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straitstimes.com
· 2025-12-08
The U.S. Secret Service's Global Investigative Operations Center (GIOC) has seized nearly $400 million in digital assets over the past decade by investigating cryptocurrency investment scams and related digital crimes. The team uses open-source tools and blockchain analysis to trace fraudulent activities across borders, such as fake investment platforms that lure victims with small initial profits before disappearing with their money, as well as extortion schemes involving cryptocurrency payments. The Secret Service has expanded its efforts globally, conducting training workshops in over 60 countries to help local law enforcement and prosecutors identify and combat digital financial crimes.
gulfnews.com
· 2025-12-08
Dubai Police warns the public against transferring unexpected bank deposits from unknown sources, as criminals use this method to launder money from illegal activities like fraud, theft, and drug trafficking. Transferring such funds to another account, even if the caller claims it was sent by mistake or provides emotional justification, can make the recipient legally liable as an accomplice to the crime. The advised response is to leave the money untouched, report it immediately to your bank and police through Dubai Police's e-Crime platform, and never rely on the caller's explanation regardless of the stated reason.
golocalprov.com
· 2025-12-08
A Boston truck repair company, Middlesex Truck and Coach, discovered that Chase Bank had fraudulently opened an account under its name without identification verification, which was then used by foreign scammers to collect proceeds from victims of "pig-butchering" schemes—elaborate investment scams that defraud victims of hundreds of thousands of dollars. The account was part of a sophisticated international money laundering operation linked to Asian crime syndicates that funnel stolen U.S. funds through fake bank accounts and cryptocurrency, with pig-butchering scams alone generating an estimated $44 billion annually across Southeast Asia and affecting millions of victims worldwide.
foxnews.com
· 2025-12-08
Social Security Administration phishing scams use urgent, alarming messages impersonating government agencies to trick recipients into clicking malicious links or downloading files that steal personal data or install malware. These scams leverage fear and false authority by falsely claiming SSNs are suspended due to serious crimes like money laundering, and often include multiple geographic references and official-sounding details to overwhelm victims into panic-driven action before they can verify the threat.
onesafe.io
· 2025-12-08
In 2024, Americans lost $9.3 billion to crypto-related scams, prompting the US Secret Service to seize nearly $400 million in cryptocurrency through their Global Investigative Operations Center using blockchain analysis techniques. The article highlights the rising threat of crypto fraud—including romance scams and fake investment platforms—and recommends that companies implement advanced fraud detection, strengthened identity verification, and real-time transaction monitoring to protect digital assets. The Secret Service has also trained officials from over 60 countries on combating online financial crimes as part of a broader international effort to combat crypto fraud.
ainvest.com
· 2025-12-08
The US Secret Service has seized nearly $400 million in digital assets over the past decade by tracking cryptocurrency fraud schemes, with crypto scams now representing the top driver of US internet crime losses at $9.3 billion stolen in 2024. Common schemes include fake investment platforms that show initial profits before disappearing with deposits, romance-investment scams, and sextortion cases, with the agency using blockchain analysis and open-source tools to identify perpetrators across multiple jurisdictions. The Secret Service has trained law enforcement in over 60 countries and coordinated with crypto exchanges like Tether to freeze wallets and recover stolen assets, including a notable $225 million recovery linked to romance scams.
cointelegraph.com
· 2025-12-08
The US Secret Service has seized nearly $400 million in cryptocurrency over the past decade through investigations into digital asset scams, with analysts using blockchain analysis and VPN tracking to identify fraudsters operating romance-investment schemes and sextortion plots. In 2024, Americans reported $9.3 billion stolen in crypto fraud—more than half of all internet crime losses—with the agency training officials in over 60 countries to combat these crimes, which often involve scammers posing as attractive individuals to lure victims into fake investment platforms that disappear with deposits.
ainvest.com
· 2025-12-08
The U.S. Department of Justice seized $225.3 million in cryptocurrency linked to a romance scam syndicate that defrauded over 430 victims, marking the largest cryptocurrency seizure in U.S. Secret Service history. The scam involved criminals convincing victims to invest in fraudulent crypto platforms and then laundering the funds through the OKX exchange, with operations coordinated from the Philippines. This enforcement action highlights the growing trend of crypto-based romance and investment scams and is expected to prompt tighter regulatory compliance measures and anti-money laundering standards at centralized cryptocurrency exchanges globally.
