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
dallasnews.com
· 2025-12-08
Kelly Mitchell, 58, had her Facebook account hacked and used to promote a fraudulent cryptocurrency investment scheme through fake images and religious messaging—a tactic combining impersonation and "pig butchering" scams where criminals pose as trusted contacts to solicit ongoing investments. According to FTC data, cryptocurrency scams cost Americans $1.41 billion across 47,537 reports in 2023, with experts recommending basic security measures like two-factor authentication and strong passwords as essential protection against these increasingly common social media fraud attacks.
moodyonthemarket.com
· 2025-12-08
Michigan Attorney General Dana Nessel will speak at a town hall in St. Joseph on August 4, 2024, to educate seniors about avoiding scams, following FBI data showing that elder fraud caused over $3.4 billion in losses in 2023, with an average victim loss of $33,915. The event, hosted by Region IV Area Agency on Aging, will address the most common scams targeting people aged 60 and older, including tech support scams (nearly 18,000 reported cases), romance scams, investment scams, and non-delivery scams. The free community event will provide consumer protection tips and scam prevention strategies.
unionleader.com
· 2025-12-08
More than 400 New Hampshire residents age 60 and older lost over $11 million to scams in 2023, with tech support fraud being the most common type and romance scams causing the highest financial losses. Seniors are disproportionately targeted because they are often polite, trusting, financially stable, and own homes, while scammers increasingly use online tactics like phishing and email scams targeting Baby Boomers with computer skills. Experts attribute the rise in elder fraud to increased online activity that exposes personal information, scammers' use of impersonation and research tactics, and significant underreporting due to victims' shame and embarrassment.
unionleader.com
· 2025-12-08
More than 100,000 Americans fell victim to scams in the past year, with two-thirds being seniors; in New Hampshire alone, over 400 residents aged 60 and older lost more than $11 million to fraud in 2023. Seniors are targeted because they are often polite, trusting, financially stable, and own their homes, making them attractive victims for scammers who pose as bankers, government agents, IT experts, and romantic partners. Tech support scams are the most common form of elder fraud, while romance and confidence scams result in the largest financial losses, though experts note these crimes are vastly underreported due to victims' shame and embarrassment.
cbsnews.com
· 2025-12-08
A 52-year-old Maryland man was charged with operating a "Gold Bar Scam" that defrauded a 74-year-old Bethesda victim of over $1 million between May and June. The scam involved sending official-looking FTC lawsuit letters, then posing as an attorney who convinced the victim to convert his assets into gold eight separate times. Investigators believe this is part of a larger scheme affecting multiple elderly victims across Maryland, Delaware, Pennsylvania, New Jersey, and Virginia.
timesnownews.com
· 2025-12-08
A mechanical engineer from Visakhapatnam lost Rs 28 lakh to an organized romance scam gang operating from Telangana, who created fake dating profiles, built emotional trust, and manipulated the victim into transferring money while threatening to release compromising photos. The article advises protection strategies including identity verification through reverse image searches, caution against rapid relationship escalation, safeguarding personal information, recognizing red flags like money requests and avoided video calls, and reporting suspicious profiles to platforms and authorities.
foreignaffairs.co.nz
· 2025-12-08
I cannot provide a summary of this text as it is not an article or transcript about scams, fraud, or elder abuse. This appears to be only website header/footer information with navigation links and copyright details from a news website. There is no substantive content to summarize for the Elderus database.
If you have an actual article or transcript about elder fraud or abuse, please provide that text and I'll be happy to summarize it.
