including grandparent scams, fake law enforcement calls, technical support fraud, and romance scams, often manipulating caller ID and using urgency to prevent victims from verifying requests. North Dakota residents and authorities have reported increasing incidents of these fraud schemes, and law enforcement urges families to establish safeguards and teach seniors that legitimate government agencies will never demand immediate
cutoday.info
· 2026-09-26
Credit unions participated in a DOJ listening session focused on elder financial exploitation, discussing fraud trends, transaction authority, inter-agency coordination, and training needs to better protect elderly members from scams. The session, part of the Justice Department's Elder Justice Initiative, identified gaps in current government policies and regulatory frameworks that hinder credit unions' ability to prevent elder fraud on the front lines.
gottheimer.house.gov
· 2026-09-26
This article describes Congressman Gottheimer's attendance at Bergen County's Annual Senior Citizens Festival in New Jersey, where he spoke with seniors about his legislative efforts to protect them from scams and fraud. Rather than detailing an actual scam, the article highlights Gottheimer's work on senior protection measures, including the GUARD Act to combat fraud targeting older Americans, efforts to lower prescription drug costs, and assistance helping over 6,100 seniors access Social Security benefits. No fraud incidents or victim dollar amounts are mentioned in this piece.
ursinusgrizzly.com
· 2026-09-26
Collegeville, Pennsylvania currently does not use Flock license plate reader cameras, though the police department uses other types of LPR technology that have helped locate stolen vehicles, find missing elderly drivers, and identify suspects in crimes including jewelry store burglaries, robberies, and fraud cases. Pennsylvania lawmakers are considering legislative measures to regulate LPRs with safeguards for data privacy and civil liberties, and Collegeville officials have indicated that Flock cameras may be considered for future implementation in the area.
rheaheraldnews.com
· 2026-09-26
The U.S. Senate unanimously passed Senator Marsha Blackburn's Romance Scam Prevention Act, which requires dating apps to notify users who have interacted with someone removed for fraud, addressing a growing problem targeting seniors. Romance scams cost victims $1.3 billion nationally in 2022, with Tennesseans over 60 losing $43 million in 2023 alone, as scammers increasingly target recently widowed or divorced elderly individuals who connect on dating platforms.
finance.yahoo.com
· 2026-09-26
A North Carolina woman lost approximately $600,000 to a pig-butchering scam where she built a relationship with a fraudster online before sending him money from her retirement account. After discovering the fraud, she faced an additional $225,000 tax bill from the IRS for the withdrawn retirement funds, forcing her to file for bankruptcy. A bipartisan bill called the Tax Relief for Fraud Victims Act, which would restore tax deductions for fraud victims lost in 2017 tax law changes, recently passed the House and awaits Senate action.
press-herald.com
· 2026-09-25
Webster Parish residents are reporting scams to authorities three to four times weekly, with scammers increasingly using sophisticated tactics including spoofing the Sheriff's Office phone number and impersonating law enforcement to solicit bail payments for arrested relatives. One notable case involved a local businessman losing nearly $500,000 in a fake Bitcoin investment scheme, while romance scams remain prevalent among older adults, with perpetrators sometimes spending months building trust before requesting money. Officials emphasized that skepticism, independent verification of requests, and consulting trusted contacts are critical defenses against these evolving scams, which are often perpetrated by overseas criminals.
longisland.com
· 2026-09-25
A 79-year-old woman in Suffolk County was scammed out of $4,000 after being contacted by someone posing as a TD Bank representative who claimed fraudulent activity on her account and instructed her to hand over her debit card to a man who appeared at her home. Suffolk County Police are seeking the suspect involved in this elder fraud scheme. The scam is classified as identity theft.
americascreditunions.org
· 2026-09-25
The Department of Justice held a listening session with credit unions to address elder financial exploitation as part of its Elder Justice Initiative. Credit union representatives discussed fraud trends, internal protections, transaction authority, agency coordination, and training needs to better safeguard members from scams. America's Credit Unions committed to advocating for policies that would strengthen credit unions' ability to protect elderly members and combat financial exploitation.