ainvest.com
· 2025-12-08
Charles Uchenna Nwadavid, a 35-year-old, admitted to orchestrating a romance scam that defrauded at least six women across multiple states of millions of dollars by posing as different men (including "Williams Moore" and "Manuel Sykes") claiming to need financial help due to oil rig injuries. Victims from Florida, Massachusetts, New Jersey, and Kansas were manipulated into opening cryptocurrency accounts and transferring funds totaling millions, with individual losses ranging from $235,000 to $896,000, which Nwadavid then laundered through his own Bitcoin wallets. The case reflects a broader trend of romance fraud, with the
yahoo.com
· 2025-12-08
Charles Uchenna Nwadavid, a 35-year-old married Nigerian real estate worker, pleaded guilty to running a sophisticated romance scam that defrauded six women across Florida, Massachusetts, New Jersey, and Kansas of approximately $1.88 million between January and June 2019. Using fake identities, he posed as men working on oil rigs or in overseas positions, love-bombing vulnerable victims and convincing them to send money for medical emergencies or travel expenses, with one victim losing over $896,000. The case reflects a broader epidemic of romance scams targeting older adults, with the FBI reporting nearly 18,000 complaints in 2024
newskarnataka.com
· 2025-12-08
A 66-year-old retired teacher in Telangana lost ₹10.2 lakh to a "digital arrest" scam in which fraudsters impersonated police and CBI officials via phone calls and WhatsApp video, using forged documents to coerce him into transferring money. The victim realized the deception only after consulting with friends and subsequently filed a complaint with cybercrime police, who have launched an investigation.
fortune.com
· 2025-12-08
A 35-year-old Nigerian man, Charles Uchenna Nwadavid, pleaded guilty to operating a romance scam that defrauded six women across Florida, Massachusetts, New Jersey, and Kansas of approximately $1.88 million between 2019 and 2024. Using fake identities such as "Williams Moore," "Manuel Sykes," and "Edward Nowak," Nwadavid posed as an oil rig worker and other professionals to build romantic relationships with vulnerable women online, then solicited money under false pretenses including medical emergencies and inheritance claims. The case highlights the growing threat of romance scams targeting women over 60, which
wdrb.com
· 2025-12-08
A 36-year-old Canadian citizen, Jia Hua Liu, was arrested at Louisville Muhammad Ali International Airport in July after a multi-state scam targeting elderly victims, with confirmed losses exceeding $309,000 across Indiana, Ohio, New Mexico, and Tennessee. In the initial Charlestown, Kentucky case, an elderly resident was defrauded of $27,000 after being tricked into withdrawing funds from his retirement account; three additional elderly victims in Indiana, Kentucky, and Michigan were nearly victimized for an additional $70,000 before family members intervened. Liu was charged with theft, fraud, conspiracy, and money laundering, and police believe there are
lincolnparishjournal.com
· 2025-12-08
This article by law enforcement veteran Wesley Harris contrasts traditional in-person scams targeting seniors—such as the "found money" handkerchief scheme, driveway paving fraud, and fake bank examiner con—with modern technology-based fraud that operates remotely via text messages, phishing links, and compromised payment cards. Harris illustrates how contemporary scams are more difficult to combat because criminals operate from abroad and are largely beyond law enforcement reach, while noting that victims often fail to report crimes due to embarrassment. The article advises consumers to scrutinize suspicious messages for red flags before clicking links or providing personal financial information.
wlky.com
· 2025-12-08
A 36-year-old Canadian man, Jia Hua Liu, was arrested at Louisville's Muhammad Ali International Airport after police connected him to impersonation scams targeting seniors across multiple states including Indiana, Ohio, New Mexico, and Tennessee. Liu allegedly defrauded victims of approximately $400,000 by posing as a Department of Treasury employee and convincing them to withdraw money from retirement accounts, with one documented victim losing $27,000. Police are continuing to identify additional victims and investigate co-conspirators believed to be in other countries.