unionleader.com
· 2025-12-08
More than 100,000 Americans fell victim to scams in the past year, with two-thirds being seniors; in New Hampshire alone, over 400 residents aged 60+ lost more than $11 million to scams in 2023. Seniors are targeted because they are often polite, trusting, financially stable, and own homes, making them attractive to scammers who use impersonation tactics (posing as bankers, government agents, IT experts, romantic partners, and relatives) and increasingly sophisticated online methods like phishing and email scams. Tech support scams were the most common type nationally, while romance and confidence scams caused the highest losses in New Hampshire
aljazeera.com
· 2025-12-08
In October 2021, La Awng was trafficked from Myanmar into a cyber-scamming operation in Laukkai run by Chinese criminal networks, where he was forced to conduct "pig butchering" romance scams targeting foreign victims into fake cryptocurrency investments. The Southeast Asian scam industry has expanded dramatically since the COVID-19 pandemic, with criminal syndicates generating approximately $64 billion annually in online fraud by 2023, employing hundreds of thousands of workers from over 60 countries held in prison-like conditions with threats of physical abuse and torture. La Awng's case exemplifies how vulnerable workers are deceived into trafficking situations through fraudulent job offers,
the420.in
· 2025-12-08
A senior tech executive from Thrissur, Kerala, Dhanya Mohan, was arrested for embezzling Rs 20 crores from her employer Manappuram Comptech & Consultants Ltd by exploiting her access to the company's personal loan app to create fake accounts and transfer funds to personal bank accounts while deleting digital records to avoid detection. The fraud was discovered on July 23 when an Rs 80 lakh transaction was flagged, prompting Dhanya to flee; she was eventually tracked down and apprehended after police found evidence including deleted server records and bank statements. Her husband received Rs 40 lakhs in transferred funds, though his involvement in the
wcpo.com
· 2025-12-08
Following the global CrowdStrike outage, security experts warn that scammers are exploiting the incident by contacting people while impersonating tech support representatives and offering assistance with the problem. Tech support scams are particularly effective because they use fear tactics and fake pop-ups to pressure victims into buying gift cards or granting remote computer access, which allows criminals to steal personal information and financial data. To protect yourself, avoid calling numbers in pop-ups, ignore unsolicited contact about device problems, and report suspected scams to local law enforcement or AARP's Fraud Watch Network.
ifamagazine.com
· 2025-12-08
Research from LV= found that young adults aged 18-34 reported more scam victimization than older adults, with 3.8 million UK victims losing money to purchase fraud last year; young adults experienced higher rates across all scam types (phishing, trusted organization impersonation, refund, befriending, and investment scams) compared to those 65 and over, possibly due to greater daily online time averaging 4 hours 35 minutes. The findings highlight that despite increased financial scams over three years, many consumers lack knowledge about reporting mechanisms and that those with financial advisers were more likely to take appropriate action and understand relevant regulatory bodies like the FCA
wusa9.com
· 2025-12-08
A 52-year-old Maryland man, Vipul Thakkar, was arrested and charged with stealing hundreds of thousands of dollars from at least a 74-year-old victim since March by impersonating a government official and convincing them to convert savings into gold bars for "safekeeping." At least 20 similar victims have been identified across Montgomery County, and authorities are investigating potential connections, noting that recovery of the gold is extremely difficult once transferred.
dailydodge.com
· 2025-12-08
In 2023, the Federal Trade Commission received over 192,000 fraud reports from military consumers (active service members, veterans, retirees, and families), resulting in $477 million in total losses, with nearly one-third of reports involving actual financial loss. The most common scams targeting this population included imposter scams, online shopping fraud, investment schemes ($147 million from under 4,000 reports), identity theft (over 39,000 reports), housing scams, and fake government benefits schemes. Wisconsin officials emphasized that military consumers are disproportionately targeted by scammers and highlighted July as Military Consumer Protection Month to raise awareness.
asahi.com
· 2025-12-08
A 39-year-old employee in Sendai, Japan was defrauded of over 1.6 million yen through a sophisticated investment scam operating on the Line messaging app. The scheme used a fake "mentor" who posted daily market commentary and held quizzes with legitimate Amazon gift card rewards to build credibility, while a fake customer support representative convinced the victim to download a fraudulent investment app that showed false profits of 10 million yen. The scam was revealed when the operator demanded an 8 percent fee to withdraw earnings; when the victim transferred 812,051 yen for this fee, the support contact stopped responding.
mugglehead.com
· 2025-12-08
Visa Inc. is using artificial intelligence and machine learning to combat fraud, preventing $40 billion in fraudulent activity from October 2022 to September 2023 by analyzing over 500 transaction attributes in real-time to detect enumeration attacks that cost the industry $1.1 billion annually. Simultaneously, cybercriminals are increasingly leveraging generative AI, voice cloning, and deepfakes to execute romance scams, investment scams, and pig butchering schemes that are more convincing than ever, with scammers able to clone voices from less than three seconds of audio to deceive victims and banking employees.
