Search
Explore the Archive
Search across 22,013 articles about elder fraud. Filter by fraud type, payment mechanism, or keywords.
4,637 results
in Investment Fraud
finance.yahoo.com
· 2025-12-08
A Las Vegas couple, Jong Rhee, 45, and Neelufar Rhee, 34, were arrested in May 2025 and face multiple charges for operating a $57 million investment fraud scheme through their businesses Twisted Twins Motorsports and Lusso Auto Spa, where they promised investors extraordinary returns on luxury vehicles and boats allegedly being resold to overseas buyers who investigators say never existed. The couple claimed vehicles like a $526,000 Rolls-Royce could be sold for $7.5 million and promised one investor a $57 million investment could yield $2.5 billion, but instead allegedly used investor funds for personal luxury purchases, travel, an
finance.yahoo.com
· 2025-12-08
CIRO issued a warning on World Elder Abuse Awareness Day noting that scams targeting seniors are rising, with approximately 30% of CIRO enforcement cases involving seniors and one in five Canadians approached with possible investment fraud, primarily through unsolicited emails, texts, calls, and social media messages. The organization provided protective measures including being cautious with unsolicited communications, safeguarding personal information, obtaining legal advice before signing major documents, establishing a Power of Attorney, and naming a trusted contact person with financial advisors, while emphasizing that victims should report suspected fraud immediately to avoid secondary "recovery scams."
vancouver.citynews.ca
· 2025-12-08
Ahead of World Elder Abuse Awareness Day on June 15, 2025, authorities warned that while technology and AI have improved seniors' quality of life, these same advances are increasingly being used to defraud them—with financial abuse being the most common form of elder abuse in Canada. Seniors are targeted because they have accumulated wealth, and fraudsters exploit AI and online platforms to conduct scams largely outside regulatory jurisdiction. The BC Securities Commission created "Scamtones"—specialty ringtones in various musical genres—to remind seniors to be cautious of suspicious phone calls and spark conversations with family members about investment fraud prevention.
wsfa.com
· 2025-12-08
The Alabama Securities Commission reported a record 200 elder fraud cases since January, with women aged 71-90 being disproportionately affected, and identified social isolation as a key vulnerability factor that scammers exploit during periods of grief or health crises. Fraudsters use social media information and infiltrate senior groups to build trust, with exploitation ranging from online romance scams to financial abuse by family members and caregivers. The ASC recommends maintaining regular contact with seniors, adding "trusted contacts" to financial accounts, and sharing fraud awareness information to reduce vulnerability to these increasingly sophisticated schemes.
the420.in
· 2025-12-08
Mumbai's cyber crime team uncovered two romance-based investment scams targeting men who lost a combined ₹74 lakh (approximately $89,000 USD). In both cases, scammers posing as women established online relationships through matrimonial and social media platforms, then lured victims into fake cryptocurrency and stock trading schemes with fabricated profits before locking them out and disappearing. The schemes exploited trust and initial small withdrawals to convince victims of legitimacy before extracting significantly larger sums.
forbes.com
· 2025-12-08
Investment scams cost Americans over $6.5 billion in 2024, with phishing emails and tech support scams adding another $4.1 billion in losses, according to FBI data. This article provides ten expert strategies for protecting investments, including verifying platform legitimacy, recognizing phishing and impersonation tactics, avoiding Ponzi schemes, being cautious of social media/romance scams, conducting thorough research, and identifying fake tech support and recovery scams. The advice emphasizes that as digital fraud becomes increasingly sophisticated, investors must stay vigilant by checking security certifications, verifying credentials directly, and remaining skeptical of unsolicited investment offers promising guaranteed high returns.
local10.com
· 2025-12-08
South Florida FBI agents are warning seniors about rising elder fraud trends, with impersonation scams (including AI-generated voice calls mimicking grandchildren and tax/immigration-related schemes) and "pig butchering" cryptocurrency investment fraud among the most prevalent tactics. According to FBI Florida data, tech support scams affect the most victims (235 cases), while investment scams cause the highest financial losses at $13.3 million across 105 cases, with agents advising potential victims to stay calm, verify requests through third parties, and recognize urgency tactics as red flags.
