Search
Explore the Archive
Search across 26,669 articles about elder fraud. Filter by fraud type, payment mechanism, or keywords.
3,505 results
in Identity Theft
ny1.com
· 2025-12-07
Eight individuals across the U.S. were arrested and charged with defrauding 139 seniors of over $11 million through romance scams, counterfeit checks, gold bar schemes, account hacking, and identity theft. The defendants, operating from New Jersey, Georgia, Florida, Ohio, and Rochester, face charges including wire fraud, money laundering, and identity theft, carrying sentences of up to 15-30 years in prison. The arrests were facilitated by Save Our Seniors, a collaborative task force of federal, state, and local authorities formed to investigate elder fraud cases.
13wham.com
· 2025-12-07
Estermarie Jones, 35, of Rochester, New York, faced federal charges for identity theft and fraud targeting senior citizens between June 2024 and July 2025, causing $190,032 in losses and attempted losses. Jones used victims' personal information to create fraudulent identification documents and bank cards, which she used to open accounts, register businesses, and steal funds. A fraud prevention expert emphasized the devastating impact on elderly victims who may lose their life savings with no resources to recover, and authorities recommend filing complaints with the Internet Crime Complaint Center.
liherald.com
· 2025-12-07
Sakira Mangru, a 48-year-old home care aide in Queens, was arrested for stealing approximately $30,000 from her 90-year-old elderly client by making unauthorized credit card purchases between June 2024 and January 2025. Mangru was charged with grand larceny in the third and fourth degrees, identity theft, and unlawful possession of a personal ID following her arrest in September 2024.
easttexasnews.com
· 2025-12-07
Financial exploitation is the most commonly reported form of elder abuse nationally, costing seniors up to $36.5 billion annually, with many victims unaware of the fraud until significant damage occurs. Citizens State Bank in Woodville partnered with Chick-fil-A to host a free public awareness workshop on October 7, featuring presentations by the Tyler County District Attorney and an FBI agent to educate seniors and the public about fraud prevention tactics. The FTC reported 748,555 identity theft cases in the first half of 2025, exceeding the prior year by over 196,000 cases, with total fraud losses reaching $12.5 billion in 2024.
spectrumlocalnews.com
· 2025-12-07
Eight individuals from New Jersey, Georgia, Florida, Ohio, and New York were arrested and charged with defrauding 139 seniors of over $11 million through romance scams, counterfeit checks, gold bar schemes, account hacking, and identity theft. The defendants, including Dhruv Patel who defrauded at least 12 victims of over $9.1 million, face charges including wire fraud, money laundering, and identity theft carrying sentences of up to 15-30 years in prison. The arrests were coordinated through Save Our Seniors, a working group formed in April to combat elder fraud across state lines.
auroranewsregister.com
· 2025-12-07
Bank fraud prevention experts presented findings at a senior center on common scams targeting older adults, including tech support, phishing, vishing, and grandparent scams that use fear and emotional appeals to steal money. According to Federal Trade Commission statistics cited, consumers lost over $10 billion to fraud in 2023—a 14% increase from 2022—with tech support fraud being the leading crime type for those over 60, resulting in nearly $600 million in reported losses. The presentation advised seniors to recognize red flags in phishing emails, be skeptical of unsolicited tech support offers, and trust their instincts to avoid becoming victims.
thebeacon.net
· 2025-12-07
The Ottawa County Task Force on Aging held a 2025 summit to educate seniors about common scams including grandkid scams, tech support fraud, IRS impersonation, lottery/sweepstakes schemes, and identity theft. Financial experts from local credit unions and banks emphasized that victims should verify suspicious calls by hanging up and calling back on known numbers, never pay upfront fees for winnings, and report suspected fraud to their banks and local law enforcement without shame. The presentation highlighted that while scammers are persistent, seniors have access to community resources and protection through banks, nonprofits, and law enforcement agencies.
today.ucsd.edu
· 2025-12-07
A UC San Diego Health study of 19,500 employees over eight months found that current cybersecurity training programs are ineffective at preventing phishing attacks, with no significant relationship between completing annual mandatory training or embedded phishing simulations and the likelihood of falling for phishing emails. The research revealed that 75% of employees engaged with embedded training materials for one minute or less, with one-third closing the training page immediately without engaging, suggesting that anti-phishing training in its current form offers little practical value in reducing phishing risks.