wxxinews.org
· 2025-12-08
The FBI is warning about a scam targeting seniors nationwide in which fraudsters impersonate bank or government officials and convince victims to withdraw cash or purchase gold bars to "protect" their accounts, then send a courier to collect the assets and disappear. From May to December 2023, the Internet Crime Complaint Center recorded losses exceeding $55 million from this scheme, with individual victims losing up to $1 million or more. The FBI advises that legitimate officials never request account liquidation and urges people to refuse requests to meet unknown individuals for cash or precious metal transfers.
clarkecountydemocrat.com
· 2025-12-08
This educational article outlines three common scam types targeting consumers: investment scams that promise guaranteed returns through fake platforms, employment scams offering easy work-from-home opportunities with little effort, and impersonation scams where fraudsters pose as legitimate businesses or government agencies. The article provides protective measures for each scam type, including researching companies before committing funds, verifying job opportunities through direct company contact, and calling verified phone numbers to confirm requests for money or personal information.
spectrumlocalnews.com
· 2025-12-08
From May to December, the FBI received over $55 million in complaints related to gold scams in which fraudsters impersonated government officials, falsely claimed victims' accounts were hacked, and sent couriers to collect cash or validate transactions. The agency warns that individual losses often exceed $500,000 and recommends protecting personal information, avoiding unsolicited pop-ups and unknown callers, and never allowing strangers computer access, with scam reports available at IC3.gov.
thealpinesun.com
· 2025-12-08
Californians experience the highest losses nationally from online investment scams, according to the FBI's Internet Crime Complaint Center, with fraudsters often exploiting personal relationships and creating false legitimacy to gain victims' trust. The article provides guidance on protecting oneself from investment fraud, including verifying licenses through California's Department of Financial Protection and Innovation, requesting written prospectuses, consulting third-party financial professionals, and avoiding unsolicited offers promising guaranteed high returns or urgency to invest. Victims are encouraged to report scams to the Internet Crime Complaint Center or local law enforcement without shame.
wtop.com
· 2025-12-08
Gold bar scams have defrauded more than a dozen victims in Montgomery County, Maryland alone, with losses exceeding $1 million in individual cases, targeting primarily elderly individuals by convincing them to convert their savings into gold bars under false promises of safekeeping in government vaults. Scammers exploit economic anxiety and victims' unfamiliarity with gold purchasing by posing as financial advisors, directing victims to purchase gold through legitimate retailers before criminals take possession of the assets, which are then difficult to recover or trace once melted down. Montgomery County police have identified at least 17 victims of these schemes in the county, with the State's Attorney noting millions lost in total across the region.
openaccessgovernment.org
· 2025-12-08
During the COVID-19 pandemic, cybercriminals exploited vulnerable populations through phishing emails (up 220%), fake vaccine offers, and impersonation scams, with older adults particularly targeted due to limited digital literacy and social isolation. Impersonation scam cases doubled to 39,394 in 2020, romance scams increased 38%, and investment scams rose 32%, resulting in £479 million in Authorized Push Payment fraud losses in the UK with victims recovering only £206.9 million. Financial services firms are urged to implement continuous fraud awareness campaigns and change communication practices to avoid inadvertently training customers to fall victim to scams.
nationthailand.com
· 2025-12-08
The #ThaisAware campaign is a collaborative effort between TikTok and Thai government agencies (including the Bank of Thailand, Securities and Exchange Commission, and Consumer Protection Board) to combat rising online fraud through educational content and user-generated awareness videos. Thailand reported approximately 700 scams daily, with 19,960 online complaints in the first half of the year, primarily involving e-commerce fraud (43.44%), illegal websites (31.27%), and investment scams. The initiative aims to enhance digital literacy among Thai consumers to reduce vulnerability to online deception and support government efforts against cybercriminals.
punchng.com
· 2025-12-08
Nigerian internet fraudster Marcel, a 26-year-old "Yahoo boy" based in Abuja, destroyed evidence by hiding his phone in a toilet pipe when Economic and Financial Crimes Commission (EFCC) officials raided his apartment building in May following a tip-off about suspected cybercriminals in the area. Though officers searched his room and discovered his phone charger, they did not locate the hidden device, and Marcel was not arrested during the raid, though he admitted to using the phone for "bombing and grinding" (finding and defrauding online victims) for over two years.
