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in General Elder Fraud
timesofindia.indiatimes.com
· 2025-12-08
Two senior citizens in Noida fell victim to online investment scams totaling over Rs 8 crore. In the first case, a retired government officer's son was convinced to join a fraudulent WhatsApp trading group impersonating Franklin Templeton, where his father invested Rs 7.7 crore before being asked to pay Rs 3 crore in commission to withdraw profits; police froze Rs 1.02 crore and 15 accounts. In the second case, a retired government officer lost Rs 65 lakh after being lured by scammers posing as Motilal Oswal Group through WhatsApp, who pressured her to invest
timesofindia.indiatimes.com
· 2025-12-08
A 61-year-old doctor in Hyderabad was targeted by scammers using a "digital arrest" fraud scheme that pressured him to withdraw Rs 13 lakh from his bank accounts, but alert SBI employee Surya Swathi recognized his anxious behavior and inconsistent story during multiple branch visits, ultimately preventing the loss. Through persistent intervention and sharing educational materials about the scam, Swathi and branch manager Kumar Gaud helped the senior citizen recognize he was being defrauded and disconnect from the criminals. The incident highlights the importance of verifying caller identity, protecting financial information, and remaining suspicious of urgent withdrawal demands.
edmonton.citynews.ca
· 2025-12-08
An Edmonton woman was charged with fraud for systematically defrauding an 88-year-old senior of at least $1.6 million over approximately a decade by befriending him and exploiting his kindness and generosity. The 60-year-old accused, Tina "Phoeut" Soeung, was charged in September 2024 with fraud over $5,000, and police suspect there may be additional victims and are encouraging anyone with information to contact authorities.
dailyexcelsior.com
· 2025-12-08
Three individuals were arrested in Srinagar for operating a "digital arrest" scam that defrauded a senior citizen of Rs 21 lakh (approximately $25,000 USD). The fraudsters impersonated TRAI and CBI officials, fabricating money laundering allegations and arrest warrants to psychologically manipulate the victim into withdrawing fixed deposits and transferring funds to a fraudulent account. Police recovered Rs 4.13 lakhs for the victim and seized multiple phones, SIM cards, debit cards, and other materials; authorities emphasized that legitimate government agencies never conduct arrests or demand payments via video calls.
themirror.com
· 2025-12-08
Phil and Nicole Scolaro were arrested in Florida and charged with five felonies for defrauding two elderly Colorado women of over $4 million through a fake African goldmine investment scheme spanning three years. A Douglas County Sheriff's Senior Resource Deputy emphasized that seniors are frequent targets due to greater trust, lower tech-savvy, and accumulated wealth, and recommended using the "SCAM" and "STOP" acronyms to identify red flags, while encouraging families to establish trust so victims will report incidents to authorities and banks promptly.
krdo.com
· 2025-12-08
A Florida couple, Phil and Nicole Scolaro, defrauded two elderly Colorado women out of over $4 million over three years by claiming they were partial owners of an African gold mine and persuading the victims to send money for supposed mine ownership stakes. The couple was arrested in late October and faces five felony charges including fraud and theft, with bail set at $1 million combined. The article also highlights that seniors are particularly vulnerable to scams due to being more trusting and having accumulated savings, and emphasizes the importance of reporting fraud quickly to law enforcement and financial institutions.
justice.gov
· 2025-12-08
**Summary:**
Dale Lake of Hanford, California, agreed to a consent decree resolving federal allegations that he operated as a "money mule" in a mail and wire fraud scheme targeting senior citizens. Victims were deceived into believing they had won lotteries or sweepstakes and sent money to Lake, who then transmitted the funds to accomplices in Jamaica; the decree permanently prohibits Lake from participating in prize promotion fraud or money transmitting businesses and authorizes postal inspection monitoring of his mail.
indiatoday.in
· 2025-12-08
A 75-year-old retired ship captain in Mumbai lost Rs 11.1 crore in a share market scam after being added to a fraudulent WhatsApp group impersonating a legitimate financial services company. The scammers, posing as "Anya Smith," convinced him to download a fake trading app and make 22 transfers between September and October; when he later demanded withdrawal of funds, they requested additional taxes and fees before he discovered the fraud. The case illustrates how scammers exploit investors' trust in reputable company names and highlights the importance of verifying investment platforms directly through official channels and avoiding unfamiliar WhatsApp groups.
