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publicnewsservice.org
· 2025-12-08
AARP Connecticut is launching a new educational series to address the growing complexity of scams targeting older adults, with 400 different scam types reported in 2022. Seniors are frequently targeted because they tend to have more financial resources, and losses can range from hundreds to hundreds of thousands of dollars, with emotional and psychological impacts extending beyond financial harm. The free online series will cover topics including artificial intelligence and voice cloning scams, with a Connecticut man recently indicted for defrauding Wisconsin seniors of $200,000 through grandparent impersonation scams.
marketrealist.com
· 2025-12-08
An 80-year-old Taiwanese immigrant lost approximately $720,000 in a cryptocurrency investment scam after being approached on WeChat by a scammer who built her trust and convinced her to invest her life savings and retirement funds into a fraudulent trading app. She subsequently sued Chase Bank, claiming the bank failed to alert her or her daughter (joint account owner) to the suspicious transactions that deviated from her normal spending patterns, though the bank disputed this account and stated it had provided warnings about fraud risks. The case highlights the vulnerability of seniors to investment scams, with Americans losing over $3 billion to such schemes in 2022 alone.
kbtx.com
· 2025-12-08
The Brazos County Sheriff's Office and College Station Police Department warned residents about a rising trend in phone and internet scams, including impersonation calls falsely claiming to be from law enforcement and demanding payment via digital payment apps. Deputy Christopher Searles emphasized that legitimate law enforcement agencies will never call demanding money or request personal information like Social Security numbers or bank details over the phone, and advised residents to hang up on suspicious calls, verify sender identities by hovering over email addresses, and contact agencies directly if uncertain. Victims of scams are encouraged to report incidents to local law enforcement.
valdostatoday.com
· 2025-12-08
Georgia residents lost $234.3 million to fraud in 2023 across 65,825 reported incidents to the FTC, ranking the state 15th most defrauded nationally. The three most common scam types were Credit Bureaus/Information Furnishers (25% of reports), Identity Theft (23%), and Imposter Scams (9%), with victims advised to monitor credit reports, avoid sharing personal information unsolicited, and never send money to unknown parties.
cavazossentinel.com
· 2025-12-08
Military personnel, veterans, and their families can protect themselves from scams by using strong passwords, password managers, two-factor authentication, and separating work and personal accounts. The most rapidly growing scams targeting this population are confidence and romance scams, along with online impersonation accounts (often impersonating high-ranking officials), credit repair schemes, cryptocurrency fraud, social media account takeovers, and extortion attempts involving compromised photos. Awareness of common tactics—such as requests for gift cards or money from supposed military officials via text, fake investment opportunities posted from hacked accounts, and suspicious website URLs—can help individuals avoid becoming victims.
tahlequahdailypress.com
· 2025-12-08
Financial institutions across Oklahoma and nationally are reporting a surge in customers being defrauded into withdrawing large cash amounts and depositing them into cryptocurrency ATMs following instructions from scammers. The article emphasizes that legitimate entities—banks, tech companies, law enforcement, regulators, attorneys, romantic interests, or investment advisors—will never request this type of transaction, making any such request a clear indicator of fraud.
skepchick.org
· 2025-12-08
Charlotte Cowles, a financial advice columnist for The Cut, lost $50,000 to a government impersonation scam in which she received a phone call spoofed to appear from Amazon, was transferred through fake FTC and CIA contacts, and was instructed to withdraw cash, place it in a shoebox, and hand it to an "undercover agent." The scam succeeded despite being transparently fraudulent—involving obvious red flags like being told not to inform her husband and to conduct the handoff immediately—partly due to Cowles' lack of financial literacy despite her advice columnist role and her apparent overconfidence that she was not a typical scam victim.
beincrypto.com
· 2025-12-08
A 57-year-old finance manager in Hong Kong lost over HK$17 million (~$2.1 million) to a sophisticated cryptocurrency investment scam after being contacted on Instagram by a scammer posing as a former business partner. Over several months, she made 45 transfers to 29 bank accounts based on false promises of profits from gold and crypto investments before discovering the fraudulent trading platform was inaccessible. The scam was part of a broader trend in crypto fraud, and police noted that nine of the accounts involved had been previously flagged for similar schemes.
soaps.sheknows.com
· 2025-12-08
A Chicago woman lost over $80,000 to a romance scam in which a con artist impersonated actor Taylor Kinney from the TV show Chicago Fire. The scammer, whom the woman met on a fan website, gradually escalated requests for money over a year-long period, using manipulative emotional language and guilt to drain her savings, 401(k), and car equity. The case highlights a broader problem: the FTC reported 64,003 romance scam victims in 2023, with scammers commonly posing as celebrities or other figures to exploit victims' emotions and trust.