disb.dc.gov
· 2025-12-08
This educational resource from DISB (District of Columbia Department of Insurance, Securities and Banking) provides information on common scam types to help consumers protect themselves during financial transactions. The tracker includes detailed examples of advance fee scams, affinity scams by licensed professionals, and credit card phishing scams, with specific case narratives and protective strategies such as verifying information directly with legitimate agencies and being cautious of unsolicited financial offers.
ktvz.com
· 2025-12-08
Two Toronto-area women lost a combined $76,000 to romance scams: one woman lost $62,000 to a fake cruise ship captain who claimed shipments of designer gifts were held at the Canadian border and required payment of fees, while another woman lost $14,000 to a man she had met in person four years earlier who later posed as a hedge fund manager with an investment opportunity. According to the Canadian Anti-Fraud Centre, romance scams caused $52.5 million in losses to 1,190 victims in 2023, making it the third-ranked scam by dollar loss, with common warning signs including quick declarations of love, excuses to avoid in-person
illawarramercury.com.au
· 2025-12-08
A former police officer turned private investigator in Australia estimates that romantic scams are significantly under-reported due to victims' shame and embarrassment, with her agency having contacted 25-30 victims who never reported losses through official channels. Her clients have lost between $100,000 and $500,000 each to romance scammers, with one 86-year-old man losing $200,000 in savings, while reported romance scam losses in Australia total approximately $200 million. She advises the public to watch for red flags including poor grammar, premature declarations of love, scripted conversations, and requests to keep the relationship secret—and to walk away if the person cannot meet in person
13wham.com
· 2025-12-08
The FBI is warning consumers in the Rochester area about gold bar scams targeting seniors, where fraudsters trick victims—often through impersonation schemes like posing as grandchildren in distress—into liquidating their savings to purchase gold bars that are then picked up by couriers. People aged 60 and older lost $3.4 billion to scams in the previous year, with individual victims losing between $500,000 to over $1 million in single incidents, and the average elder fraud loss reaching $33,000. The FBI emphasizes that legitimate government agencies and businesses will never request consumers to purchase gold or precious metals, and urges victims to report suspicious activity immediately to the Internet Crime Complaint
readthereporter.com
· 2025-12-08
American Senior Communities is hosting a free educational session in partnership with the Indiana Attorney General and U.S. Department of Justice to teach seniors how to recognize and avoid scams and fraud. The session covers common elder fraud tactics, including grandparent scams, romance scams, and fake investment schemes, which collectively cost seniors over $5.9 billion annually. The event takes place July 25 from 2-4 p.m. at Allisonville Meadows in Fishers, Indiana.
wxii12.com
· 2025-12-08
Fraud investigators in Guilford County are warning senior citizens about a court-related scam in which callers falsely claim victims missed jury duty or failed to appear in court, demanding payment of fines to resolve the alleged offense. Detective Chris Malloy emphasized that law enforcement does not collect money over the phone and advised potential victims to recognize this as a fear-based scam; scammers accept payment through gift cards, cash, cryptocurrency, and gold, and are difficult to prosecute, especially when operating from overseas. The Guilford County Sheriff's Office offers a senior academy program to help residents protect themselves against fraud.
jcsentinel.com
· 2025-12-08
In 2023, elder fraud reports to the FBI's Internet Crime Complaint Center rose 14 percent, with over 101,000 victims aged 60 and older losing more than $3.4 billion—an average of $33,915 per victim. The most common scams included tech support fraud, investment schemes (costing $1.2 billion alone), government impersonation, romance scams, and cryptocurrency fraud, with scammers often using spoofed caller IDs and posing as agencies like the IRS and Social Security Administration. TARCOG hosted a Fraud & Scam Summit in Alabama to educate the community about these schemes and provide resources to
indianexpress.com
· 2025-12-08
Two senior citizens in Maharashtra lost a combined Rs 96 lakh in stock market scams involving fake investment apps and WhatsApp groups impersonating legitimate companies like IIFL. A 65-year-old retiree from Thane invested Rs 46 lakh after responding to an online advertisement, while a Navi Mumbai senior citizen lost Rs 50 lakh through a similar scheme; both discovered their money had disappeared when attempting withdrawals. Police report these scams are increasingly targeting vulnerable elderly victims, with fraudsters operating from other states and converting stolen funds into cryptocurrencies sent abroad, though immediate reporting to the cyber helpline (1930) may help recover funds.
