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buckscountyherald.com
· 2025-12-08
Scammers target seniors of all financial means, exploiting their politeness and vulnerability through schemes like grandparent scams, credit card theft, investment fraud, and romance scams. National fraud losses reached $12.5 billion last year, with Pennsylvania ranking sixth in fraud reports; AARP's Consumer Issues Task Force, staffed by 15 volunteers including former postal inspector Tony Wolchasty, educates seniors about common scams and advises victims to report to local police and contact the AARP Fraud Watch Network Helpline at 1-877-908-3360.
finance.yahoo.com
· 2025-12-08
A Texas retiree lost approximately $500,000 in a romance-investment scam after meeting a woman named "Gianna" on the dating site Silver Singles, who gradually persuaded him to invest in cryptocurrency over several months. The scammer used fabricated account statements showing investment gains to encourage him to withdraw his 401(k) and continue sending money, eventually disappearing with his funds. To recover his losses, Dalrymple plans to return to full-time work and sell his home; the scam exemplifies a growing trend combining romance and cryptocurrency fraud, with investment scams accounting for nearly half of all reported fraud cases involving cryptocurrency in 2024.
states.aarp.org
· 2025-12-08
This AARP educational piece outlines multiple fraud schemes targeting older adults: gold bar scams where criminals impersonate bank officials to convince victims to withdraw savings for "safekeeping," fake cruise deal scams using fraudulent websites and ads, and romance scams involving cryptocurrency investments. The article provides prevention strategies including verifying legitimate sources, using credit cards for purchases, and recommends that family members support fraud victims through compassionate questioning and regular scam awareness discussions rather than blame.
fingerlakes1.com
· 2025-12-08
Governor Hochul's budget proposal includes training for bank employees to detect and report financial scams targeting older New Yorkers, with State Police support citing $203 million in losses to seniors in 2023. The measure aims to enable early law enforcement intervention before scammers access victims' funds, though it was initially excluded from Senate and Assembly budgets, possibly due to financial industry concerns. Advocates stress the urgency given New York's growing senior population and increasing financial exploitation.
e.vnexpress.net
· 2025-12-08
An 80-year-old woman named Ngoc in Phan Thiet, Vietnam lost her entire life savings of VND3 billion (approximately US$117,000) to an elaborate prize-drawing scam between June 2023 and January 2024. Scammers posing as employees of a non-existent "Perfect Southeast Asia Joint Venture Shopping Center" convinced her to purchase hundreds of items at inflated prices (4-10 times their actual value) by promising high-value prizes and lucky draw codes, instructing her not to open packages; when she requested pickup of the goods in January 2024, the scammers took 36 items an
yahoo.com
· 2025-12-08
Scammers exploit psychological vulnerabilities and human behavior to deceive victims, using tactics like "spray and pray" messaging to catch people when distracted, tired, or stressed. The FTC received 2.6 million fraud reports in 2024 resulting in $12.5 billion in losses, with research showing that nine in ten Americans have been targeted by fraud attempts, and cognitive impairment—whether temporary or chronic—significantly increases susceptibility to scams. Key protective insights include recognizing that truth bias makes people inherently inclined to believe what others tell them, and that remaining alert and verifying requests independently are essential defenses against fraud.
cnbc.com
· 2025-12-08
The FTC filed a lawsuit against Click Profit and its co-founders for operating a deceptive "passive income" scheme that charged consumers between $45,000-$75,000 to set up and manage Amazon storefronts, promising substantial returns that never materialized. The company made false claims about AI technology, brand partnerships, and earnings potential, but Amazon suspended or terminated 95% of their stores; over one-fifth earned zero revenue and another third earned less than $2,500 in lifetime sales, leaving most consumers unable to recover their investments. Many victims faced credit card debt, unsold inventory, and refusal of refunds, with one consumer losing his life savings.
fox7austin.com
· 2025-12-08
Scammers are increasingly using fake online dating profiles on apps and social media to defraud people seeking romance, often investing months or years building trust before requesting money for fabricated emergencies or investment opportunities. One Austin resident lost $60,000 after being lured into cryptocurrency investments by a scammer posing as someone named Anna, while others face extortion threats if intimate photos are shared. The Better Business Bureau recommends avoiding sending intimate images, being suspicious of vague answers about personal details, insisting on in-person meetings, and never sending money to people you haven't met.