cbsnews.com
· 2025-12-08
A South Hills woman lost $10,000 in a sophisticated Bitcoin scam after receiving a fake "hacking alert" pop-up that directed her to call a number where scammers impersonating Microsoft and bank representatives claimed her account was compromised and threatened her with child pornography charges. Pittsburgh police reported at least three victims in total, including two women in their 70s who lost $22,000 and $7,000 respectively through the same scheme, which exploited urgency and fear to pressure victims into withdrawing cash and purchasing Bitcoin. Police warned that scammers use legitimate-sounding company names and call transfers to appear credible, and advised that once cryptocurrency money is transferred, recovery
wtae.com
· 2025-12-08
Pittsburgh police warned the public about bitcoin scams targeting older adults, with at least two victims losing thousands of dollars after being tricked by fake Apple support and bank fraud specialists into purchasing cryptocurrency at convenience stores—a 70-year-old woman lost $22,000 and a 72-year-old lost $7,000. Similar scams in surrounding areas resulted in larger losses, though North Huntingdon police successfully recovered approximately $41,000 of a $50,000 bitcoin ATM theft through rapid police intervention. Scammers exploit these platforms because cryptocurrency transactions are difficult to trace and reverse, making quick reporting to local police essential for any chance of recovery.
stories.td.com
· 2025-12-08
Romance scams cost Canadian victims over $50 million in 2023, with fraudsters building trust over weeks to years before requesting money for emergencies, business ventures, or cryptocurrency investments. While seniors are frequently targeted, anyone—particularly those who are lonely or vulnerable—can fall victim to these scams that occur across dating apps and social media platforms. Key prevention strategies include being cautious of quick professions of love, avoiding in-person meetings, refusing personal information requests, and understanding that sent money is often irretrievable.
straitstimes.com
· 2025-12-08
Between October 2023 and January 2024, 3,066 victims in Singapore lost over $45.7 million to job scams, according to police reports. Scammers used dating apps, messaging platforms, and social media to recruit victims, offering commissions for tasks like boosting social media engagement, completing surveys, or affiliate marketing, then pressuring them to transfer money to bank accounts or cryptocurrency wallets via fake websites or investment schemes. Police warned the public to verify job offers through official channels, avoid unknown links and apps, and use privacy settings on messaging platforms to prevent unsolicited recruitment into chat groups.
freep.com
· 2025-12-08
In 2023, consumers reported losing a record $10 billion to fraud and scams—a 14% increase from 2022—according to FTC data, with 2.6 million fraud reports filed nationwide and approximately 700,000 people reporting financial losses. Common scams included romance fraud, fake bank and tech support calls, and impersonation schemes, with criminals exploiting digital payment methods including bank transfers ($1.86 billion) and cryptocurrency ($1.41 billion). Michigan consumers alone lost $151.7 million to fraud in 2023, with a median loss of $410 per victim.
foreignpolicy.com
· 2025-12-08
This is a table of contents/editorial overview rather than a detailed article about a specific scam. It introduces a Foreign Policy collection examining major global con artists and scams, including cases involving Ghana-based fraud, the BCCI bank corruption scandal, a fake Bhutanese refugee scheme in Nepal, cryptocurrency fraud involving Sam Bankman-Fried, and Delaware's role as an offshore financial haven. The collection explores why victims across all demographics—from wealthy individuals to government officials to journalists—fall for sophisticated scams and how perpetrators evade consequences.
theautopian.com
· 2025-12-08
Financial advice columnist Charlotte Cowles lost $50,000 to a sophisticated phone scam in which callers impersonated Amazon, the Federal Trade Commission, and the CIA, using personal information to convince her to withdraw cash and hand it to an undercover "CIA agent." The scammers obtained her Social Security number and family details, and instructed her not to tell anyone, ultimately leading her to place $50,000 in a shoebox and hand it through a car window. Cowles publicly shared her experience to raise awareness about how scams can target anyone, regardless of financial literacy or expertise, and to help prevent others from falling victim to similar schemes.
gulfcoastmedia.com
· 2025-12-08
The North Baldwin Chamber of Commerce and Better Business Bureau are hosting a free "Protect Yourself Against Scammers Summit" on March 7 for senior citizens in Bay Minette, Alabama. The educational event will cover major fraud schemes including government impostor scams, romance scams, identity theft, investment fraud, cryptocurrency scams, and Medicare fraud to help seniors recognize and avoid becoming victims.