azfamily.com
· 2025-12-08
This article collection does not contain content relevant to elder fraud, scams, or elder abuse. The articles cover education policy, traffic incidents, immigration enforcement, workplace accidents, and restaurant features—none of which relate to fraudulent schemes or elder victimization. No summary for the Elderus database is applicable.
mypunepulse.com
· 2025-12-08
A 77-year-old woman in Bengaluru was defrauded of Rs 1.2 crore by scammers posing as government officials who fabricated accusations of illegal SIM card purchase and money laundering, then coerced her into transferring funds by threatening arrest with forged documents. The victim realized she had been scammed only after attempting to contact the fraudsters once the supposed investigation concluded. Key prevention measures include independently verifying caller identities, being skeptical of threats demanding immediate payment, protecting personal financial information, and verifying claims through official channels.
aol.com
· 2025-12-08
This educational article describes 12 common scams targeting seniors, including government impersonation (IRS, Medicare, Social Security), fake charity donations, lottery/sweepstakes schemes, phishing emails, voice recording scams, grandchild emergency requests, computer repair scams, and romance scams. The article advises seniors to verify requests independently, never provide personal information to unsolicited callers, hang up without responding to suspicious calls, and confirm the identity of family members before sending money.
ifamagazine.com
· 2025-12-08
Research from LV= found that 3.8 million UK adults lost money to purchase scams last year, with young adults aged 18-34 reporting higher victimization rates across all scam types (phishing, trusted organization impersonation, refund scams, and others) compared to those aged 65 and over. The disparity is attributed partly to younger adults spending significantly more time online (averaging 4 hours 35 minutes daily), making them more exposed to fraudulent schemes.
cheknews.ca
· 2025-12-08
A 70-year-old senior in Nanaimo was scammed out of $150 on June 7 when four people (two adults and two youth) in a Dodge Caravan approached him claiming they needed ferry money to reach Vancouver for a flight to Toronto; in exchange, they gave him two rings and a gold chain that were later determined to be worthless. Similar fake jewelry scams have been reported multiple times across Vancouver Island in 2024, with victims targeted by groups posing as families in financial distress who offer jewelry as collateral for cash loans they never intend to repay.
interest.co.nz
· 2025-12-08
"Pig butchering" is a cryptocurrency investment scam originating in China where fraudsters build personal relationships with victims through fake handlers (like "Mr Glenn Hutchins" and "Sophia") to convince them to deposit cryptocurrency into bogus trading platforms and transfer funds for promised high returns and 20% commissions. The scam operates globally through WhatsApp groups and spoofed websites (such as btcs-alpha.com mimicking legitimate sites), targeting victims who are lured by fake screenshots of profits from other group members. Victims lose money when the promised trades and profits never materialize, with billions lost globally to this form of online fraud.
daytonatimes.com
· 2025-12-08
Elder fraud is rising nationwide, costing seniors $3.4 billion annually, with Volusia County reporting $4.6 million in losses over the past year as scammers target older adults through imposter calls, investment fraud, and tech scams. The Volusia County Sheriff's Office created a three-person financial fraud unit and used a screening of the movie "Thelma"—which depicts a grandmother falling victim to an imposter scam—to educate 140+ seniors on fraud awareness and prevention. A 90-year-old attendee avoided a fake son/lawyer scam demanding $10,000 by verifying her son's location, exemplifying the importance of
goldrushcam.com
· 2025-12-08
The San Luis Obispo County Sheriff's Office reports a sophisticated scam targeting older residents in which fraudsters send pop-up warnings claiming computers are compromised and direct victims to call a number for help. After gaining the victim's trust through multiple conversations and posing as bank fraud departments, the scammers arrange in-person cash pickups at victims' homes using fake "security codes" to appear legitimate. Victims have lost substantial sums, including cases exceeding $60,000 and $120,000, and authorities urge residents to report suspicious pop-ups or money-demanding calls and warn family members about this scheme.
wrrv.com
· 2025-12-08
New York State Police issued a fraud alert warning older residents about a scam in which perpetrators convince victims to withdraw money from their bank accounts for the scammers to pick up. The scam has generated multiple complaints from seniors, and police emphasized that anyone contacted by phone or computer with such requests should immediately call 911 and never withdraw or surrender funds. Scams targeting New Yorkers cost the state over $10 million last year, with other common schemes against seniors including romance, investment, and "grandparents" scams.