mercercountyoutlook.net
· 2025-12-08
Ahead of World Elder Abuse Awareness Day, the FBI issued a public reminder about elder fraud, which caused $4.885 billion in losses across 147,127 complaints in 2024—a 46% increase from 2023. In Ohio specifically, seniors over 60 lost more than $95 million in 2024, with significant losses in investment scams ($31 million), romance scams ($11 million), and tech support scams ($10 million). The FBI emphasizes that scammers target elderly Americans because they are perceived as trusting and financially stable, and advises seniors to verify unknown contacts, resist pressure to act quickly, and report suspecte
nwahomepage.com
· 2025-12-08
**Elder Fraud on Rise in Arkansas and Nationally**
The FBI reported that seniors over 60 lost $4.885 billion nationally in 2024 across 147,127 fraud complaints—a 46% increase from 2023—with Arkansas seniors alone losing $27.3 million to investment scams, technical support scams, money mule schemes, and romance fraud. Seniors are targeted because they tend to be trusting and may be unfamiliar with reporting channels like IC3.gov. The FBI recommends verifying unknown contacts through legitimate sources, resisting pressure to act quickly, avoiding unsolicited communications, never sharing personal information with unverified parties
wvnews.com
· 2025-12-08
**Summary:**
The FBI Pittsburgh warned that elder fraud complaints reached 147,127 in 2024, resulting in $4.885 billion in losses—a 46% increase in complaints and 43% surge in losses year-over-year, with West Virginia victims reporting $5.7 million in losses. Common schemes targeting seniors include romance scams, investment fraud, tech support scams, and money mule schemes, with fraudsters exploiting seniors' perceived trustworthiness, isolation, and financial stability. The FBI recommends verifying unknown contacts, avoiding pressure-based decisions, protecting personal information, and reporting suspected fraud through the Internet Crime Complaint Center (IC3.gov) to help law enforcement
yahoo.com
· 2025-12-08
Arkansas seniors suffered $27.25 million in fraud losses during 2024, part of a national epidemic where those over 60 lost $4.885 billion to scams—a 46% increase from 2023. Common schemes targeting older adults include investment fraud, tech support scams, romance scams, and money mule schemes, which succeed because seniors tend to be trusting and may be unfamiliar with reporting mechanisms. The FBI recommends seniors verify unknown contacts through reputable sources, resist pressure to act quickly, avoid unsolicited contact, never share personal information with unverified parties, and report suspected fraud to local law enforcement or IC3.gov.
kwqc.com
· 2025-12-08
Two men posing as Federal Trade Commission officials defrauded a 63-year-old Bettendorf resident of $35,000 by claiming their bank account was compromised. When the scammers returned demanding an additional $40,000, police were waiting and arrested 37-year-old Lijin Wang and 39-year-old Chen Xing on charges of conspiracy and felony theft of an elderly individual. This case reflects a broader trend of government impersonation scams targeting seniors, which contributed to over $3.4 billion in elder fraud losses reported to the FBI in 2023.
timesofindia.indiatimes.com
· 2025-12-08
Pranav Patel, an Indian-origin man, was sentenced to six years and three months in prison and ordered to forfeit $1,791,301 for his role as a money mule in a scheme targeting senior citizens between October and December 2023. Operating from overseas call centers, the perpetrators impersonated US Treasury Department officials and defrauded elderly victims by threatening arrest warrants or claiming to safeguard their money and gold, with Patel collecting funds and valuables from victims across the eastern United States. One victim was forced to sell his home due to the scam, and Patel was apprehended in December 2023 while attempting to collect what he
americanbazaaronline.com
· 2025-12-08
Pranav Patel, 33, from New Jersey, was sentenced to 75 months in prison and ordered to forfeit nearly $2 million for his role as a money mule in a government impersonation scam targeting senior citizens between October and December 2023. Patel picked up cash and gold from victims across the East Coast who had been fraudulently told by overseas call center operators posing as Treasury Department officials that they faced arrest warrants or needed to surrender assets for safekeeping. One victim was forced to sell his house and rely on Social Security after losing his savings in the scheme, which resulted in approximately $1.79 million in laundered fraud proceeds.