amac.us
· 2025-12-08
Older Americans are increasingly targeted by fraud schemes, with seniors losing over $3.4 billion in 2023—an average of $33,915 per victim—according to the FBI's 2023 Elder Fraud Report. Many of these scams, including impersonation schemes and "pig butchering" cryptocurrency frauds, are allegedly coordinated or tolerated by the Chinese Communist Party, with recent indictments in Ohio and California involving Chinese nationals charged with defrauding elderly victims out of thousands to millions of dollars. Experts emphasize that only 10-15 percent of senior fraud victims report their losses, suggesting the actual problem is far larger than reported figures indicate
ainvest.com
· 2025-12-08
**Summary:**
Two UK men, Raymondip Bedi and Patrick Mavanga, were sentenced to a combined 12 years in prison for operating a cryptocurrency fraud scheme between 2017 and 2019 that defrauded victims of over $2 million. The pair posed as financial advisers, cold-called inexperienced investors, and directed them to fake cryptocurrency websites through companies CCX Capital and Astaria Group LLP, causing severe financial and emotional harm to victims, some of whom lost their life savings. The case highlights the challenges in enforcing crypto regulations, as the prosecution took years to complete due to FCA case backlogs.
tradingview.com
· 2025-12-08
The U.S. Secret Service has become a major cryptocurrency custodian after seizing nearly $400 million in digital assets from various crypto scams over the past decade, including romance scams and investment frauds that use psychological manipulation and fake websites to defraud victims. The agency employs blockchain forensics and international collaboration—training officers in over 60 countries—to trace and recover stolen funds, with notable successes including the recovery of $225 million in USDT from a romance-investment scam network. Despite these efforts, crypto crime continues to surge, with investors losing $2.2 billion in the first half of 2025, primarily through wallet hacks and phishing attacks.
timesofindia.indiatimes.com
· 2025-12-08
A restaurant manager in Mumbai's Borivli neighborhood was arrested for operating a dating scam in conspiracy with 21 conartists from Delhi and Ghaziabad. The scheme involved creating fake female profiles on dating apps to lure victims to the restaurant, where inflated bills (up to Rs 35,000) were presented and payments diverted to private UPI accounts, with the restaurant staff receiving a cut of proceeds. Police arrested 22 individuals total and recovered equipment worth Rs 3.7 lakh, though they suspect multiple victims across locations have not reported the fraud.
mirror.co.uk
· 2025-12-08
A UK survey of 1,000 adults found that 60% have had to help elderly relatives stay safe online, with 41% believing their older loved ones could be duped by scammers. The study revealed that 26% of older Brits have encountered scams and 21% have been victims of financial fraud, with common unsafe practices including clicking dubious links (68%), answering unknown calls (60%), and using simple passwords (51%). Experts emphasize that digital safety education and family conversations about cyber threats are essential to protecting vulnerable seniors from evolving online scams.
jdsupra.com
· 2025-12-08
The Department of Justice issued a memorandum outlining its white-collar crime enforcement priorities, which include fraud targeting government programs (Medicare, Medicaid, defense spending), complex market frauds (Ponzi schemes, investment fraud, and elder fraud), trade and customs violations, and national security-related financial crimes involving foreign adversaries. The DOJ also prioritized money laundering, drug manufacturing-related crimes, and violations of controlled substances laws, while noting that corporate misconduct may be addressed through individual prosecution or civil remedies rather than corporate criminal charges, with reduced penalties offered for companies that self-disclose and cooperate with the department.
express.co.uk
· 2025-12-08
A UK poll of 1,000 respondents found that 41% of those with older loved ones believe they would fall for a scam if targeted, with 26% of older Brits having already experienced a scam and 21% falling victim to financial fraud. Common risky online behaviors among seniors include clicking suspicious links (68%), answering unknown calls (60%), oversharing personal information (55%), using weak passwords (51%), and poor password management practices such as writing them down or reusing them across accounts. Experts emphasize that online safety education and intergenerational conversations about cyber security are critical to protecting vulnerable older adults from increasingly sophisticated threats.
signalscv.com
· 2025-12-08
Ehis Lawrence Akhimie, a 41-year-old Nigerian national, pleaded guilty to operating a transnational inheritance fraud scheme that defrauded over 400 elderly and vulnerable Americans of more than $6 million. The scheme involved sending personalized letters falsely claiming to represent Spanish banks and promising nonexistent inheritances, then convincing victims to send upfront fees for taxes and delivery costs through a network of U.S.-based intermediaries. Akhimie faces a maximum 20-year prison sentence, and the case highlights the broader crisis of elder fraud in the U.S., with 147,127 complaints totaling $4.