miamitimesonline.com
· 2025-12-08
This educational article outlines major scam trends for 2025, including AI-enhanced scams (phishing, deepfakes, voice cloning), imposter scams where fraudsters pose as trusted contacts or companies with a median loss of $800 per victim, sextortion schemes involving explicit content extortion, romance scams using fake profiles and deepfake video calls, and phone-based scams using robocalls and malware. The article emphasizes that scammers primarily seek personal information or money, and recommends skepticism when contacted unexpectedly, especially regarding urgent requests or investment opportunities.
justice.gov
· 2025-12-08
**Summary:**
Oleg Beretsky was arrested and indicted in Brooklyn federal court for operating a healthcare fraud scheme from January 2017 to April 2024, in which he exploited elderly Medicare patients—particularly immigrants from the former Soviet Union—by referring them to doctors in exchange for kickbacks and bribes totaling over $12 million. Beretsky, owner of Obest, Inc., conspired with healthcare providers to bill Medicare for unnecessary or non-performed services while pocketing the proceeds through his fraudulent referral operation. He faces charges including healthcare fraud conspiracy, Anti-Kickback Statute violations, and money laundering conspiracy.
justice.gov
· 2025-12-08
Marcie Jean Doty, an Operations Manager in Evansville, Indiana, was sentenced to five years in federal prison for stealing approximately $1.8 million from her employer between May 2017 and June 2022 through 99 unauthorized ACH transfers ($503,151.59) and 279 unauthorized checks ($1,300,314.79), while falsifying accounting records to conceal the theft. She also willfully failed to report approximately $1.79 million in fraudulent income on her tax returns for 2018-2022, and was ordered to pay $2,517,343.05 in restitution.
businesstoday.com.my
· 2025-12-08
Standard Chartered Bank launched a revamped savings account for customers aged 55 and above that includes complimentary digital scam insurance (covering up to S$50,000 from phishing and malware scams) for the first year and higher tiered interest rates. The insurance, underwritten by MSIG, does not cover authorized payment scams such as love scams, investment scams, or impersonation scams, but will cover legal costs if account holders pursue action against scammers. The bank also increased interest rates on the account, with the maximum effective rate rising to 2.37 percent annually for balances of S$5 million.
mitrade.com
· 2025-12-08
Malaysian authorities warned of a surge in cryptocurrency investment scams targeting professionals and seniors, with one 74-year-old victim's family losing tens of millions of ringgit to a fraudulent syndicate. Phone scams impersonating tax officers, banks, and law enforcement remain prevalent, often using AI and deepfake technology to appear legitimate and pressure victims into transferring funds to fake "safe accounts." Malaysian police arrested over 23,000 suspects in financial scams last year and are using AI and blockchain technology to combat these evolving threats.
channelnewsasia.com
· 2025-12-08
Standard Chartered Bank launched an updated MyWay savings account for seniors aged 55 and above, featuring complimentary digital scam insurance for the first year that covers up to S$50,000 in losses from phishing and malware attacks, along with higher tiered interest rates on account balances. The insurance, underwritten by MSIG, excludes authorized payment scams such as love scams and investment scams where customers willingly transfer funds, and requires customers to maintain device security and report incidents to the bank within 7 days to be eligible for claims.
livebitcoinnews.com
· 2025-12-08
Cryptocurrency scams targeting seniors in Malaysia have resulted in millions of ringgit in losses, with fraudsters impersonating government officials via fake phone calls to convince victims to transfer crypto funds and investments. A 74-year-old investor lost millions after falling victim to these schemes, which promise excessive profits but result in complete loss of deposited funds. Malaysian authorities warn that seniors aged 60 and above should exercise extreme caution with digital asset investments, as scammers increasingly use sophisticated phone tactics and impersonation to target older investors and professional workers.
fandomwire.com
· 2025-12-08
Stan Lee, the legendary comic book author, allegedly experienced elder abuse during his final years, with business partner Keya Morgan accused of exploiting Lee's deteriorating mental state by pocketing approximately $222,000 through forced autograph-signing sessions. Morgan was charged with theft, embezzlement, forgery, and false imprisonment of an elder adult, but a judge dropped the charges in 2022 after a jury vote split 11:1 in favor of acquittal. A new documentary is being crowdfunded to expose the exploitation Lee allegedly suffered, with filmmaker Jon Bolerjack claiming Lee gave him permission to unveil the truth.