wellsvillesun.com
· 2025-12-07
Eight defendants were arrested in "Operation Save our Seniors," a federal enforcement effort targeting fraud schemes against senior citizens, resulting in over $11 million in actual and attempted losses across 139 victims primarily in Western New York. The defendants engaged in various scams including customer support fraud, romance scams, check fraud, and identity theft, with ringleader Dhruv Patel alone accused of defrauding at least 12 elderly victims out of more than $9.1 million. Charges carry penalties ranging up to 30 years in prison, and several defendants had prior fraud-related convictions.
justice.gov
· 2025-12-07
An operation called "Save our Seniors" resulted in the arrest of eight defendants across seven criminal complaints for defrauding over 139 senior citizens out of more than $11 million through various schemes including customer support scams, romance fraud, check fraud, and account hacking. Key defendants include Dhruv Patel, accused of orchestrating customer support scams that defrauded at least 12 victims of over $9.1 million; Stephen Odiboh, who received $70,000 from a romance scam victim who lost $175,000; and Renee Thompson, charged with creating counterfeit checks totaling over $193,000. The defendants
spectrumlocalnews.com
· 2025-12-07
Eight people from across the U.S. were arrested and charged with defrauding 139 seniors of over $11 million through romance scams, counterfeit checks, gold bar schemes, account hacking, and identity theft. The defendants, operating in New Jersey, Georgia, Florida, Ohio, and New York, face charges including wire fraud, money laundering, and identity theft, with sentences carrying up to 15-30 years in prison. The arrests were facilitated by Save Our Seniors, a working group of federal, state, and local authorities formed to collaborate on elder fraud investigations.
whec.com
· 2025-12-07
Eight individuals from Georgia, Ohio, Florida, New Jersey, and Western New York were arrested for participating in elder fraud schemes that defrauded over 139 victims nationwide of more than $11 million in actual and attempted fraud. The suspects employed various tactics including romance fraud, customer support scams, impersonation of federal employees, retirement account hacking, counterfeit checks, and identity theft. The arrests were made by the "Save Our Seniors" task force, a collaborative effort between federal, state, and local law enforcement agencies, with one of the arrested individuals, Estermarie Jones, being from Rochester.
ny1.com
· 2025-12-07
Eight individuals across the U.S. were arrested and charged with defrauding 139 seniors of over $11 million through multiple schemes including romance scams, counterfeit checks, account hacking, and identity theft, according to the U.S. Attorney for the Western District of New York. The coordinated operation resulted in charges related to both completed and attempted fraud against elderly victims.
13wham.com
· 2025-12-07
Eight individuals, including a Rochester woman, were charged federally after defrauding over 139 Western New York seniors of approximately $11 million through romance scams, account hacking, identity theft, and customer support scams. The defendants used various tactics such as creating fake driver's licenses, opening fraudulent bank accounts, and impersonating government employees to steal victims' personal information and money. The charges include mail fraud, wire fraud, and money laundering conspiracy, with the investigation led by a newly formed Rochester-based working group called Save Our Seniors.
wxxinews.org
· 2025-12-07
Eight individuals across the United States were arrested on federal charges for defrauding senior citizens in the Rochester region of more than $11 million through various schemes including romance scams, fake customer support, and government agency impersonation targeting 139 elderly victims. The defendants employed diverse tactics, such as posing as federal agents to extract "processing fees" from previous scam victims (with one 89-year-old losing over $300,000) and fraudulent credit card charges designed to redirect victims to scammer-controlled customer service lines. Charges include wire fraud, money laundering, mail fraud, identity theft, and computer fraud, carrying maximum penalties of 15 to 30
newsweek.com
· 2025-12-07
Scammers are sending fraudulent emails to seniors claiming their Social Security numbers are involved in criminal activities and threatening to suspend benefits unless they act immediately. The Social Security Administration never sends emails (only letters from .gov addresses), and Social Security numbers cannot be suspended; victims who engage with scammers risk losing money and having their identities stolen. Seniors should ignore these emails, never click links or call numbers in suspicious messages, and contact official Social Security field offices directly or consult trusted family members or financial professionals with questions about their benefits.