13abc.com
· 2025-12-08
I don't have enough information to write a summary for the Elderus database based on this content. While one item mentions identity fraud charges against Angus F. Blaze, the snippet lacks essential details such as the victim's age, the amount stolen, the specific fraud method, and the outcome. The other headlines concern weather, homelessness, and drug incidents—none of which relate to elder fraud. Please provide the full article text or a more complete excerpt focused on elder fraud or abuse for an accurate summary.
news5cleveland.com
· 2025-12-08
Scammers are targeting travelers using sophisticated tactics that exploit emotions like panic and urgency. Michele Smolin, a frequent flyer and attorney, lost $285 after receiving a fake airline cancellation email with a fraudulent rebooking fee, and a travel agent paid $265 in a similar scam involving fake airline contact information. Key prevention methods include verifying URLs carefully, calling airlines directly using official numbers, and taking time to verify unexpected communications rather than acting in panic.
abc7chicago.com
· 2025-12-08
Scammers impersonating celebrities, particularly using fake Elon Musk identities, are defrauding victims through cryptocurrency investment schemes that employ AI voice cloning and deepfake technology. Richard Lyons, a Vietnam veteran, lost $10,000 to a fraudster posing as Musk on social media, who used fake caller ID spoofing, AI-generated voice messages, and a fraudulent investment webpage showing fake profits to convince him to send crypto. The FBI reports that cryptocurrency scams resulted in $9 billion in losses in 2024, with $6 billion specifically lost to people tricked into sending funds to fraudsters, and advises potential victims to
bankingjournal.aba.com
· 2025-12-08
Over one-third of Americans have experienced financial fraud since January 2024, with baby boomers and Generation X most vulnerable, and phishing scams alone costing consumers $12.5 billion in 2024—a 25% increase from the prior year. Romance scams and relationship investment schemes are particularly prevalent, with fraudsters building trust through social media and dating platforms before exploiting victims. Banks are urged to implement multi-layered defenses including real-time transaction monitoring, staff training with clear communication, fraud playbooks, and directing victims to support resources like the BBB Scam Survival Toolkit and AARP's Fraud Support Group.
cbc.ca
· 2025-12-08
A Montreal woman lost $14,510 to a bank investigator scam where fraudsters spoofed an RBC phone number and convinced her to make account changes while logged into her banking app, claiming to protect her from fraud; RBC initially denied her refund claim, stating she was responsible because she actively participated in the transactions. The Canadian Anti-Fraud Centre reported 677 victims of this scam in the first half of 2024 with $11.7 million in losses—nearly double the previous year—while Montreal police identified at least 220 RBC customers victimized with estimated losses of $1.5 million.
pa.gov
· 2025-12-08
Pennsylvania Governor Josh Shapiro signed SB 649 into law, establishing third-degree felony charges for using artificial intelligence to create non-consensual deepfakes or voice clones to defraud or harm residents. The law specifically targets AI-generated scams affecting older adults, such as fake grandchild voice impersonations used to extort money, with Pennsylvania's Department of Aging reporting nearly 18,500 financial exploitation cases in FY 2023-24—nearly double the number since 2017. This legislation strengthens protections for Pennsylvania's fifth-largest older adult population by giving law enforcement new tools to prosecute AI-driven fraud schemes.
ctvnews.ca
· 2025-12-08
This article does not appear to contain content relevant to elder fraud, scams, or elder abuse. The article headlines cover topics including police investigations into violent incidents, homelessness policy, healthcare access, building restoration, and nuclear safety—none of which relate to fraud or elder exploitation. Unable to provide an Elderus-relevant summary.