mychesco.com
· 2025-12-08
The FTC reported $12.5 billion in consumer fraud losses in 2024, a 25% increase from 2023, with investment scams ($5.7 billion) and imposter scams ($2.95 billion) leading the categories. The percentage of fraud reporters who lost money jumped from 27% to 38%, indicating scammers are employing increasingly sophisticated tactics, particularly through bank transfers and cryptocurrency payments that are difficult to reverse. Job and employment scams saw explosive growth, tripling in reports and skyrocketing from $90 million to $501 million in losses between 2020 and 2024.
cbc.ca
· 2025-12-08
Losses from scams in Canada reached $638 million in 2024, with New Brunswickers reporting $6 million in investment scam losses alone—a fivefold increase from 2023. Scammers are using artificial intelligence and sophisticated tactics, including fake news articles impersonating trusted media outlets and politicians, to deceive victims; recent examples include a fraudulent cryptocurrency scheme using Premier Susan Holt's image and AI-generated retail scams designed to exploit emotional responses. Industry experts warn that these evolving tactics make scams increasingly difficult to detect, requiring heightened digital literacy and skepticism when encountering content with recognizable names, logos, or timely headlines.
echopress.com
· 2025-12-08
According to the 2024 BBB Scam Tracker Risk Report, investment and cryptocurrency scams remain the riskiest scam type, with romance and friendship scams rising to number three for the first time. These scams employ "financial grooming"—where perpetrators build trust over weeks or months before encouraging victims to invest, often in fake platforms—resulting in romance/friendship scams having the highest median loss of $6,099 and investment scams at $5,000, with people ages 65 and older reporting the highest median dollar loss. The report found that overall median losses rose 30% from 2023 to 2024, with victims experiencing significant
timesofindia.indiatimes.com
· 2025-12-08
A 67-year-old lawyer from Mumbai lost Rs 35.6 lakh in a share market investment scam between October 2024 and January 2025. The scammer, posing as "Manish Gupta," lured the victim through a Telegram group that provided fake investment tips, convincing him to make 19 investments before refusing withdrawal requests and demanding 30% of alleged earnings. The lawyer filed a complaint with cyber police in March 2025 after verifying the investment website was fraudulent.
timesofindia.indiatimes.com
· 2025-12-08
Four Mumbai residents—a lawyer, student, share broker, and housewife—collectively lost Rs 1.3 crore to cyber criminals through various scams between 2024-2025. The scams involved fake trading apps (Rs 27.09 lakh and Rs 28.68 lakh losses), a fraudulent investment job scheme (Rs 21.19 lakh), and a prepaid task scam (Rs 45.37 lakh), all utilizing WhatsApp groups, Telegram, and fabricated platforms showing false profits to build trust before disappearing with funds. The Cyber Crime Unit has registered four FIRs and warned citizens to avoid unsolic
cnbc.com
· 2025-12-08
In 2024, consumers lost $5.7 billion to investment scams—the highest amount for any fraud type and a 24% increase from 2023—with the typical victim losing over $9,000, according to FTC data. Common schemes include "pig-butchering" scams where fraudsters build trust through relationships before pitching high-return investments in cryptocurrency, often using AI-generated deepfakes and operating from organized crime centers in Southeast Asia. Consumers can reduce their risk by being skeptical of pitches with urgency, unusual payment methods (especially cryptocurrency), and attempts to isolate them from telling others.
dl-online.com
· 2025-12-08
According to the 2024 BBB Scam Tracker Risk Report, investment and cryptocurrency scams remain the most prevalent fraud type, with romance and friendship scams climbing to third place. Both often employ "financial grooming" tactics where scammers build trust over weeks or months before encouraging victims to invest in fraudulent platforms, resulting in a median loss of $5,000-$6,099 per victim. People ages 65 and older reported the highest median losses ($160), and overall reported median losses increased 30% from 2023 to 2024, with emotional impacts including anger, loss of trust, and anxiety affecting nearly 30% of victims.
rcmp.ca
· 2025-12-08
Canadian fraud and cybercrime losses exceeded $638 million in 2024, a significant increase from $578 million in 2023, with investment scams accounting for $311 million of losses, according to the Canadian Anti-fraud Centre. Beyond financial damage, victims report severe emotional and psychological harm including feelings of betrayal, shame, anxiety, and depression, which can be compounded by victim-blaming from others. Experts emphasize that fraud's impact extends across all demographics and fraud types, and that supportive responses from those victims confide in are critical to their healing.
