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Search across 19,276 articles about elder fraud. Filter by fraud type, payment mechanism, or keywords.
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in Crypto Investment Scam
dailyinterlake.com
· 2025-12-07
A free two-hour educational seminar titled "Scam Smart: Protecting Seniors from the Newest Scams" is scheduled for October 21 in Kalispell, Montana, hosted by state officials and community organizations to help older adults recognize and prevent fraud. The program will cover emerging scams including AI-generated calls, text phishing, cryptocurrency schemes, and investment fraud, providing practical strategies to protect personal information and finances. Seniors, caregivers, and community members are invited to attend free of charge, with advance registration required due to limited space.
mashable.com
· 2025-12-07
Scammers are targeting New Yorkers with text messages impersonating the Department of Taxation and Finance, falsely claiming recipients are eligible for "inflation refunds" and requesting personal and financial information. While New York State is legitimately issuing one-time inflation refund checks ($150-$400) to eligible taxpayers, the state explicitly does not contact people via text and will not request additional information; victims should report these scam texts to the Tax Department rather than responding to them.
ecuavisa.com
· 2025-12-07
This article is not relevant to the Elderus database. It is a biographical profile of Mexican singer Myriam Montemayor, covering her career achievements, musical collaborations, and theatrical performances since winning the first season of La Academia in 2002. This content does not involve elder fraud, scams, or elder abuse.
cnn.com
· 2025-12-07
Crypto ATM machines at convenience stores across the U.S. have become primary tools for scammers targeting Americans, particularly seniors, who are tricked into depositing cash to resolve fabricated legal or financial emergencies. In one Arizona location alone, at least a dozen victims lost $118,000 in a year, including four people defrauded of a combined $54,000 in just four days. The crypto ATM companies profit significantly from these frauds through 20-30% markups on cryptocurrency transactions while largely failing to implement fraud-prevention measures, refusing victim refunds, and lobbying against protective legislation—with the FBI reporting Americans lost approximately $240 million to such scams in
amac.us
· 2025-12-07
Inheritance scams deceive victims into believing a deceased relative left them money, then request payment for taxes or fees that never result in any funds being returned. A 41-year-old Nigerian man, Ehis Lawrence Akhimie, pleaded guilty to defrauding over 400 elderly and vulnerable Americans of more than $6 million through personalized letters falsely claiming to be a Spanish bank representative; he and eight co-defendants received prison sentences. To protect against these scams, seniors should recognize red flags like unsolicited claims, requests for personal information or unusual payment methods, and pressure tactics, and should report suspected fraud immediately to the FTC or law enforcement.
wglt.org
· 2025-12-07
The Better Business Bureau of Central Illinois reports a 70% increase in scam reports year-to-date (roughly 100,000 compared to 58,000 last year), with seniors age 65 and older being the hardest hit, experiencing median losses of over $6,000 from romance/friendship scams and sometimes losing hundreds of thousands of dollars. To address this rise, BBB leader Jessica Tharp is launching the Senior Scam Stop 2025 education series to combat the stigma around victimization and empower seniors with knowledge about common scams (including romance plots, grandparent scams, and Medicare fraud) and protective strategies.
express.co.uk
· 2025-12-07
A US-UK joint operation seized 19 London properties worth over £100 million that were purchased by Southeast Asian crime networks using proceeds from industrial-scale scam centres based in Cambodia and Myanmar. The criminals, led by Chen Zhi, operated romance scams and fraudulent cryptocurrency schemes that victimized vulnerable people into handing over large sums, while also exploiting trafficked workers forced to conduct online fraud under threat of torture. The sanctions freeze the network's assets and businesses, blocking their access to the UK financial system.
independent.co.uk
· 2025-12-07
UK and US authorities seized a record $15 billion in bitcoin and 19 luxury London properties in a joint crackdown on a criminal network operating romance scam centres across south-east Asia. The network, led by Cambodian businessman Chen Zhi and his Prince Holding Group, lured victims into fake romantic relationships and fraudulent cryptocurrency investment schemes, often employing trafficked foreign nationals forced to commit fraud under threat of torture. Romance scams cost the UK at least £92 million in 2023-2024, with over 8,000 reported cases that year.
bbc.com
· 2025-12-07
Cambodian businessman Chen Zhi was charged in the US for allegedly orchestrating a massive cryptocurrency scam through his Prince Group, which operated at least ten fraudulent compounds in Cambodia that used forced labor to conduct online romance and investment fraud schemes targeting thousands of victims worldwide. The US and UK seized approximately $14 billion in bitcoin and froze assets including 19 London properties valued at over £100 million, with prosecutors describing the operation as one of the largest financial takedowns in history involving human trafficking, forced labor camps, and the use of phone farms controlling thousands of fake social media accounts to deceive victims into transferring cryptocurrency.