cityam.com
· 2025-12-08
In 2024, over £1 billion was stolen through fraud in the UK, with 3.3 million confirmed fraud cases representing a 12 percent increase from 2023, though banks prevented £1.5 billion in unauthorized fraud. Investment fraud caused the largest losses at £144 million (up 34 percent), while purchase scams were the most common type, with 70 percent of authorized push payment fraud beginning on online platforms. To avoid scams, consumers should watch for red flags including unsolicited contact, pressure to decide quickly, requests for payment upfront, and promises that seem too good to be true; victims should report incidents to police, Action Fraud, and their
newsmeter.in
· 2025-12-08
A 38-year-old businessman in Ranga Reddy, Hyderabad, lost nearly Rs 2 crore in a cryptocurrency investment scam after being lured through WhatsApp by a person claiming to be Satish Dubey who promised high returns. The scammer used fake profit screenshots and escalating investment requests (starting with Rs 9 lakh, then Rs 13.5 lakh, then Rs 1.35 crore for "VIP-1 status"), and later claimed the exchange platform was hacked; when the victim traveled to Delhi to meet the scammer in person, he was directed to another fraudster who convinced him to invest an additional Rs
mashable.com
· 2025-12-08
In 2025, text-based scams have become the most prevalent threat, with the E-ZPass scam leading the way—fraudsters send texts falsely claiming unpaid tolls and threatening license suspension to create urgency and trick recipients into clicking malicious links. Other major scams include DMV impersonation texts using similar tactics, fake job offer texts posing as employers or Indeed itself, and fraudulent Joann Fabric advertisements on Facebook and Pinterest directing users to counterfeit websites. The FTC recommends never clicking links or engaging with suspicious messages, contacting relevant agencies directly to verify claims, and reporting scams rather than responding to them.
therecord.media
· 2025-12-08
Seven law enforcement agencies across Asia, led by Singapore Police Force, conducted a month-long multinational operation in April and May that shut down dozens of scam centers, arrested over 1,800 people, and froze approximately 32,000 bank accounts linked to at least 9,200 scam cases (including investment fraud, dating app schemes, and government impersonation) that collectively stole approximately $225 million from victims. Singapore alone arrested 106 people responsible for 1,300 scams totaling about $30 million, and authorities seized $20 million globally as part of the coordinated "Operation Frontier+" effort, which officials plan to continue with real-time
cnbc.com
· 2025-12-08
Forty-two state attorneys general, led by New York AG Letitia James, are calling on Meta to combat investment scams on Facebook that use fraudulent images of celebrities like Warren Buffett and Elon Musk to lure users into pump-and-dump schemes on WhatsApp, with thousands of users losing hundreds of millions of dollars. The attorneys general report that criminals are repeatedly evading Meta's review systems, and the scams persist months after being reported to the company. Meta responded by stating it is investing in technology, facial recognition, and cross-industry partnerships to combat scams, while the AGs urged the company to increase human review of ads or stop running investment ads altogether.
hometownstations.com
· 2025-12-08
Acting U.S. Attorney Carol M. Skutnik highlighted Elder Abuse Awareness Month in June and emphasized the U.S. Attorney's Office commitment to combating financial fraud targeting seniors, noting that scammers use unsolicited communications and impersonation tactics to exploit older adults' savings. The office outlined common scams affecting seniors including cryptocurrency schemes, lottery fraud, grandparent scams, romance scams, government impersonation, money mule recruitment, and tech support fraud, and recommends vigilance and reporting suspected elder financial abuse to the FBI or Department of Justice.
hometownstations.com
· 2025-12-08
Acting U.S. Attorney Carol M. Skutnik announced that the Northern District of Ohio is committed to combating financial fraud targeting seniors during Elder Abuse Awareness Month in June, noting that scammers use unsolicited communications and impersonation tactics to steal victims' life savings. The office highlighted common scams affecting older adults, including cryptocurrency schemes, lottery scams, grandparent scams, romance scams, government impersonation schemes, money mule operations, and tech support frauds, and urged seniors to remain vigilant while offering FBI and Department of Justice resources for reporting elder financial abuse.