mydailyrecord.com
· 2025-12-08
Cryptocurrency scams operate on dating apps like Tinder by building romantic relationships with victims, then convincing them to invest in fake trading platforms or cryptocurrency schemes. Scammers move conversations to texting apps, fabricate stories about lucrative investment opportunities (often involving family members with crypto expertise), and direct victims to deposit money into fraudulent platforms with hidden fees and minimum balance requirements that trap funds. Reported losses include $45,000, $14,000, and $4,000, with victims unable to recover funds after accounts are blocked or frozen, sometimes with additional tax threats used to extract more money.
ncdoj.gov
· 2025-12-08
Imposter scams, where criminals pose as government agencies, law enforcement, or companies to threaten victims with arrest or legal consequences, cost Americans $2.7 billion last year. The article provides protective measures against these scams, emphasizing that legitimate government officials never contact people via phone or text demanding money or personal information, and warns that requests for payment through gift cards, wire transfers, or cryptocurrency are clear red flags indicating fraud.
kiplinger.com
· 2025-12-08
In 2023, scam victims lost over $10 billion—a 14% increase from 2022 and a new record—with the FTC receiving 2.6 million fraud reports where one in four people lost money (median loss of $500). Investment scams caused the largest losses at $4.6 billion (21% increase), followed by imposter scams at $2.7 billion, with the FTC advising consumers never to share private information with unsolicited callers and to be skeptical of unrealistic financial promises.
yakimaherald.com
· 2025-12-08
Romance scams have increasingly targeted younger age groups (people in their 20s and 30s) across dating apps and social media platforms, with reported losses reaching $469.9 million in 2023—a 104% increase from 2019. Scammers use fake profiles and AI-generated photos to build romantic connections before requesting money or personal information, exploiting victims' emotional vulnerability. To avoid romance scams, people should be wary of requests for money or banking details, watch for requests to switch communication platforms, and verify suspicious requests before responding.
cnbc.com
· 2025-12-08
In 2023, consumers lost a record $10 billion to fraud, with imposter scams being the most prevalent, affecting nearly 854,000 people and resulting in $2.7 billion in losses at an average of $800 per victim. Imposter scams involve criminals posing as trusted entities (government agencies, companies, relatives, or romantic interests) via email, phone, text, or social media to steal money or personal information, with emerging technologies like AI and voice cloning making these frauds increasingly convincing. Older adults, particularly those 80 and over, experience significantly higher median losses ($1,450) and are particularly vulnerable to "phantom hacker" tech-
deseret.com
· 2025-12-08
Scammers are targeting frustrated travelers on social media by posing as airline representatives, requesting personal and financial information through direct messages under the guise of helping rebook flights. Major airlines including JetBlue, United, and Southwest have acknowledged the problem and recommend customers verify account authenticity (looking for official checkmarks), use private messaging when contacting airlines, and report fraudulent accounts to social media platforms. Common travel scams also include "free" vacation offers requiring upfront fees and illegal robocalls promoting discounted travel deals.
lafocusnews.com
· 2025-12-08
In 2023, the FTC reported nationwide fraud losses reached an all-time high of $10 billion—14% more than 2022—driven primarily by larger per-victim losses rather than increased report volume, with a median loss of $500 per consumer. The top scam categories were imposter schemes (particularly business and government imposters), online shopping fraud, prizes/lotteries, investment fraud, and job opportunities, with investment scams generating the highest total losses at $4.6 billion despite being ranked fourth in frequency. The FTC warned that scammers are increasingly using artificial intelligence for voice cloning and deepfakes to impersonate trusted contacts, and advised consumers to be
finance.yahoo.com
· 2025-12-08
A 71-year-old woman in Westlake lost $5,500 to a sophisticated scam in which a fraudster posing as a bank investigator convinced her to deposit money into a Bitcoin ATM, despite warnings from police and store employees who recognized the scheme. The scam began with a fake virus pop-up on her computer, escalated with false claims about illegal material, and manipulated her into transferring funds under the guise of protecting her savings. To protect yourself: be skeptical of unsolicited pop-ups and calls claiming security issues, never transfer money via cryptocurrency ATMs based on phone instructions, and trust warnings from officials and bystanders rather than callers claiming to be from your bank.
finance.yahoo.com
· 2025-12-08
Identity theft in the U.S. has dramatically worsened, with victimization rates nearly doubling from 43% to 78% in a single year, while concerns about AI-powered fraud schemes have surged to 90%, according to Debt.com's latest survey. Children have become prime targets, with 61% of respondents reporting that a child or family member had their identity compromised, up sharply from 23% the previous year, leaving families worried about long-term financial damage including credit score drops and fraudulent debt. To protect yourself and your family, experts recommend monitoring credit reports regularly, considering credit freezes for children, staying cautious with online relationships and investment opportunities, and reporting suspected identity theft immediately to authorities and creditors.