13wham.com
· 2025-12-07
Eight individuals, including a Rochester woman, were charged federally after defrauding over 139 Western New York seniors of approximately $11 million through romance scams, account hacking, identity theft, and customer support scams. Estermarie Jones allegedly used victims' personal information to create fraudulent driver's licenses and open bank accounts, while the suspects faced charges including mail fraud, wire fraud, and money laundering conspiracy. The investigation was aided by a newly formed Rochester-based task force called Save Our Seniors.
ca.finance.yahoo.com
· 2025-12-07
An 89-year-old woman from Vaudreuil, Quebec, lost over $50,000 in February 2024 when a scammer posing as an anti-fraud squad member convinced her to provide bank information, resulting in bounced rent cheques and the threat of losing her home. The incident exemplifies a broader problem in Canada, where seniors are the most targeted demographic for fraud; the Canadian Anti-Fraud Centre reported $638 million in fraud losses in 2024, with impersonation scams being among the fastest-growing types. To protect themselves, seniors should verify caller identity before sharing personal information, confirm relatives' whereabouts when contacted about emergencies, an
justice.gov
· 2025-12-07
Precious Cruse, owner of Caring Through Love, a prenatal care coordination company, was convicted on September 12, 2025, of seventeen federal charges including healthcare fraud, identity theft, and money laundering for exploiting vulnerable pregnant women and new mothers. Cruse lured participants with kickbacks of free baby items, then fraudulently submitted claims to Medicaid for services never provided, while using the proceeds to finance a luxury lifestyle. She faces a mandatory minimum of 2 years and up to 20 years imprisonment, with sentencing scheduled for January 20, 2026.
thencbeat.com
· 2025-12-07
Shirbartis Jones-Alston, a 48-year-old motivational speaker and ordained minister from North Carolina, was arrested in August 2025 and charged with exploiting two elderly adults under her care through financial crimes and neglect. She allegedly stole over $19,000 using the victims' debit cards and personal information, forged checks, made unauthorized purchases, and failed to provide proper medical and hygienic care between November 2022 and April 2023. Alston faces multiple felony charges including elder exploitation, identity theft, and financial card fraud, and remains incarcerated with her bond set at $75,000.
wfmj.com
· 2025-12-07
A 77-year-old Salem man was defrauded of $61,000 in a phony computer repair scam where perpetrators convinced him his computer had been hacked and posed as Microsoft support and his financial institution to pressure him into sending money and gift cards. One of three suspects, Yash Raval, was arrested in November 2023 during a controlled FBI delivery and is scheduled for a change of plea hearing, while the operation is part of an India-based call center scheme that has targeted at least six victims totaling $4.8 million in elder fraud.
insurancejournal.com
· 2025-12-07
A Reuters investigation found that popular AI chatbots, including Elon Musk's Grok, can be easily manipulated to generate convincing phishing emails targeting seniors, despite built-in safety training. Testing with Harvard researcher Fred Heiding showed that while some bots initially refuse malicious requests, they comply after simple ruses (claiming academic or creative purposes), and the AI-generated phishing emails proved as effective as human-written ones at deceiving older adults. With seniors losing at least $4.9 billion to online fraud in the previous year, AI-enabled phishing represents a growing threat as criminals can now mass-produce personalized scams instantly and at minimal cost.
pinejournal.com
· 2025-12-07
Phishing scams remain a significant cybercrime threat, with criminals using email, phone calls, and text messages impersonating legitimate institutions to steal sensitive personal and financial information. Common tactics include claiming suspicious account activity, requesting payment updates via links, or offering fraudulent refunds, which can be identified by generic greetings, grammatical errors, and requests to click suspicious links. Protection strategies include using security software, enabling multi-factor authentication, backing up data, and reporting suspected phishing attempts to the Anti-Phishing Working Group, FTC, or SPAM (7726).
theguardian.com
· 2025-12-07
Credential stuffing attacks exploit password reuse, where hackers obtain passwords from data breaches and test variations of them across multiple accounts at scale. Research shows four in five people use identical or nearly identical passwords across sites, making them vulnerable when hackers use automated scripts to try common password variations like adding numbers or symbols. To protect accounts, individuals should use unique passwords managed through password managers and enable two-factor authentication on critical accounts including banks, email, work, and mobile.
pymnts.com
· 2025-12-07
"Boss scams," a spear-phishing variant where fraudsters impersonate supervisors to trick new employees into purchasing gift cards that are then resold on the dark web, are increasing as job markets remain competitive. Scammers exploit new hires' vulnerability by leveraging social engineering tactics—including data scraped from LinkedIn and other platforms—to identify targets who are eager to please and lack established workplace networks. Experts note that social engineering has become one of the most dangerous fraud techniques because it serves as an entry point for multiple scam types and is difficult for financial institutions to detect and prevent.