justice.gov
· 2025-12-08
Pranav Patel, a 33-year-old New Jersey man, was sentenced to six years and three months in federal prison for his role as a money mule in an elder fraud scheme that defrauded senior citizens of approximately $1.79 million between October and December 2023. Fraudsters operating from overseas call centers impersonated government agents, falsely claiming victims had outstanding arrest warrants or needed to surrender money and gold for safekeeping, while Patel collected the proceeds from victims across the East Coast. One victim was forced to sell his house and rely on Social Security after losing his savings to the scam.
coastaldigest.com
· 2025-12-08
A man in Mangaluru lost Rs 24.2 lakh between April 2024 and May 2025 to an online investment scam involving fraudulent trading schemes advertised on Instagram and promoted via WhatsApp by individuals posing as investment advisors (Sharon Trivedi and Ishita Paul). The scammers used fake trading apps and websites, initially returning small amounts to build trust, then demanded taxes, commissions, and security deposits before allowing withdrawals. The victim filed a complaint with police after realizing the fraud, and authorities recommend verifying investment platforms, avoiding unfamiliar apps, and consulting financial experts before investing.
corporate.vanguard.com
· 2025-12-08
U.S. consumers lost over $12.5 billion to fraud in 2024, a 25% increase from 2023, driven by increasingly sophisticated "crossover scams" that combine multiple fraud techniques over extended periods. These scams employ social engineering, impersonation of trusted entities (banks, government agencies), and multi-channel contact methods to manipulate victims into transferring funds through untraceable means, with common variations including tech support/account security scams and fake investment schemes with emotional manipulation. Beyond financial losses, victims experience significant emotional and psychological harm, including depression, relationship problems, and diminished financial confidence.
justice.gov
· 2025-12-08
Acting U.S. Attorney Carol M. Skutnik issued a press release for Elder Abuse Awareness Month highlighting the prevalence of financial scams targeting seniors in the Northern District of Ohio, including cryptocurrency, lottery, grandparent, romance, government impersonation, money mule, and tech support schemes. The statement emphasized that scammers use unsolicited communications and fraudulent tactics to exploit seniors' savings, with some victims losing their entire life savings, and urged vigilance and reporting through the FBI and Department of Justice resources.
americascreditunions.org
· 2025-12-08
A 66-year-old executor embezzled $3.7 million from his 92-year-old dementia patient by systematically draining her accounts through withdrawals, checks, and credit-card charges, then spent the funds on luxuries, leaving her estate virtually depleted. The case exemplifies a growing crisis: older Americans lost $12.5 billion to scams and fraud in 2024 (a 25% increase from 2023), with common exploitation methods including property theft, fraudulent power-of-attorney misuse, romance scams, and grandparent imposter schemes. Financial institutions are responding by training staff to recognize red flags—such as
wpsdlocal6.com
· 2025-12-08
In 2024, seniors aged 60 and older lost $4.8 billion to online scams—a 43% increase from the previous year—with an average loss of $83,000 per victim, according to FBI data cited by Paducah-based cybersecurity firm SOMA Cyber Inc. Investment scams were the costliest fraud type, taking nearly $2 billion from this age group, while romance scams and tech support impersonation schemes also caused significant losses. SOMA Cyber is launching awareness workshops and recommends seniors verify unexpected financial requests independently, use strong password practices, enable two-factor authentication, and immediately contact their bank if victimized.
bocaratontribune.com
· 2025-12-08
In 2024, Americans over 60 reported a 46% increase in financial scams compared to 2023, resulting in losses exceeding $4.8 billion, with nearly 12,000 victims in Florida alone. Common schemes include phone and mail scams, Medicare fraud, internet scams, and power-of-attorney abuse. The article provides prevention strategies including learning to identify common scams, understanding IRS communication practices, registering on Do Not Call lists, seeking reputable financial services, and reporting suspected fraud to consumer protection agencies.