kwch.com
· 2025-12-08
A 72-year-old Wichita woman lost her entire life savings of $36,000 in a sophisticated cryptocurrency scam when a caller impersonating a Coinbase representative convinced her that her account had been compromised. The scammer used fear-based tactics to pressure her into transferring her funds to a fraudulent wallet controlled by the criminals, from which the money cannot be recovered. The article advises verifying any account security claims by independently calling official customer service numbers rather than responding to unsolicited calls or clicking provided links.
straitstimes.com
· 2025-12-08
Muhammad Nur Shukry Zaini, 23, was sentenced to four years and two months' jail in Singapore for defrauding multiple victims of over $400,000 through an investment scam promising 10% monthly returns on forex trading that he could not deliver, plus deceiving others into providing mobile phones worth approximately $40,000. One victim lost $190,000, and most victims have not received restitution; Nur was arrested in January 2022 and subsequently charged with multiple counts of cheating, drug consumption, and traffic violations.
dfpi.ca.gov
· 2025-12-08
Romance scams, also known as relationship or confidence scams, are among the top five online scams in the U.S., resulting in over $650 million in losses in 2023. Scammers use fake profiles and emotional manipulation through dating apps, social media, and email to build trust before requesting money, personal information, or investments, with common tactics including impersonation ("catfishing"), long-term trust-building schemes, and platonic friendship scams. To protect yourself, avoid sharing personal information with unknown contacts, research and verify all information before making financial decisions, take time before acting on requests, and report suspected scams to authorities.
nbcboston.com
· 2025-12-08
Daniele Gonsalves lost over $2,500 after meeting "David" on a dating app who posed as a wealthy cryptocurrency investor and convinced her to transfer money to a fraudulent trading platform. This scam tactic, known as "pig butchering," involves scammers building romantic trust with victims before encouraging them to invest in fake cryptocurrency schemes that ultimately disappear. Cybersecurity experts advise verifying the identity of anyone offering investment advice, never investing based on online-only relationships, and reporting suspected fraud to the FBI's Internet Crime Complaint Center.
discoverairdrie.com
· 2025-12-08
Investment fraud is rising among younger Canadians for the first time, with scammers using social media to target victims with promises of quick returns on little risk. Canadians reported $310 million in investment fraud losses in 2024, though authorities believe the actual figure is much higher due to underreporting, with common tactics including spear phishing and romance scams. Experts attribute the surge to increasing sophistication of fraud schemes and victims' reluctance to report due to embarrassment, urging those affected to contact provincial securities regulators, local police, or the Canadian Anti-Fraud Centre.
americanbar.org
· 2025-12-08
A retired teacher named Daniel was targeted by a scammer named Jim on an online investment forum who posed as a successful investor and offered mentorship on cryptocurrency investments, eventually convincing Daniel to invest substantial retirement savings in a fraudulent scheme promising guaranteed high returns before disappearing with all the funds. Research shows that older adults experiencing social isolation are more susceptible to such fraud due to alterations in cognitive decision-making and risk evaluation, and seniors lost over $240 million to imposter scams alone in 2022.
41nbc.com
· 2025-12-08
In 2024, scams extracted a record $12.5 billion from consumers—a 25% increase from 2023—despite the number of scam reports remaining relatively flat, according to the Better Business Bureau citing FTC data. The BBB highlighted two prevalent scams: cryptocurrency investment scams involving unknown coins and promises of guaranteed returns, and imposter scams where fraudsters pose as government agencies demanding immediate payment via gift cards or crypto while threatening arrest. Consumers should verify agency contact information independently, watch for ".gov" or ".mil" email addresses, and be wary of urgent demands, threats, and requests for unusual payment methods or wallet access.
ca.style.yahoo.com
· 2025-12-08
Canadians lost $638 million to scams in 2024, with impersonation and investment fraud being the costliest types, as fraudsters increasingly use sophisticated technology including AI to create convincing deepfakes and pose as legitimate organizations or celebrities. The Canadian Anti-Fraud Centre reports that while fewer cases were processed in 2024 compared to 2023, authorities estimate 90-95% of fraud cases go unreported, and recommend Canadians verify unexpected calls or messages and be aware of red flags such as requests for personal information or unsolicited payment demands. Key prevention strategies include trusting instincts, questioning suspicious communications, and educating seniors about evolving scam tactics.