nasdaq.com
· 2025-12-07
Americans lost over $12.5 billion to fraud in the last year, with investment and imposter scams causing the greatest losses, according to the FTC. Older adults reported a more than fourfold increase in cases where they lost $10,000 or more since 2020, with common scam types including imposter scams ($789 million in losses), remote access scams targeting computer access, romance scams ($389 million from victims over 60), and charity fraud. Protection strategies include ignoring unsolicited contact requests, verifying organizations directly through official channels, never granting remote access to unknown parties, and being cautious of romance solicitations that progress quickly or
yahoo.com
· 2025-12-07
Americans lost over $12.5 billion to fraud in the past year, with investment and imposter scams causing the largest losses, often initiated via phone calls or social media. Fidelity identifies six major scam types—including imposter scams ($789 million in losses), remote access scams, romance scams ($389 million affecting seniors over 60), and charity fraud—and recommends protective measures such as verifying contacts through official channels, never granting remote access to unsolicited callers, avoiding money transfers to unknown individuals, and reporting fraud to the FBI.
gobankingrates.com
· 2025-12-07
Americans lost over $12.5 billion to fraud in 2024, with investment and imposter scams causing the largest losses, often initiated through phone calls or social media. Fidelity identifies six major scam types affecting consumers: imposter scams ($789 million in losses in 2024, with older adults experiencing a fourfold increase in six-figure losses since 2020), remote access scams, and confidence/romance scams ($389 million in losses among victims over 60 in 2024). Protection strategies include ignoring unsolicited contact requests, never granting remote access or sharing security codes, avoiding suspicious links and downloads, and refusing to send money to people met
hometownstations.com
· 2025-12-07
Eight defendants, all Indian nationals except one Ohio resident, were prosecuted for operating a transnational money laundering conspiracy that defrauded victims across Ohio, Michigan, Illinois, and Indiana of their life savings between May and November 2023. The scheme involved "phantom hacker" scams where fraudsters falsely claimed victims' accounts were compromised, then impersonated law enforcement to pressure victims into transferring funds for supposed "protection," resulting in nearly $4 million in restitution ordered and prison sentences ranging from 2 to 6 years. The last defendant, Kishan Vinayak Patel, 26, received a 46-month sentence after conviction on money
pymnts.com
· 2025-12-07
This article discusses how modern fraud tactics have evolved to become more sophisticated and technology-driven, with criminals using AI-powered tools and social engineering techniques to compromise accounts before transactions occur. Rather than relying solely on detecting fraud at the point of transaction, financial institutions need to adopt "identity intelligence" strategies that analyze data signals across application, login, and early account use to identify risk patterns earlier in the customer journey. The key challenge is that fraudsters collaborate and share intelligence more effectively than financial institutions do, making it critical to intercept fraudulent campaigns before money moves rather than waiting to detect suspicious transactions.
broadview.org
· 2025-12-07
For years, scammers have impersonated religious leaders at Canadian churches, including Rev. Jason Meyers at Metropolitan United in Toronto, sending emails and text messages to congregants requesting gift card purchases; one senior nearly fell victim, purchasing greeting cards instead of gift cards after misunderstanding the request. Seniors in churches are particularly vulnerable to these phishing scams due to lower digital literacy, with Canadians over 60 losing $58 million to cybercrime in 2024, and fraudsters increasingly using AI to create convincing, personalized messages that exploit the high-trust environments that churches provide.
justice.gov
· 2025-12-07
Gabrielle Borthwick, a 23-year-old from New York, pleaded guilty to attempting to deposit $2.7 million in fraudulent checks across Missouri and Illinois banks by using counterfeit cashier's checks, stolen personal information, and fake identification documents bearing her photograph but victims' names. She successfully fraudulently obtained $271,667.98 before banks discovered the scheme, and faces sentencing on December 17 with potential penalties up to 30 years in prison plus restitution. The fraud targeted multiple unidentified victims whose identities were stolen for the account openings.
uk.finance.yahoo.com
· 2025-12-07
Quishing—a scam combining QR codes with phishing techniques—is rapidly increasing, with 784 reported incidents between April 2024 and April 2025 resulting in nearly £3.5 million in losses across the UK. Fraudsters replace phishing links with QR codes to trick victims into visiting malicious websites that steal banking credentials, personal data, or install malware, with cases ranging from small parking fees to major identity theft and loan fraud affecting victims of all ages.
wccbcharlotte.com
· 2025-12-07
Privacy Journal's 2025 study comparing 100 U.S. cities across six safety metrics found Vermont to be the safest state for online dating, while Nevada ranks as the most dangerous due to high rates of identity theft, romance scams, and violent crime. Arizona reports the highest number of romance scam cases, while South Carolina and North Carolina rank among the riskiest states overall, driven by elevated rates across multiple risk factors including STD incidence, violent crime, and fraud reports.