investopedia.com
· 2025-12-08
A 74-year-old Ohio woman with no criminal history, Ann Mayers, robbed a credit union at gunpoint in April 2024 after losing her life savings to an online scam in which a fraudster posing as a U.S. Customs official convinced her to send thousands of dollars; she also borrowed $65,000 from a friend to cover what she believed were legitimate fees. Mayers was arrested within two hours, confessed immediately, and was sentenced to 4–5.5 years in prison after pleading guilty, highlighting how financial fraud can drive vulnerable individuals to desperate and criminal actions.
local.aarp.org
· 2025-12-08
In 2023, fraud cost Americans an estimated $158.3 billion according to the FTC—equivalent to $434 million daily—with consistent year-over-year increases in reported fraud incidents. Recognizing this crisis, policymakers and organizations including AARP and the Aspen Institute are developing a national fraud strategy, while the newly launched National Elder Fraud Coordination Center aims to investigate and prosecute fraud criminals using organized crime investigative techniques. The article emphasizes that individuals can help combat fraud by reporting scams and educating others to prevent victimization.
justice.gov
· 2025-12-08
Michel Duarte Suarez, a 50-year-old Cuban national, pleaded guilty to orchestrating a scheme from Panama to steal approximately $803,000 from an 82-year-old victim's bank account over four months using forged checks and fraudulent signatures. Suarez and his South Florida-based co-conspirators laundered the stolen proceeds through his Miami company, Online Electronics, with co-conspirators returning 50% of the fraud to Suarez. He faces up to 30 years in prison on charges of conspiracy to commit bank fraud and mail fraud, plus a mandatory additional two years for aggravated identity theft, with sentencing scheduled for September 29, 2025
cbsnews.com
· 2025-12-08
James and Maureen Wilson of Baltimore County were sentenced to 12 and 4 years in prison, respectively, after defrauding insurance companies of over $20 million through a 25-year scheme involving more than 40 fraudulent life insurance policies and money laundering across multiple accounts and trusts. The couple was ordered to pay $16 million in restitution to victims, $2.7 million to the U.S., and forfeit nearly $14.8 million. The case highlights a broader problem in Maryland, where the FBI reported that over 3,200 residents over 60 lost $80 million to scams in 2024.
gillibrand.senate.gov
· 2025-12-08
In 2024, American consumers lost more than $12.5 billion to fraud, with older adults losing a record $4.8 billion, according to FBI data. Senators Gillibrand and Warren called for a Government Accountability Office investigation into how recent federal budget cuts—including the elimination of 90% of the Consumer Financial Protection Bureau's staff—have impaired the government's ability to protect seniors from scams and implement recommended inter-agency coordination measures. The senators cited testimony from fraud victims whose losses resulted in devastating financial and health consequences.
states.aarp.org
· 2025-12-08
Fraud theft in the United States reached an estimated $158.3 billion in 2023, equivalent to $434 million daily, according to the Federal Trade Commission. In response to the escalating fraud crisis, new initiatives are emerging, including the Aspen Institute's national fraud strategy (with AARP involvement) and the April launch of the National Elder Fraud Coordination Center, which applies organized crime investigation techniques to build cases against fraud perpetrators. The article emphasizes that individuals play a crucial role by reporting suspected scams and sharing information about fraud schemes to protect potential victims.
hollywoodreporter.com
· 2025-12-08
A 73-year-old woman in the rural South lost approximately $100,000 in bitcoin to scammers impersonating actor Kevin Costner over several months, luring her with romantic messages and promises of a production company job before standing her up at a hotel meeting. The scam is part of a larger billion-dollar celebrity impersonation scheme that exploits lonely victims through AI-generated deepfakes, fake messaging accounts, and social media, prompting Hollywood to pursue legislation like the "No Fakes Act" to protect artists' likenesses and voices from unauthorized use.