patch.com
· 2025-12-08
Cynthia Song, 43, of Arcadia pleaded guilty to leading a money laundering ring of at least 15 people who moved over $11.6 million stolen from approximately 180 elderly victims across the country to overseas accounts, primarily in China. Song and her co-conspirators, mostly people of Chinese descent in the LA area, created fake business entities and opened multiple bank accounts to disguise the illegal transfers, keeping 5-10% of the funds for themselves before sending the remainder abroad. She faces up to 20 years in prison and is scheduled for sentencing on September 16.
justice.gov
· 2025-12-08
The U.S. Attorney's Office co-hosted the 3rd Annual Walk for Awareness in Charlotte, North Carolina on June 11, 2025, ahead of World Elder Abuse Awareness Day, to raise awareness about financial, physical, and emotional abuse affecting seniors. According to the FBI's 2024 Internet Crimes Report, adults over 60 suffered $4.8 billion in financial losses and filed 147,127 complaints, with investment fraud, tech support scams, romance scams, and government impersonation being the most common schemes. The U.S. Attorney's Office has prosecuted multiple elder fraud cases involving millions of dollars and continues partnering with community organizations to
bleepingcomputer.com
· 2025-12-08
Five men from China, the United States, and Turkey pleaded guilty to operating an international cryptocurrency investment scam ring that stole nearly $37 million from U.S. victims through fake digital asset schemes conducted from Cambodia. The perpetrators contacted victims via social media, dating services, and phone calls, falsely claiming their investments were growing while actually stealing their funds and laundering the money through shell companies, international bank accounts, and cryptocurrency conversions in the Bahamas. Eight co-conspirators have pleaded guilty so far, with charges carrying maximum penalties of 20 years for money laundering conspiracy.
wyso.org
· 2025-12-08
Ohio seniors reported 302 scam and fraud complaints to the Division of Securities in 2024, a 22% increase from 2023, with the state experiencing over $64 million in losses according to FBI data. Romance scams targeting older adults have grown significantly, with perpetrators using dating apps to build relationships before convincing victims to invest in cryptocurrency by liquidating retirement accounts or refinancing homes, with funds directed to fraudulent exchanges. Investigators advise seniors to verify any claims about compromised accounts directly with financial institutions, avoid secrecy in relationships, and report suspected fraud to local police and the Ohio Division of Securities at 614-644-7381.
manxradio.com
· 2025-12-08
The Isle of Man Cyber Security Centre reported a surge in digital fraud from March to April, including over 700 suspicious emails, advance fee scams, phishing attempts, and impersonation schemes targeting residents and businesses through fake websites and social media accounts. Notable cases included a romance scam that escalated to sextortion (£1,500 + £4,000 demanded), deepfake videos impersonating politicians promoting cryptocurrency fraud, business invoice fraud costing £9,000, and marketplace scams resulting in losses ranging from £850 to £965. The Centre advised residents to verify financial claims through official sources and businesses to rely on their own websites rather than social media platforms where impersonation
wosu.org
· 2025-12-08
Ohio seniors filed 302 scam and fraud complaints to the Division of Securities in 2024, a 22% increase from 2023, with the state experiencing over $64 million in elder fraud losses in 2023 alone. The most prevalent scam targeting older Ohioans is the romance scam, where international criminals use dating apps to build relationships and eventually persuade victims to invest in cryptocurrency by liquidating retirement accounts or refinancing homes, with funds directed to fictitious platforms. Investigators urge seniors to report suspicious propositions to trusted contacts, verify financial institution communications independently, and report suspected fraud to local police and the Ohio Division of Securities.
theprint.in
· 2025-12-08
A 75-year-old man in New Delhi lost Rs 20 lakh (half his life savings) to a cybercrime scheme involving unauthorized bank transfers and fixed deposit withdrawals, forcing his family to postpone a wedding. The incident reflects a broader crisis: cybercrimes targeting elderly Indians increased 86% from 2020 to 2022, with criminals exploiting seniors' digital illiteracy through fraudulent calls, links, and "digital arrest" schemes. In response, police departments and NGOs across India—including Kolkata Police, Bengaluru Police, and HelpAge India—have launched awareness campaigns and digital literacy workshops to educate seniors on cybersecurity an
timesofindia.indiatimes.com
· 2025-12-08
An NRI businessman in Delhi was defrauded of Rs 1.3 crore (approximately $156,000) by a man who posed as a meat exporter, promising high returns on an export business venture using forged documents. The victim, along with his father's lifelong savings, made multiple payments between June 2024 and November 2024, including an additional $80,000 transfer arranged through Dubai contacts, before the suspect severed all communication and disappeared. Delhi Police crime branch registered a cheating case after investigation confirmed the funds were diverted to the suspect's personal account rather than any legitimate business purpose.