aol.com
· 2026-09-25
A 70-year-old Michigan woman lost over $270,000 after a scammer impersonating an FTC agent threatened her with arrest for money laundering and drug trafficking. Believing the false charges, she initially purchased gold and later cashed out her own and her late husband's pension accounts to pay the fraudster, who was eventually arrested after she reported the crime to police. This case exemplifies a common government impersonation scam targeting seniors, who collectively lost $7.7 billion to fraud in 2025.
southtexasnews.com
· 2026-09-25
This article describes an educational workshop held in Kenedy, Texas, where seniors and caregivers learned about resources for healthy aging, including topics on transportation, brain health, and financial safety. FBI and Adult Protective Services representatives provided guidance on recognizing and avoiding elder fraud and financial scams as part of the free "Education Expeditions" event organized by the Alamo Senior Advisory Committee. The workshop was informational in nature with no specific fraud incidents or financial losses reported.
news9.com
· 2026-09-25
Oklahoma enacted a new law effective in November to protect elderly and vulnerable consumers from financial scams by removing barriers that prevented financial institutions from intervening, reporting to law enforcement, and contacting Adult Protective Services when fraud is suspected. The law also allows consumers to designate a trusted contact on their account who can be alerted if suspicious activity occurs, without gaining transaction authority. Common scams targeting seniors include caller ID spoofing impersonating banks and social media fraud, with experts urging victims to pause, verify through official channels, and contact their financial institution or local authorities immediately.
hk-now.com
· 2026-09-25
The Connecticut Department of Banking and State Rep. Chris Aniskovich hosted a free "Fraud Bingo" educational event on September 28, 2026, designed to help residents recognize and prevent common scams including banking fraud, identity theft, and financial exploitation. The interactive program was open to the public, particularly targeting seniors, and covered warning signs and protection strategies against evolving criminal schemes targeting personal information and money. No specific fraud cases or dollar amounts were discussed; the event was purely educational and preventative in nature.
abc.net.au
· 2026-09-25
Cambodia's multi-billion-dollar online scam industry persists despite government crackdowns, as evidenced by analysis of nearly 5,000 job advertisements posted on Telegram recruiting workers for scam operations between April 2023 and July 2024. The ads, posted in multiple languages, offered various roles including "victim finders" ($600/month), romance scam "models" (up to $12,000/month for those with "Western" or "Japanese" features), and money launderers, with some explicitly targeting victims in the US, Europe, Australia, and other countries. While Cambodia's government claims to have successfully dismantled scam compounds through raids in 2025, the persistence
foxbusiness.com
· 2026-09-25
The IRS launched a new mobile app that allows taxpayers to securely check refund status and make payments directly from their phones, with CEO Frank Bisignano claiming it is "100% secure" and designed to combat fraud and identity theft. The app expansion comes as the IRS handled 600 million online inquiries last year—double the previous year—and is working to reduce its backlog of identity theft cases, which peaked at roughly 500,000 items in 2024 but has since been cut by more than half.
floridabar.org
· 2026-09-24
A lonely Jacksonville widower lost over $450,000 in a romance scam orchestrated by a male scammer operating from China who posed as a woman on WhatsApp and promised investment opportunities. An elder law attorney successfully used Florida's new SB 106 law to freeze an additional $200,000 wire transfer by serving the scammer through the same WhatsApp platform used in the scheme. The case highlights the vulnerability of isolated seniors to romance fraud, with FBI data showing elder fraud complaints rose 59% last year with total losses of $7.7 billion nationally, including $709.8 million from Florida victims.
finance.yahoo.com
· 2026-09-24
A 70-year-old Michigan woman cashed out her and her late husband's pension accounts, totaling over $270,000, after a scammer posing as an FTC agent threatened her with arrest for alleged money laundering and drug trafficking. The victim was instructed to purchase gold and later withdraw cash to pay the fake charges, and was threatened with arrest if she contacted police. A 30-year-old man from Sacramento was arrested using community camera footage, though it's unclear whether the victim recovered her money.