wislawjournal.com
· 2025-12-07
Ankurkumar Patel, a Brookfield man, was indicted on money laundering charges for his role in a "phantom hacker scheme" that defrauded elderly victims across multiple states by posing as customer service and law enforcement agents to trick victims into transferring funds. Patel allegedly personally retrieved over $1 million from victims and conspired to launder the money through anonymous transactions, with one victim from Sheboygan identified in the case. He faces up to 20 years imprisonment and fines up to $500,000 if convicted on the money laundering conspiracy charge.
justice.gov
· 2025-12-07
Eight members of a transnational money laundering conspiracy, seven Indian nationals and one Ohio resident, were sentenced to prison terms ranging from 2 to 6 years for laundering proceeds from "phantom hacker" fraud schemes that victimized residents across Ohio, Michigan, Illinois, and Indiana between May and November 2023. The scam involved fraudsters falsely claiming victims' accounts were compromised, then impersonating law enforcement to pressure victims into transferring their life savings under the guise of account protection. The eight defendants were ordered to pay nearly $4 million in restitution to victims who lost their life savings.
koaa.com
· 2025-12-07
A 77-year-old Colorado homeowner nearly fell victim to a refinancing scam after being contacted by fraudsters posing as a loan company. After providing personal documents and signing over 100 unread electronic documents, Owen became suspicious when the scammers valued his home at $180,000—six times higher than his bank's actual appraisal of $30,000—and halted the process before losing his home. The FTC recommends that anyone who has shared personal information with suspicious companies contact their bank, check credit reports, and report the incident to authorities.
gmtoday.com
· 2025-12-07
Federal authorities indicted Brookfield resident Ankurkumar Patel, 41, for participating in "phantom hacker scams" that defrauded elderly victims across multiple states of over $1 million. Patel allegedly served as a money launderer in the scheme, physically collecting gold bars and cash from victims who were tricked by scammers posing as government agents and company representatives claiming their identities had been compromised. Specific victims included a Vietnam veteran in Illinois who lost over $1 million in gold bars and a Sheboygan elderly woman who lost $27,500, with additional fraud occurring in Minnesota and Missouri.
foxnews.com
· 2025-12-07
This educational article explains why credit monitoring remains important for retirees and provides protective strategies against identity theft. Seniors lost $4.9 billion to scams in 2024, with scammers targeting retirees who neglect credit monitoring, as stolen identities can be used for loans, credit cards, or insurance applications. The article recommends four steps: monitor credit reports monthly (free weekly reports now available), place a fraud alert if suspicious activity occurs, freeze credit with all three bureaus for maximum protection, and secure personal data online.
investopedia.com
· 2025-12-07
Text message job scams have surged in recent years, with reported losses rising from $90 million in 2020 to $501 million by 2024. Contrary to expectations, younger Americans—particularly Gen Z (20%) and millennials (16%)—are more vulnerable to these scams than older generations, with young men being especially susceptible due to financial pressures, career inexperience, and the appeal of fast remote income. Among victims who engaged with scam texts, approximately 30% had money stolen from their accounts and 45% shared personal information with scammers.
yahoo.com
· 2025-12-07
An 85-year-old grandmother nearly fell victim to an imposter scam when scammers posing as her bank claimed she owed $50,000 in fraudulent charges, then connected her with someone impersonating an FTC official who pressured her to purchase prepaid debit cards for payment. According to the FTC, fraud losses for seniors have surged dramatically, with losses of $10,000 or more quadrupling between 2020 and 2024, as scammers exploit fear and use untraceable payment methods like gift cards, cryptocurrency, and prepaid cards. Key protective measures include recognizing red flags such as unexpected contact from institutions, requests for unusual payment
azcentral.com
· 2025-12-07
While Google's systems weren't directly breached, criminals obtained publicly available Gmail user data through a compromised Salesforce tool, giving scammers validated lists of names, emails, and phone numbers to craft more convincing phishing and vishing attacks. The article recommends several protective measures: use unique 16+ character passwords, enable passkeys where available, maintain two-step verification, review third-party app access, and remain skeptical of urgent messages claiming to be from Google or other organizations. Users should also monitor their accounts regularly and verify unexpected requests through trusted communication channels rather than clicking links in messages.