ibtimes.co.uk
· 2025-12-08
A widow in her 70s from San Jose lost nearly £1 million to a romance scam after meeting someone posing as a businessman on Facebook who convinced her to invest in a fake cryptocurrency platform; she withdrew her entire retirement savings and took out a second mortgage on her home before ChatGPT confirmed it was a scam, though by then the money had already been transferred to a Malaysian bank account. The scammer used months of emotional manipulation and false investment returns to build trust, then froze her account and demanded an additional £1 million to release her funds. To protect yourself: be extremely cautious about investment opportunities from online romantic interests, never liquidate retirement assets or borrow against your home based on unsolicited investment advice, verify investment platforms independently through official channels, and consult trusted financial advisors or AI tools like ChatGPT before making major financial decisions.
theregister.com
· 2025-12-08
Apache released an urgent warning about two critical security flaws in its Tika metadata tool, with the newer CVE-2025-66516 rated 10.0 (the highest severity) allowing attackers to exploit PDF files through XML injection attacks. Users of Tika are at risk if they haven't updated both the tika-parser-pdf-module and tika-core to version 3.2.2 or later, as Apache's initial fix was incomplete and didn't address all vulnerable code components. The actionable advice is to immediately update Tika to the latest patched versions, particularly if your organization processes or ingests PDF files and other document formats.
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.
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.
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.
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.
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.
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
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.
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.
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.
happycoin.club
· 2025-12-07
Cryptocurrency ATM fraud cases have surged in Massachusetts, with scammers impersonating business owners and employees to trick victims into depositing funds that cannot be recovered. Reported losses in the state include $11,000, $48,000, and $4,900, with authorities noting the irreversible and untraceable nature of these crimes; nationally, the FBI received over 11,000 complaints in 2024 with victims losing $247 million total, representing a 99% increase from the previous year.
cnhi.com
· 2025-12-07
Older adults aged 60-plus lost $3.4 billion globally to financial scammers in 2023, with fraudsters targeting this population because they believe older adults have substantial savings and are less likely to report crimes. The article describes five common scams targeting seniors: grandparent scams (emotional manipulation using impersonation), financial services scams (impersonating banks or debt collectors), tech support scams (the most frequently reported type), government impersonation scams (IRS/Social Security threats), and romance scams, all of which exploit trust, fear, or emotion to extract money or personal information.
states.aarp.org
· 2025-12-07
On October 16, 2025, AARP Wisconsin and the Wisconsin Elder Justice Coalition hosted a Scam Jam educational event at UW-Green Bay to inform attendees about current fraud schemes and connect them with anti-fraud professionals. The event featured a resource fair with multiple Wisconsin organizations dedicated to combating elder fraud, including AARP's Fraud Watch Network, the Better Business Bureau, state consumer protection agencies, and victim support services, all providing free educational materials, complaint filing assistance, and community presentations.
aol.com
· 2025-12-07
Internet scams have evolved from crude 1990s email cons like Nigerian prince schemes to sophisticated AI-powered deepfakes that can convincingly impersonate voices and faces, with phishing attacks emerging in the early 2000s as online banking adoption grew. Despite technological advances making fraud more convincing and difficult to detect, successful scams continue to rely on exploiting fundamental human emotions—greed, fear, compassion, and loneliness—through predictable psychological manipulation patterns that create urgency and isolate victims from support systems. Understanding how scam tactics have evolved reveals that technological complexity often masks simple psychological manipulation, and recognizing consistent underlying patterns can help potential victims identify manipulation attempts regardless of delivery method.