broadandliberty.com
· 2026-09-24
Pennsylvania's elderly population, which comprises over one-quarter of the state's residents, lost over $215 million to scams in 2025 alone, according to FBI data. Common scams targeting seniors include romance and investment fraud, online shopping counterfeit schemes, phishing scams impersonating government agencies like Social Security and the IRS, and grandparent emergency scams. Scammers exploit seniors' vulnerability by using spoofed phone numbers, fake websites, and increasingly AI technology to deceive victims into divulging sensitive financial information or transferring funds.
theconversation.com
· 2026-09-24
While older Australians experience crime at lower rates overall, they are disproportionately vulnerable to fraud and abuse, accounting for 26.5% of scam losses despite representing only 17% of the population. A national study found 14.8% of people 65+ experienced abuse in the past year, with family members responsible for around half of all abuse cases and 64% of financial abuse incidents. Significant underreporting occurs due to shame, fear of judgment, and concerns about getting perpetrators in trouble, with only one in three abuse victims seeking help and just 17% reporting to police.
gobankingrates.com
· 2026-09-24
According to an Avast survey, 68% of U.S. respondents with older loved ones report that at least one has fallen victim to online scams, identity theft, or fraud at some point, highlighting a significant elder fraud problem in America. The survey underscores the vulnerability of seniors to digital scams and suggests that brief tech education and family conversations could help protect older adults from becoming victims.
finance.yahoo.com
· 2026-09-24
A 58-year-old woman lost approximately $600,000 in a "pig-butchering scam" after being contacted online by someone claiming to be from Brussels who posed as her friend over four months and convinced her to invest in a fraudulent business, withdrawing $400,000 from her retirement account and taking $200,000 in personal loans. The scammer then disappeared, and she faced an additional $225,000 tax bill from the IRS for the early retirement withdrawal, eventually filing Chapter 13 bankruptcy with monthly payments of $5,600 that will continue for several years.
moneywise.com
· 2026-09-24
A 58-year-old woman lost approximately $600,000 to a pig-butchering scam after being befriended online by a fraudster posing as someone from Brussels who eventually convinced her to withdraw $400,000 from her retirement account and take out $200,000 in personal loans for fraudulent investments. The IRS subsequently issued her a $225,000 tax bill for the retirement account withdrawal, penalties, and counting the stolen funds as taxable income, forcing her into Chapter 13 bankruptcy with $5,600 monthly payments.
chattanoogan.com
· 2026-09-24
The U.S. Senate unanimously passed the Romance Scam Prevention Act, which would require dating apps to notify users who have communicated with individuals removed for fraudulent activity. Romance scams targeting seniors have surged, with Tennesseans over 60 losing $43 million in 2023 and nationwide losses reaching $1.3 billion in 2022. The legislation addresses the gap created when scammers move conversations off dating platforms after their accounts are deactivated.
moneytalksnews.com
· 2026-09-24
Americans lost $15.9 billion to fraud in 2025, with investment fraud being the costliest category at $7.9 billion in losses, and adults over 60 reporting significantly larger individual losses including six-figure amounts when victimized. Traditional scams—including penny stock schemes, grandparent impersonations, romance fraud, prize scams, and bank impersonation—have been refined through modern technology like text messaging, AI voice cloning, and social media to target victims more efficiently and at unprecedented scale. The article advises verification of financial advisors, use of family code words, skepticism of unsolicited money requests from strangers, and direct contact with banks using verified phone numbers rather
japantimes.co.jp
· 2026-09-24
Cambodia is targeting licensed casinos suspected of serving as fronts for cybercriminal operations that have stolen billions globally, expanding enforcement actions beyond physical scam compounds. Authorities have already audited all 195 licensed casinos nationwide and suspended several linked to illicit activities, while also investigating approximately 30 subsidiaries of Prince Group—whose chairman was arrested and extradited to China in January—and tracing offshore assets across Singapore, the U.S., and the U.K. The crackdown aims to prevent criminal syndicates from using legitimate business structures and casinos to launder proceeds from online scams and illegal gambling operations.