express.co.uk
· 2025-12-08
This article provides awareness and prevention tips for common tourist scams across Europe, including pickpocketing in crowded areas, inflated bar bills in Budapest, fake police officers posing as authorities to steal money or valuables, and street vendors offering unsolicited items like bracelets or flowers. The piece advises travelers to stay alert, use anti-theft bags, avoid dingy bars with unclear pricing, insist on going to police stations if approached by officers, and trust their instincts when meeting strangers.
aol.com
· 2025-12-08
Elder scams cost banks over $27 billion in 2023, with victims losing an average of $33,000 per case, increasingly facilitated by AI-enabled voice cloning and impersonation fraud. Common scams targeting older adults employ two main tactics: creating urgency (tech support, government imposter, grandparent scams) or offering too-good-to-be-true opportunities (investment, romance, lottery scams). The most effective prevention involves pausing when pressured, verifying identities through independent channels, and consulting trusted third parties before making financial decisions or sharing personal information.
gctelegram.com
· 2025-12-08
This article identifies six common scams targeting older Americans in an era of advancing technology. The piece emphasizes that elders and their families need to remain informed about fraud schemes to protect themselves. The specific scams and detailed advice are not fully visible in the provided excerpt.
azbigmedia.com
· 2025-12-08
Up to 20% of older Americans fall victim to elder fraud annually, with losses totaling over $3.4 billion in 2023 and averaging $34,000 per victim, using methods like deceptive emails, phone calls, and impersonation scams. Common schemes include government impersonation, sweepstakes scams, robocalls, tech support fraud, and grandparent scams targeting seniors due to isolation and limited technical knowledge. Prevention strategies include staying informed about evolving scams, monitoring accounts regularly, maintaining open communication with family about finances, reporting suspicious activity immediately, and pausing before responding to urgent requests for money or personal information.
yahoo.com
· 2025-12-08
Elder scams cost banks over $27 billion in suspicious activity in 2023, with individual losses averaging more than $33,000 per case, increasingly enabled by AI-powered voice cloning and identity masking technology. Six common scam types target older adults through two main strategies: creating urgency (tech support, government imposter, and grandparent scams) or offering too-good-to-be-true opportunities (investment, romance, and lottery scams). Protective measures include pausing when rushed, verifying identities through independent channels before acting, avoiding nontraditional payment methods, and consulting trusted third parties when emotional decisions are involved.
usatoday.com
· 2025-12-08
Priscilla Presley, 79, filed a lawsuit in Los Angeles County Superior Court alleging that former business associates Brigitte Kruse and Kevin Fialko committed financial elder abuse and misappropriated over $1 million from her accounts between 2021 and 2023 by fraudulently obtaining power of attorney over her finances, trusts, and personal affairs. Presley claims the defendants isolated her from family, coerced her into working to benefit them, and forced her into "indentured servitude," seeking $1 million in damages and a court order barring them from accessing her finances. The defendants dispute the allegations, characterizing the lawsuit as ret
nationalseniors.com.au
· 2025-12-08
Scammers are increasingly leveraging artificial intelligence technologies, particularly generative AI, to create convincing fake content used in various fraud schemes targeting the public. Common AI-enabled scams include deepfake payment redirection scams impersonating company executives, social media investment scams featuring fake celebrity videos, voice-cloning "Hi Mum" scams, sophisticated phishing emails with realistic logos, job scams with fake websites, and romance scams using AI-generated profile pictures and chatbots. To protect against these evolving threats, individuals should verify information independently, maintain strong online security practices, and educate themselves about AI-based scam techniques.
newsmirror.net
· 2025-12-08
Seniors lost over $3 billion to scams in 2023, with losses reaching $1.6 billion in just the first five months of 2024, representing a significant increase year-over-year. Older adults are particularly vulnerable targets because they tend to be trusting, have financial savings, and good credit, making them attractive to con artists. Common scams targeting seniors include romance scams (where scammers pose as romantic partners to extract money) and tech support scams (where fake pop-ups trick victims into calling numbers and granting remote computer access).
law.com
· 2025-12-08
The Commodity Futures Trading Commission struggles to combat precious metals fraud targeting seniors due to insufficient staffing and funding, with fraudulent dealers continuing to emerge faster than authorities can shut them down. The agency faces a persistent "Whack-A-Mole" challenge as it lacks adequate resources to effectively prevent the ongoing proliferation of precious metals scams.