gulfnews.com
· 2025-12-08
Pakistani authorities launched "Operation Grey," a major crackdown targeting a transnational cybercrime network involving individuals from over ten countries who perpetrated multibillion-rupee online fraud through illegal gambling apps, loan scams, call centres, and fake investment platforms. The investigation led to arrests including a woman and bank manager, recovery of Bitcoin and foreign currency, and exposed suspicious transactions across 36 company accounts, with the operation being monitored at the highest government levels due to its scale and complexity. The FIA plans to expand the nationwide operation post-Eid holidays to dismantle remaining illegal call centres involved in cyber fraud.
businesskorea.co.kr
· 2025-12-08
Despite fraud crimes surging nearly 50% over the past decade in South Korea, victim compensation remains inadequate, with criminal restitution averaging only 7.77 billion won annually and court-ordered compensation claims facing a declining approval rate that fell to 35.5% in 2023. The current Corrupt Asset Confiscation Act limits restitution eligibility to habitual or organized fraud cases, excluding emerging scams like jeonse scams, stock trading chatroom schemes, and romance scams, leaving victims of these rapidly proliferating frauds without adequate relief options. Legal experts and lawmakers are calling for amendments to expand confiscation and compensation provisions to cover new fraud types and improve victim
nzherald.co.nz
· 2025-12-08
This educational piece outlines common scam types affecting email and social media users, including phishing, romance scams, investment fraud, and ATM skimming, noting that scammers exploit vulnerable people in distressing situations. New Zealand's Banking Association is implementing protections by November that will require banks to reimburse fraud victims up to $500,000 under certain conditions and use new technology to detect suspicious transactions. The article emphasizes that awareness and family support are critical defenses, as even tech-savvy individuals can fall victim to fraud.
irontontribune.com
· 2025-12-08
In recognition of Elder Abuse Awareness Month, Ohio's Department of Commerce Division of Securities and Department of Aging are addressing a significant financial exploitation crisis affecting older Ohioans, who lost over $64 million in 2024 with fraud complaints up 22% year-over-year. The state highlights common warning signs of elder financial abuse—including unexplained withdrawals, suspicious account changes, and unpaid bills—and notes that seniors are particularly vulnerable to romance scams, tech support impersonation, and grandparent scams that exploit loneliness and lack of technological familiarity. Multiple state resources are available for reporting suspected fraud and obtaining assistance, including the Division of Securities' hotline and Adult
cnn.com
· 2025-12-08
This article is a profile of comedian Alex Falcone and his popular TikTok series "Is it a scam? Yep," which exposes various frauds and deceptive business practices to over half a million followers. Falcone, inspired by his family's carnival background and early exposure to con artists, creates fast-paced educational content that reveals how people and companies manipulate consumers. The piece reflects on society's growing awareness of scams in the digital age and people's fascination with understanding the mechanics behind fraud.
ibtimes.co.uk
· 2025-12-08
Barclays UK released research revealing the top 10 scams affecting British consumers in 2024, finding that one in five people were scammed and a third know someone who was. The most common scams include fake delivery notifications (51%), HMRC impersonation (42%), purchase fraud (40%), and online marketplace scams (38%), with the bank advising consumers to verify companies, avoid pressure tactics, and be skeptical of offers that seem too good to be true. Barclays and tech companies like Google are implementing better detection tools, though consumers must remain vigilant with strong passwords and skepticism to protect themselves.