sacda.org
· 2025-12-08
This is an informational resource from the Insurance Fraud Unit describing three main types of insurance fraud: workers' compensation fraud (fabricating injuries, exaggerating disabilities, employer misstatements), automobile insurance fraud (staged accidents, claim padding, theft rings), and organized automobile fraud. Auto insurance fraud alone costs consumers $15-20 billion annually, with an estimated one-third of all bodily injury claims containing some element of fraud; those suspecting fraud can report it to the unit via phone, fax, email, or online complaint form.
mastercard.com
· 2025-12-08
U.S. consumers lost over $12.5 billion to fraud in 2024, a 25% increase from 2023, with investor scams causing the most financial damage ($5.7 million) while imposter scams remain most frequently reported, according to the FTC. Cybercriminals increasingly exploit human emotions through social engineering tactics via email, phone, and text, using sophisticated tools like deepfakes and generative AI to create convincing false identities and communications. The article emphasizes that even trained employees can be deceived, citing a $25.6 million loss by a Hong Kong financial firm whose employee was tricked by a computer-generated deepfake video conference
justice.gov
· 2025-12-08
Catalina Corona, a personal assistant employed by an elderly married couple, was arraigned in Brooklyn federal court on charges of wire fraud, bank fraud, and aggravated identity theft after forging her employers' signatures to steal approximately $10 million between 2017 and 2024. Corona deposited hundreds of checks to herself from the victims' accounts without consent and posed as one of the victims when contacting their bank, ultimately spending the stolen funds on luxury goods and credit card payments. If convicted, Corona faces up to 30 years in prison, with a mandatory minimum of two years for the aggravated identity theft charge.
wcnc.com
· 2025-12-08
Financial grooming scams, where fraudsters build trust with victims over time before exploiting them financially, are on the rise according to the Better Business Bureau's 2024 report. These scams affect people of all ages and include cryptocurrency schemes, romance scams, and employment fraud, with investment and cryptocurrency scams being particularly risky—over 80% of targeted individuals reported financial losses. The BBB recommends protecting yourself by being cautious of unsolicited contact from strangers, avoiding sharing personal information on social media, using credit cards for online purchases, and ignoring suspicious links and messages.
finance.yahoo.com
· 2025-12-08
A Portland senior nearly fell victim to a $170,000 gold bar scam in which fraudsters impersonated law enforcement and claimed his Social Security number was compromised, pressuring him to purchase gold bars to "protect" his assets; he avoided the full loss but still lost $4,000 in price differences. A similar scam in Clark County resulted in a victim losing $500,000. The scam typically involves criminals posing as authorities claiming identity theft, then directing victims to quickly purchase precious metals as a supposed protective measure.
wdsu.com
· 2025-12-08
The Federal Trade Commission reported 2.6 million fraud cases in 2024, resulting in a record $12.5 billion in losses—a 25% increase from 2023, with more than one-third of reporters losing money (median loss of $497). Investment fraud led in per-victim losses at $9,196 median, followed by job scams ($2,250) and debt relief fraud ($1,500), while older adults reported losing significantly more money than younger age groups despite filing fewer reports. The FTC recommends protecting against fraud by remaining cautious of unsolicited contact, avoiding untraceable payment methods like wire transfers and gift cards, and reporting suspected scams to
azfamily.com
· 2025-12-08
A man in his 90s fell victim to a romance scam that began on WhatsApp, with scammers posing as a romantic interest and subsequently soliciting money for purported investment opportunities. According to the Federal Trade Commission, fraud losses totaled $12.5 billion in 2024, with "pig butchering" investment scams accounting for $5.7 billion of that total. The article provides guidance on how family members can help victims by approaching with empathy rather than criticism, validating their feelings, and using trusted sources to demonstrate the scam patterns.
cyberdaily.au
· 2025-12-08
Australia's reported scam losses dropped 25.9% to $2 billion in 2024, with investment scams accounting for $945 million of losses, followed by romance, payment redirection, remote access, and phishing scams. However, experts warn the reported figures likely underrepresent the true impact, as many victims fail to report scams due to shame and embarrassment, with romance baiting scams being particularly devastating when combined with fake cryptocurrency platforms.
yahoo.com
· 2025-12-08
Star Strategies is hosting a Financial Elder Fraud Workshop on March 28 in Wooster, Ohio, featuring FBI Cleveland Division special agents who will discuss current fraud schemes targeting older adults. The workshop will educate participants on how financial scams have evolved and provide practical strategies for protection, in response to older adults losing $538 million to investment scams in 2024.