newsbreak.com
· 2025-12-08
A 35-year-old Oakland man, Zhongqiang Chen, was arrested after scamming an elderly California woman out of $30,000 in a tech support fraud scheme. On November 12, 2024, Chen posed as McAfee Customer Service via email, gained remote access to the victim's computer, transferred $60,000 between her accounts, and falsely convinced her she owed him money, resulting in her initial payment of $30,000 before law enforcement intervened. Chen was arrested on November 14 when he arrived to collect a second $30,000 payment and faces charges including elder abuse, grand theft, and identity fraud.
davidsonlocal.com
· 2025-12-08
This article is an educational resource warning North Carolinians about common holiday scams targeting vulnerable populations, particularly older adults. It covers four main fraud categories: holiday mail scams (phishing emails and porch theft), holiday shopping scams (fraudulent retailers and gift card schemes), and charity/investment scams, providing practical prevention tips such as verifying sender information, using secure networks for purchases, and researching charities before donating. The article emphasizes that consumers should be cautious during the high-spending season and recommends using resources like the BBB Scam Tracker and AARP Fraud Watch Network for protection and verification.
regtechtimes.com
· 2025-12-08
Dale Lake of Hanford, California, agreed to a consent decree with the U.S. government after being accused of serving as a "money mule" in a lottery prize fraud scheme targeting senior citizens; he received money and gift cards from victims and transferred them to accomplices in Jamaica. Under the consent decree, Lake is permanently banned from participating in prize promotion fraud or any money transmission business, with the U.S. Postal Inspection Service monitoring his mail for compliance. The case represents a collaborative effort between federal authorities to dismantle fraud networks that exploit vulnerable elderly populations.
deccanchronicle.com
· 2025-12-08
A 90-year-old man in Gujarat lost his entire life savings of ₹1 crore in a digital scam when cybercriminals posing as bank officials tricked him into sharing sensitive banking details including OTPs through phone calls using fear tactics and technical jargon. The fraud was discovered by his family when they noticed unauthorized transactions, and police and the cybercrime cell launched an investigation to trace the perpetrators who used fake caller IDs and cloned websites. The incident underscores the vulnerability of elderly individuals to digital fraud and the need for greater cybersecurity awareness among seniors.
mustsharenews.com
· 2025-12-08
A 67-year-old Singapore woman lost S$1.2 million (approximately USD $890,000) to scammers who impersonated OCBC Bank and police officers, claiming her account was involved in money laundering. Over 14 transfers made between May and June, she was deceived by forged documents and instructions delivered via WhatsApp, initially hiding her actions from relatives and bank staff by providing false explanations. The scam was uncovered by an OCBC investigator who grew suspicious of the "Datatronics" account receiving large transfers, leading to police intervention that ultimately made the victim realize she had been defrauded.
timesofindia.indiatimes.com
· 2025-12-08
A 75-year-old retired ship captain from Mumbai lost Rs 11.1 crore (approximately $1.3 million USD) to scammers operating through a fake WhatsApp group impersonating a financial services company between August and October. The victim was lured into downloading a fraudulent trading app and made 22 transactions over two months, with scammers justifying multiple bank accounts and repeated payment requests as tax-saving measures and service fees. Police registered a case and identified bank accounts across multiple Indian banks and cities, with investigators suspecting a coordinated fraud network; the article also provides protective measures including adjusting WhatsApp privacy settings, verifying investment sources,
timesofindia.indiatimes.com
· 2025-12-08
A retired Navy Commodore in Bhopal lost Rs 68.49 lakh (approximately $82,000 USD) to a sophisticated "digital arrest" cyber-scam in January 2024, making him the first reported victim of this scam in the city. The fraudsters, operating from Southeast Asia, impersonated Indian government officials and used fake documents, RBI-stamped letters, and Skype communications to convince the officer that his Aadhaar ID was linked to drug trafficking and money laundering, coercing him to transfer funds in three installments as "security verification" before cutting off contact. The victim emphasized that the criminals conducted extensive research on him an
mirror.co.uk
· 2025-12-08
This educational article by consumer rights expert Martyn James advises readers on protecting themselves from fraud during peak shopping seasons. Key protective strategies include: remaining skeptical of anything online (websites, messages, calls, logos), avoiding impulsive responses to unsolicited communications, and contacting businesses directly through official channels rather than clicking links in emails or texts. The article notes that while £1.17 billion was stolen through fraud in the UK last year, £1.2 billion was prevented by financial institutions, and new regulations now require businesses to refund victims of "push payment fraud" in most circumstances.