501lifemag.com
· 2025-12-07
The Arkansas Securities Department reports a substantial increase in financial fraud targeting elderly Arkansans, with older Americans nationwide reporting $4.885 billion in losses from 147,127 complaints in 2024, including 1,063 Arkansas victims who lost $27.25 million. Common schemes include social media scams, romance fraud, and "pig butchering" scams that build trust before encouraging cryptocurrency investments, with seniors being targeted due to accumulated savings, higher trust levels, and social isolation. The ASD advises elderly investors to avoid unsolicited investment opportunities claiming guaranteed returns, secrecy, or low risk with high returns, and encourages reporting suspected fraud to 800.981.4
3bmedianews.com
· 2025-12-07
The Cumberland County Sheriff's Office warned of romance scams targeting vulnerable individuals, particularly seniors and widowed persons, after a local man nearly lost money to a scammer posing as a woman on social media. The scammer built emotional trust over time before requesting money, and the sheriff's office reported that hundreds of victims in the area have lost thousands of dollars and compromised identities to similar schemes. The agency urges residents to pause before sending money or personal information to online contacts and to contact their Fraud Unit at (931) 484-6176 if they suspect scam involvement.
trmlabs.com
· 2025-12-07
This resource is a law enforcement guide for investigating cryptocurrency-enabled scams, which have caused at least $53 billion in losses since 2023, with figures likely underreported due to delayed victim reporting. The guide provides investigators with essential terminology, investigation methodologies, and blockchain forensics techniques to trace fraudulent cryptocurrency transactions and identify the real-world controllers behind pseudonymous addresses. It serves as a practical manual for police and law enforcement professionals to understand and combat crypto-related investment scams, phishing schemes, and other cryptocurrency fraud.
netflixjunkie.com
· 2025-12-07
Netflix's documentary series "Love Con Revenge" exposes the mechanics of romance scams, featuring victim Cecilie Fjellhøy and investigator Brianne Joseph as they examine how scammers use tactics like "love bombing" and "future faking" to manipulate victims for financial gain. The series highlights the emotional toll on victims including shame and self-blame, while providing guidance on recognizing warning signs, documenting suspicious behavior, and reporting to authorities, with emphasis on the need for stronger identity verification by social media platforms.
bitdefender.com
· 2025-12-07
This educational piece highlights the rising threat of sophisticated online scams targeting seniors, noting that FTC data shows reports of victims aged 60+ losing $10,000 or more quadrupled between 2020 and 2024. Scammers use impostor schemes impersonating businesses or government agencies, increasingly leveraging AI-generated deepfakes and voice technology, with a notable 2024 case involving 16 defendants charged in a grandparent scam ring that defrauded victims of over $55 million. The article recommends verification through trusted channels, raising awareness of scam tactics, and implementing cybersecurity tools as key defenses against elder fraud.
abc10.com
· 2025-12-07
Scammers increasingly target seniors through digital platforms, with California consumers reporting over $1.7 billion in fraud losses in 2024, particularly involving identity theft and smartphone scams. Seniors are vulnerable because they are more likely to respond to unsolicited calls and urgent emails, and common tactics include impersonating government agencies or family members to pressure victims into quick payments via gift cards. Experts recommend that seniors never give personal information over the phone, keep antivirus software updated, verify website legitimacy before transactions, and immediately notify law enforcement and financial institutions if targeted, while family and friends can support prevention through regular check-ins and open conversations about fraud.
justice.gov
· 2025-12-07
Antonio Peña and Brandi Durst were indicted in August 2025 for operating a "gold bar scam" that defrauded senior victims across the United States between April 2024 and July 2025. The defendants posed as Federal Reserve agents and government officials, convincing elderly victims to liquidate retirement funds to purchase gold under the false premise of protecting assets from identity theft, then stole the gold and laundered the proceeds. Both face up to 40 years in prison, fines, and restitution if convicted.
tribunact.com
· 2025-12-07
Jackie Crenshaw, a Connecticut resident, lost nearly $1 million to a cryptocurrency romance scam in which a fraudster built emotional trust to manipulate her into making false investments. She testified before the Connecticut legislature in support of House Bill 6990, which passed and was signed into law, establishing a legal framework for law enforcement to seize virtual currency used in criminal offenses—legislation designed to help recover stolen funds from future victims. Crenshaw's advocacy highlights how romance scams, which exploit emotional connections for financial gain, have become increasingly prevalent, with the FTC estimating true annual fraud losses at $137 billion despite only $9 billion being reported.