nativenewsonline.net
· 2025-12-08
**Not Eligible for Elderus Database**
This is an opinion piece about political messaging and policy proposals, not a report of actual elder fraud, scams, or abuse. While it discusses Social Security and mentions vulnerable elders, it does not document a specific scam incident, fraud scheme, or elder abuse case. It would not fit the Elderus database criteria, which focuses on documented fraud events and scams affecting seniors.
securityweek.com
· 2025-12-08
In 2024, consumers filed 2.6 million fraud reports totaling over $12.5 billion in losses—a $2 billion increase from 2023—with investment scams ($5.7 billion) and imposter scams like romance and government fraud ($2.95 billion) being the largest loss categories, according to FTC data. The majority of scammers contacted victims via email, followed by phone calls and text messages, while bank transfers and cryptocurrency were the most common payment methods used in fraudulent transactions. The FTC is actively pursuing enforcement actions and refunding victims, including sending over 736,000 PayPal payments to consumers scammed by computer repair service companies.
luxtimes.lu
· 2025-12-08
This is an educational piece providing advice on protecting oneself from online scams. The expert outlines common scam types—including phishing emails, fake websites, investment schemes, romance scams, tech support scams, lottery scams, and job scams—and recommends protective practices such as being cautious with personal information, verifying requests directly with service providers, using strong passwords, and remaining skeptical of unexpected messages. The key message is that staying informed and vigilant about evolving fraud tactics significantly reduces the risk of falling victim to online fraud.
aarp.org
· 2025-12-08
In 2024, older adults lost a record $12.5 billion to scams and fraud—a 25 percent increase from 2023—with adults in their 70s reporting median losses of $1,000 compared to $417 for those in their 20s. The most common scams were imposter schemes (particularly government impostors, which surged from $171 million to $789 million), followed by online shopping, job opportunity, and investment scams, with investment fraud being the most lucrative for criminals at $5.7 billion in reported losses. The FTC notes that fraud's impact on older adults is often catastrophic, affecting retirement security and forcing
freep.com
· 2025-12-08
Americans lost a record $12.5 billion to scams in 2024, a 25% increase from 2023, with investment scams accounting for nearly half at $5.7 billion and bank transfers and cryptocurrency being the most commonly exploited payment methods. The Federal Trade Commission data shows 38% of consumers reported losing money to fraud in 2024, up from 27% in 2023, with the number of fraud reports remaining stable at 2.6 million. Michigan consumers alone reported $204 million in losses, with seniors ages 60+ losing $45.9 million, though younger consumers are also increasingly victimized.
pymnts.com
· 2025-12-08
In 2024, the FTC received 2.6 million fraud reports (stable compared to 2023), but the percentage of victims who lost money increased significantly from 27% to 38%, representing a 25% overall increase in reported losses. Investment scams led all categories with $5.7 billion in losses (up 24%), followed by imposter scams at $2.95 billion, with government imposter scams alone reaching $789 million; consumers increasingly paid scammers via bank transfers and cryptocurrency.
nativenewsonline.net
· 2025-12-08
This is an opinion piece about political messaging rather than an elder fraud article. It critiques claims made by Trump and Elon Musk about Social Security fraud involving deceased beneficiaries, clarifying that while 18.9 million outdated records exist in the Social Security database, only about 101,000 Americans are actually aged 100 or older, and the Social Security Administration automatically ends payments for those 115 and older. The author argues these exaggerated claims are being used to justify cuts to Social Security and other programs that would disproportionately harm vulnerable populations including Native American elders.
the-daily-record.com
· 2025-12-08
Older adults in the U.S. lost $538 million to investment scams in 2024. Star Strategies is hosting a Financial Elder Fraud Workshop on March 28 in Wooster featuring FBI Cleveland Division special agents who will discuss current fraud schemes, their evolution, financial impacts, and protective strategies for seniors.
ottumwaradio.com
· 2025-12-08
In 2024, scams cost Iowa consumers over $50 million across nearly 14,000 reported fraud cases, with a median loss of $400 per victim. Seniors aged 80 and older, though representing a small number of victims, suffered the largest average losses at approximately $2,000 each, with investment schemes ($20 million) and romance scams ($8 million) accounting for the costliest fraud categories. The most frequently reported scams involved business/government impersonation, online shopping fraud, and prize/sweepstakes schemes.