newsbreak.com
· 2025-12-08
An Ohio man lost his entire life savings of $425,000 in a cryptocurrency fraud scam that began in October 2023 when scammers posing as tech support convinced him to grant remote access to his computer after falsely claiming his retirement account was compromised. Federal investigators used blockchain analysis to track and recover 947,883 USDT cryptocurrency tokens (valued at approximately $947,883) in July 2024, and filed a civil forfeiture complaint in November 2024 seeking to return the funds to the victim.
headtopics.com
· 2025-12-08
An elderly man was defrauded through an AI-enabled romance scam involving impersonation of actress Jennifer Aniston, demonstrating how artificial intelligence has made scams increasingly difficult for older adults to detect. The case illustrates the growing sophistication of elder fraud and underscores the importance of family vigilance, including enabling spam filters, registering on the National Do Not Call Registry, and having regular conversations about recognizing scam red flags such as urgency, requests for secrecy, and demands for immediate payment transfers.
thegoan.net
· 2025-12-08
Senior advocate Carlos Ferreira identified systemic vulnerabilities enabling fraud in Goa, including land scams stemming from poor property record integration between Portuguese and Indian registration systems, cash-for-jobs schemes exploiting government hiring delays, and financial frauds involving both outright deception and institutional mismanagement. He proposed solutions including establishing unified public property registries, implementing timely government hiring practices, strengthening financial institution oversight, and protecting whistleblowers to combat these escalating fraud schemes.
stomp.straitstimes.com
· 2025-12-08
A 67-year-old Singapore retiree transferred $1.19 million to scammers over one month after being convinced by impersonators posing as bank officers, police, and prosecutors that she was under investigation for money laundering. The scammers deceived her into believing that five-digit numbers she entered into her banking app were "verification codes" when they were actually the transaction amounts (ranging from $90,001 to $99,999), and coached her to lie to banks about the transfers being for watches or property. The scam was detected when a bank's anti-scam investigator flagged a suspicious large transfer in late June.
timesofindia.indiatimes.com
· 2025-12-08
Students in Hyderabad are falling victim to scammers offering discounted social media verification badges (blue ticks) at roughly half the official price (around 4,000 rupees versus 6,800-8,388 rupees) through messaging apps like Telegram, with victims losing money and having their personal information compromised. Engineering college students are particularly targeted, drawn in by promises of verified accounts and earning opportunities, though many cases go unreported due to the small amounts involved. Experts recommend students only purchase subscriptions through official websites and emphasize the need for cybercrime awareness education.
thesenior.com.au
· 2025-12-08
Australia is implementing a social media ban for under-16s effective late-2025, but experts warn the measure may create a false sense of security among parents and push children toward less-regulated, potentially unsafe online spaces like gaming and messaging platforms. While Meta is tightening requirements for financial services ads to combat fraudulent investment scams, researchers emphasize that effective protection requires both better platform regulation and continued parental digital literacy education rather than bans alone.
baytoday.ca
· 2025-12-08
Grandparent or emergency scams exploit seniors' emotions by having fraudsters impersonate distressed family members, police officers, or acquaintances claiming a loved one needs immediate financial help due to accidents, jail, or other emergencies. The scammers gather personal information, demand secrecy, and pressure victims into sending cash or cryptocurrency. The Ontario Provincial Police recommend hanging up and independently verifying stories, questioning callers for details, being truthful with bank tellers about large withdrawals, and reporting suspected scams to local police or the Canadian Anti-Fraud Centre.
news9live.com
· 2025-12-08
A 26-year-old woman in Mumbai was scammed of Rs 1.7 lakh by fraudsters impersonating Delhi Police officers who falsely claimed she was involved in a money laundering investigation and threatened her with "digital arrest." The scammers forced her to strip on a video call and demanded bank transfers before she realized the deception and reported the incident to authorities. Police have registered a case and are investigating, while noting this is part of a growing trend of digital arrest fraud targeting both elderly and younger adults.