asiaone.com
· 2025-12-08
Three men aged 24, 28, and 30 were charged in court for their roles in a government impersonation scam where they posed as Monetary Authority of Singapore officials and defrauded multiple victims of approximately $500,000 in gold bars and $21,000 in cash. The initial 68-year-old victim was convinced to surrender 27 gold bars (100g each) for a fake investigation, and the men were arrested after collecting the items and attempting to flee Singapore. If convicted of abetting criminal conduct, they face up to 10 years imprisonment, fines up to $500,000, or both.
silversurfers.com
· 2025-12-08
This article describes seven prevalent scams on social media targeting users: fake shop accounts, phishing scams with malicious links, fake giveaways, investment scams promising high returns, romance scams, impersonation scams, and charity scams exploiting crises. The article advises users to verify sources, avoid clicking unsolicited links, use strong passwords with two-factor authentication, and stay educated about evolving fraud tactics to protect themselves and report suspicious activity to platforms.
nwestiowa.com
· 2025-12-08
Four Sioux Center banks—American State Bank, Northwest Bank, Peoples Bank, and Primebank—are partnering with local police to present a free fraud awareness education event on June 11, aimed at helping community members recognize and prevent scams. While the presentation targets the 55+ demographic, organizers emphasize that all age groups are vulnerable to fraud, with data showing adults 18-59 are actually 34 percent more likely to report fraud losses than older adults. The event will address common scam tactics including impostor scams, romance scams, and cryptocurrency fraud, teaching attendees to recognize red flags like urgency, unnerving pressure, and unexpected contact.
journal-news.com
· 2025-12-08
A 67-year-old Ohio woman was victimized by a cryptocurrency scam where she was instructed to withdraw cash and deposit it into a Bitcoin ATM via QR code—one of hundreds of similar cases targeting seniors in Ohio in 2024, often impersonating companies like Amazon, FedEx, or federal agencies. Americans aged 60+ lost nearly $4.89 billion to internet fraud in 2024 (a 46% increase from 2023), with cryptocurrency scams being particularly difficult to reverse once funds are transferred through digital wallets and mixers that obscure transaction origins. Law enforcement emphasizes that quick reporting is critical to recovering funds, and legitimate companies never request payments
hpj.com
· 2025-12-08
Kansas state agencies partnered to host World Elder Abuse Awareness Day events in June to educate communities about preventing financial scams targeting older adults, emphasizing that recovery rates for investment fraud victims are below 5%. The Kansas Department of Insurance, Department for Children and Families, and Department for Aging and Disability Services offered presentations across the state highlighting how to recognize and prevent financial exploitation of seniors.
bangaloremirror.indiatimes.com
· 2025-12-08
A Bengaluru pre-owned motorcycle dealer lost Rs.38.85 lakh in a "pig butchering" scam that combined romance fraud with cryptocurrency investment schemes. A woman posing as "Lakshmi Priya" connected with him on a matrimonial site, built emotional trust through video calls with fake family members, and convinced him to invest in a fraudulent cryptocurrency trading platform called "Bost Base," showing fake returns that eventually reached Rs.1.4 crore. When he attempted to withdraw his funds, he was told he needed to pay Rs.21 lakh in "UK taxes" and, after borrowing money from friends and family to complete this payment
theindependent.sg
· 2025-12-08
The U.S. Treasury Department sanctioned Funnull Technology Inc., a Philippine-based tech firm, for supplying infrastructure to host over 332,000 fraudulent cryptocurrency investment domains used in "pig butchering" scams. These elaborate romance-based schemes victimized thousands of people, causing average losses of $150,000 per victim with total damages exceeding $200 million. The company, registered in the Philippines in 2021, purchased bulk IP addresses from cloud providers and sold them to scammers to evade detection, while also compromising a widely-used JavaScript library to redirect users to malicious sites.
verywellmind.com
· 2025-12-08
This educational article from Verywell Mind explains that phishing scams and fraud are widespread in the digital age, using psychological manipulation tactics that can deceive even intelligent individuals. The piece emphasizes that banks never initiate contact about suspicious account activity, and advises readers that falling victim to scams is not a reflection of intelligence or gullibility but rather a result of sophisticated criminal tactics. It also stresses the importance of self-compassion for scam victims and introduces a series covering common fraud types, psychological vulnerabilities exploited by scammers, and prevention strategies.