gazettenet.com
· 2025-12-07
Multiple South Hadley residents lost thousands of dollars to cryptocurrency ATM scams, including one business employee who was tricked into depositing $11,000 and another resident who lost $48,000, with authorities unable to recover the funds due to the irreversible and untraceable nature of cryptocurrency transactions. The scams have surged nationally, with the FBI receiving approximately 11,000 complaints in 2024 involving crypto kiosks, resulting in $247 million in combined losses—a 99% increase in complaints from 2023. South Hadley Police Chief Jennifer Gundersen is proposing a town ordinance banning cryptocurrency ATMs, similar to measures in W
bnnbloomberg.ca
· 2025-12-07
Canada's Ontario Securities Commission has identified seven prevalent investment scams targeting victims in autumn, including romance scams (fraudsters gaining trust online before pitching fake investments), cryptocurrency scams (requesting additional funds before allowing withdrawals), affinity fraud (targeting social groups with Ponzi schemes), pump-and-dump schemes (artificially inflating stock prices before selling), boiler room operations (fake trading platforms), AI voice scams (deepfakes impersonating relatives or celebrities), and exempt securities fraud (misrepresenting fraudulent investments as legitimate exclusive opportunities). The advisory emphasizes that common red flags include unsolicited contact about investment tips, requests for money from online contacts never met in person, an
wbay.com
· 2025-12-07
The FBI reports that cryptocurrency ATM scams resulted in nearly $250 million in losses in 2024, more than double the previous year, with scammers primarily using romance, impostor, and financial scams to trick victims into depositing money. An 85-year-old woman in Wisconsin was approached by police while being manipulated into depositing tens of thousands of dollars into a Bitcoin ATM after being told her bank account was hacked. Iowa's investigation found that 97% of crypto ATM transactions were scams, with victims losing over $20 million in less than three years, while companies operating these machines profit by taking up to 23% per transaction.
wired.com
· 2025-12-07
North Korean operatives have been posing as freelance architects and structural engineers to infiltrate Western companies and gain access to sensitive U.S. infrastructure projects and architectural designs. The scammers, operating through fake identities on platforms like GitHub and freelance websites, created forged credentials, architectural stamps, and CAD files for U.S. properties while claiming to offer legitimate architectural services. The UN estimates that thousands of North Korean IT workers generate $250-600 million annually for the regime to support nuclear weapons programs and sanctions evasion.
abc7news.com
· 2025-12-07
Scammers operating from overseas, many in Southeast Asian compounds, are exploiting Bitcoin ATM machines to steal from victims through classic fraud schemes—including impersonation scams, computer hacking claims, and fake legal emergencies—directing them to convert cash into cryptocurrency. Victims like San Jose resident Jim Meduri and an 82-year-old Minnesota woman lost thousands of dollars this way, though some funds have been recovered through blockchain tracking and law enforcement intervention. The DC attorney general has sued Bitcoin ATM provider Athena Bitcoin over inadequate fraud protections, as cryptocurrency theft through these machines has become a major scam tool with victims often unaware their money goes directly to criminals.
local.aarp.org
· 2025-12-07
**Scam Jam Educational Event - October 16, 2025**
AARP Wisconsin and the Wisconsin Elder Justice Coalition hosted a Scam Jam awareness event at UW-Green Bay to educate attendees about current scams and connect them with fraud-fighting professionals. The event featured a resource fair with multiple Wisconsin organizations including AARP's Fraud Watch Network, the Better Business Bureau, state consumer protection agencies, and local support services, all offering free fraud prevention information, complaint filing assistance, and community presentations.
newsbreak.com
· 2025-12-07
**Bitcoin ATM Scams Target Elderly Americans**
Elderly victims are losing substantial sums to scams involving Bitcoin ATMs, with Americans losing nearly $250 million to such schemes in 2024—double the previous year. Scammers impersonate bank officials and direct victims to deposit cash into Bitcoin ATMs, where funds are transferred to untraceable digital wallets; 85-year-old Fran Bates lost over $40,000 in this manner before a bystander intervened. Federal authorities and state attorneys general are taking action through lawsuits against major operators and new regulations including deposit limits and stricter verification requirements, though most victims never
abcnews.go.com
· 2025-12-07
In 2024, Americans lost nearly $250 million to scams involving Bitcoin ATMs, more than double the previous year, with victims including 85-year-old Fran Bates who lost over $40,000 after being manipulated by scammers impersonating her bank. Bitcoin ATMs have become scammers' preferred method because transactions are irreversible and funds can be transferred worldwide within minutes, making recovery nearly impossible. The FBI and AARP have warned of the growing threat, and authorities have begun taking action, including a lawsuit against major Bitcoin ATM operator Athena Bitcoin, though the company denies responsibility and argues it maintains fraud safeguards.
6abc.com
· 2025-12-07
A Bucks County woman lost $7,000 to a Bitcoin ATM scam after receiving a call from someone impersonating a law enforcement officer who claimed she had unpaid warrants and needed to pay a bond immediately. The scammer directed her to deposit cash into a Bitcoin ATM using a QR code linked to a crypto wallet, with no way to trace or recover the funds. According to AARP's fraud director, Bitcoin ATM scams are a growing threat nationwide, with an estimated 45,000 machines operating in retail locations that experts say "overwhelmingly serve criminals and scammers."