thebridgechronicle.com
· 2025-12-08
A Wagholi resident in Pune lost ₹27.46 lakh to cybercriminals who contacted him on November 4 promising work-from-home earnings, initially paying small amounts to build trust before requesting investments for higher returns. After the victim transferred the full amount, the fraudsters disappeared and their contact numbers were disconnected; a case was filed under the Information Technology Act and is under investigation by local police.
castanetkamloops.net
· 2025-12-08
A Kelowna senior named Rita fell victim to a phone scam over the summer that resulted in a significant financial loss, leaving her unable to afford adequate meals despite being a careful budgeter on a fixed income. After months of food insecurity, Rita reached out to the Central Okanagan Food Bank, which provided her with the support needed to feed herself and prepare meals for her grandchildren. This story is being shared as part of the organization's Set the Holiday Table fundraising campaign, which matches donations up to $125,000 through December 31.
zanesvilletimesrecorder.com
· 2025-12-08
A Georgia man, Emmitt Ryan Wells, was indicted on nine felonies for his role in a four-person interstate fraud scheme targeting elderly people and registered sex offenders between January and May 2024. The defendants impersonated law enforcement electronically to coerce approximately $1,582 in payments, with Wells currently held on a $300,000 bond and co-defendants facing trial dates in January 2025.
coloradoan.com
· 2025-12-08
This educational article identifies six common holiday season scams targeting online shoppers, including phishing attempts via fake delivery notifications, impersonation of delivery drivers and IRS agents, social media gift exchange schemes, and cloned emails from known contacts. The article recommends protective measures such as using secure websites (https), strong passwords, multi-factor authentication, avoiding unsecured Wi-Fi, and never clicking suspicious links or sharing personal financial information with unsolicited contacts. Key advice includes verifying sender legitimacy by examining email addresses for discrepancies and contacting the original sender through independently verified contact information.
rocklanddaily.com
· 2025-12-08
Clarkstown Parks & Recreation is hosting a Senior Scam Prevention Seminar on December 13, 2024, to educate seniors about common fraud schemes including the Grandparents Scam, IRS Scam, and Funeral Scams. The event, led by town officials and police, will provide practical tips for identifying and avoiding these fraudulent schemes, with pre-registration required due to limited space.
nj1015.com
· 2025-12-08
After her 85-year-old mother was targeted by phone scammers who eventually sent someone to her home posing as a bank representative, Gogie Padilla of Spotswood, New Jersey created "Answer Sure," a phone vetting service that launched commercially in 2020. The service reroutes incoming calls through a 24-hour call center or mobile app where callers must provide a password or phrase to reach the client; if they cannot, the call is blocked or a message is taken, with users typically seeing a significant drop in robocalls and spam within three weeks. Answer Sure is unique in offering both landline and mobile app options and has expanded nationwide with about
onlineathens.com
· 2025-12-08
Georgia ranks first nationally for fraud cases, with 1,564 fraud reports per 100,000 residents and the highest identity theft rate at 457 reports per 100,000 residents, with credit card fraud being the most common form. In 2023, Georgia seniors lost $38,989 per 1,000 residents to fraud. Prevention strategies include staying educated on common scams, creating strong passwords, taking time before decisions, verifying information, and reporting fraud to authorities.
savannahnow.com
· 2025-12-08
Georgia ranks third nationally for senior scamming, with seniors losing an average of $38,989 per 1,000 residents to fraud in 2023, according to a Retirement Living report analyzing FTC data. The report recommends seniors protect themselves by staying educated on common scams, creating strong passwords, taking time before acting, verifying information, and reporting fraud promptly.
westsidespirit.com
· 2025-12-08
Federal, state, and local authorities warn that scams targeting seniors are rising, particularly during the holiday season, with common schemes including charity fraud, grandparent scams, romance scams, tech support scams, and government impersonation scams. Authorities advise seniors to avoid phishing emails, use secure networks for online purchases, verify websites and charities before donating, and be cautious of unsolicited offers. Victims can report suspected fraud to the FBI's Internet Crime Complaint Center (ic3.gov), their state attorney general, or local law enforcement.
keranews.org
· 2025-12-08
This article profiles The Senior Source's Elder Financial Safety Center in Dallas, which helps Medicare beneficiaries navigate the complex enrollment process and avoid scams. The center serves up to 6,000 people annually, offering Medicare counseling, insurance guidance, and technology classes; since 2014, it has helped Dallas County residents avoid $65 million in scams. Medicare fraud costs the U.S. $60-90 billion yearly, and the confusion surrounding enrollment choices makes seniors vulnerable to scams, particularly via text messages, making professional guidance essential for informed decisions.
justice.gov
· 2025-12-08
David Cornejo Fernandez, a 36-year-old Lima resident, was extradited to the United States and faces federal wire fraud, extortion, and conspiracy charges for facilitating prize scams operated by Peruvian call centers from 2012-2019. The scheme targeted Spanish-speaking U.S. consumers by falsely promising prizes like tablets, then threatening victims with arrest, court proceedings, or immigration consequences to extort large payments, with Cornejo providing the technology including caller-ID spoofing, phone lines, and recordings impersonating government agencies to enhance the scams' legitimacy.
americanbanker.com
· 2025-12-08
Ian Mitchell, founder of The Knoble—a network of over 7,000 members across 600+ financial institutions dedicated to combating human trafficking, child exploitation, and elder financial exploitation—discusses his organization's mission to fight human crimes alongside law enforcement and banks. Mitchell co-founded Mission Omega, a fraud consulting firm that donates 10% of gross revenue to The Knoble while helping financial institutions address fraud vulnerabilities. Mitchell transitioned into this work after his banking career, inspired by learning that human trafficking is a financially motivated crime, and now combines his expertise with creative pursuits, including releasing purpose-driven music on Spotify.
ministrywatch.com
· 2025-12-08
Two years ago, pastor Tilo David Lopez, age 55, was arrested by the Arvada Police Department following a 14-month investigation for elder fraud, having used his contracting company, Remodeling Specialists LLC, to defraud seniors of approximately $250,000. The investigation was initiated after a complaint alleged Lopez and his company committed elder fraud through their contracting operations.
npr.org
· 2025-12-08
This educational piece features forensic accounting professor Kelly Richmond Pope discussing strategies to avoid online fraud during the holiday shopping season. Pope explains that scams increase during holidays due to higher spending volumes and consumers' heightened trust and generosity, affecting all demographics from teenagers to elderly individuals. She recommends tracking purchases via spreadsheets or phone notes, carefully scrutinizing website URLs and tone for signs of counterfeits, and independently verifying charities before providing personal or financial information.
cambridgema.gov
· 2025-12-08
The Cambridge Police Department warns of multiple holiday-themed scams targeting shoppers and donors, including fake websites offering unrealistic discounts, puppy scams (80% of sponsored pet ads may be fraudulent), gift card schemes where criminals tamper with cards or request codes, phishing emails impersonating legitimate companies, and grandparent scams targeting elders through impersonation demanding payment via gift cards or wire transfers. The advisory recommends conducting reverse image searches before pet purchases, avoiding suspicious links and emails with grammar/spelling errors, purchasing gift cards from counters rather than kiosks, and verifying unexpected delivery or emergency requests directly with known contacts.
forbes.com
· 2025-12-08
The FBI warned in 2024 that holiday shopping scams pose significant risks to consumers, with cybercriminals using sophisticated tactics like AI-generated fake websites and phishing emails to exploit the projected $260 billion in e-commerce sales. Younger shoppers aged 18-39 are 25% more likely to fall victim to scams, which include non-delivery fraud ($73 million in 2023 losses), gift card fraud ($148 million in losses), and fake charity schemes that exploit seasonal generosity. Consumers should be vigilant about suspicious deals, verify seller legitimacy, and avoid sharing sensitive information like gift card PINs with unknown parties.
localnews8.com
· 2025-12-08
Adults over 60 lost $3.4 billion to scams in 2023, with over 101,000 elderly individuals compromised through romance, tax, and emergency impersonation scams, according to the Internet Crime Complaint Center. Financial experts warn that scammers increasingly exploit elderly people through online methods by establishing false relationships, impersonating the IRS or law enforcement, and pressuring victims into sending money or personal information. Key protective measures include verifying online contacts through photo searches, moving slowly in new relationships, never sending money to online-only contacts, and remaining skeptical of individuals who avoid in-person meetings or request financial information.
prnewswire.com
· 2025-12-08
FightCybercrime launched an online resource center to educate young adults on preventing gift card scams targeting elderly and vulnerable populations, which cost consumers over $215 million in 2023 according to the FTC. The campaign provides families with guidance on recognizing scams (including "family emergency" imposter scams), protecting gift cards from tampering, and avoiding sharing card numbers or PINs with unknown parties. The initiative aims to empower Millennials and Gen Z to help their aging relatives stay safe during the holiday season when gift card scams peak.
saultthisweek.com
· 2025-12-08
Sault Ste. Marie Police Service warned of a surge in "grandparent scams" targeting local seniors, in which fraudsters impersonate grandchildren or their lawyers and demand $5,000-$10,000 under the pretense of emergency bail or legal fees, arranging courier pickup of cash. The scammers exploit urgency and spoof caller ID to appear legitimate, but police advise victims to hang up, verify stories with personal questions, contact family independently, and never share money or information without confirming details through trusted contacts.
columbiabasinherald.com
· 2025-12-08
Local and federal authorities warn that scam attempts increase during the holiday season, with criminals using text messages, phone calls, and emails to target victims through blackmail, charity fraud, debt collection schemes, grandparent scams, and other deceptive tactics. Common red flags include unsolicited contact using fear or emotional manipulation to pressure victims into sending money via untraceable methods like gift cards or cryptocurrency. Authorities recommend verifying the legitimacy of charities through trusted resources, being skeptical of unsolicited requests, and hanging up if something sounds suspicious rather than providing personal or financial information.
12newsnow.com
· 2025-12-08
The FBI warns consumers during Cyber Monday shopping season to be vigilant against common scams targeting older adults, including cryptocurrency investment schemes, tech support fraud, and social media scams featuring unrealistic deals and fake contests. Elder fraud increases during the holiday season when seniors give gifts and donate to charity, though younger people can also fall victim to social media-based schemes. Suspected scams should be reported to banks or local law enforcement.
clarksvilleonline.com
· 2025-12-08
Senator Marsha Blackburn warned during a Senate hearing that seniors are increasingly targeted by AI-enabled fraud and scams, with criminals using sophisticated tools like personalized phishing emails and chatbots to deceive consumers at scale. The FTC reported that scams cost Americans $10 billion over the last 12 months, with AI driving much of this increase. Blackburn called for Congress to pass legislation establishing online privacy standards and stronger protections for consumers in the digital space.
mcknightsseniorliving.com
· 2025-12-08
The FTC expanded the Telemarketing Sales Rule to cover inbound calls for technical support services, addressing a major threat to older adults who lost $175 million to tech support scams last year. The rule amendment protects consumers who call companies in response to deceptive pop-up alerts and advertisements claiming their devices are infected, preventing scammers from using hard-to-reverse payment methods like wire transfers and gift cards. This update allows the FTC to hold fraudulent tech support businesses accountable, as consumers aged 60 and older are five times more likely than younger people to fall victim to these scams.
edmo.eu
· 2025-12-08
A widespread Facebook scam offering quick "2-minute health assessments" targeted nearly 1,000 people across Nordic countries (Denmark, Sweden, Norway, and Finland) from summer through fall. Users were lured by targeted ads to websites where they entered personal health information, then received generic health reports and invoices ranging from 669 DKK (Denmark) to 899 NOK (Norway), with subsequent debt collection threats for non-payment; the scam, which originated from a Hungarian operator, used 14 localized websites across six languages and deliberately obscured payment terms in fine print.
express.co.uk
· 2025-12-08
Harold Richardson, 75, from Kent, lost £4,000 in a Microsoft impersonation phone scam in which fraudsters convinced him to grant remote access to his computer, allowing them to steal personal information and banking details. Though he eventually recovered most of the money, the process was lengthy and caused significant stress. The article notes that phone scams are widespread in Britain, with adults aged 35-55 actually losing the largest average amounts (£1,826), and recommends using the "Stop, Check, and Call Back" method to verify unexpected callers before sharing any personal information.
finextra.com
· 2025-12-08
Multiple U.S. financial regulators issued a joint statement highlighting that approximately $27 billion in suspicious activity reported to FinCEN over one year (ending June 2023) was linked to elder financial exploitation. The statement emphasizes that financial institutions must implement risk management practices including employee training, transaction monitoring, suspicious activity reporting, and coordination with law enforcement to protect vulnerable older adults from losing their life savings and financial security. Recommended protective measures include establishing trusted contact designations, using transaction holds when appropriate, and increasing consumer awareness through outreach.