nwestiowa.com
· 2025-12-08
Romance scams involve criminals creating fake personas on dating sites and social media to build false relationships and extract money from victims through emotional manipulation and fabricated emergencies. The Federal Trade Commission estimates approximately 64,000 Americans lost $1.14 billion to romance scams in 2023, with seniors—particularly widowed and divorced individuals—being frequent targets. Red flags include refusal to meet in person or video call, rapid escalation of romantic declarations, requests to move to private messaging platforms, and endless excuses for financial assistance, with some victims also being coerced into becoming "money mules" for money laundering schemes.
fox43.com
· 2025-12-08
A senior living resident in Silver Spring Township, Pennsylvania was targeted by a scam in which a man impersonating an FBI agent demanded $27,000 in cash to prevent her arrest. A relative recognized the fraud and alerted police, who arrested a 39-year-old suspect at the victim's home before the money was handed over; the suspect was charged with theft by deception and criminal conspiracy. Authorities are investigating similar incidents in coordination with federal agencies and remind the public that legitimate law enforcement never demands cash or gift cards over the phone.
globalnews.ca
· 2025-12-08
The RCMP arrested Gareth West, 38, on July 4 in Quebec, alleging he was the ringleader of a grandparent scam that defrauded American seniors of $21 million between summer 2021 and June 2024. West and 24 other Canadians operated call centers near Montreal, impersonating grandchildren in distress and lawyers to convince elderly victims in 40+ U.S. states to send bail money, which was then transferred to Canada via cash delivery and cryptocurrency. West faces up to 40 years in prison if convicted and is being held pending possible extradition to the United States.
mainlinemedianews.com
· 2025-12-08
Con artists continuously develop new scams targeting seniors, with recent tactics including AI-based fraud, unpaid toll/fine texts, investment schemes, and romance scams, while older methods like the grandparent scam remain prevalent. One in ten older adults in the U.S. experience financial exploitation annually, losing billions in retirement savings, prompting support for the bipartisan Senior Security Act of 2025. Experts advise seniors to never share information via unsolicited calls or texts, verify requests independently through official channels, and remain skeptical of requests that seem too good to be true or create urgency through fear.
ktvz.com
· 2025-12-08
James and Maureen Wilson of Baltimore County were sentenced to 12 and 4 years in prison, respectively, for operating a 25-year insurance fraud and money laundering scheme that defrauded insurance companies and investors of over $20 million. The couple opened more than 40 fraudulent life insurance policies, laundered proceeds through multiple bank accounts and trusts, and failed to report approximately $7.7 million in income on tax returns; they were ordered to pay $16 million in restitution and forfeit nearly $14.8 million.
nbcpalmsprings.com
· 2025-12-08
An elderly woman in Adams County, Pennsylvania was defrauded of $16,000 by scammers impersonating Microsoft IT support who convinced her to purchase Bitcoin and Walmart gift cards. Pennsylvania State Police are investigating the case, which represents a common elder fraud scheme combining tech support impersonation with cryptocurrency and gift card payment methods.
foxnews.com
· 2025-12-08
Fake agent phone scams are sweeping across the United States, with scammers impersonating federal agencies like the FBI and US Marshals using caller ID spoofing to demand immediate payment via untraceable methods like gift cards or cryptocurrency, claiming victims have frozen Social Security numbers, jailed relatives, or missed jury duty summons. Victims across numerous states have lost thousands of dollars, with some scammers even appearing in person, and the threat is escalating as text-based "smishing" attacks surge and experts warn of potential AI voice cloning tactics. To protect yourself, hang up immediately on such calls, never pay via gift cards or cryptocurrency, and remember that legitimate government agencies never demand payment
wgal.com
· 2025-12-08
I cannot provide a summary of this article as requested because the transcript does not contain information about the scam mentioned in the title. The provided text is a news broadcast that covers weather, traffic, storms, flooding, and unrelated incidents, but does not include any content about the senior scam arrest referenced in the headline. To create an accurate summary for the Elderus database, I would need the actual article content about the $27,000 scam attempt.
oswegocountytoday.com
· 2025-12-08
Senators Gillibrand and Warren demanded that the Trump administration explain how federal budget cuts to agencies like the CFPB, FBI, FTC, and Federal Reserve will impact elder fraud protection, following a GAO report recommending enhanced inter-agency coordination against scams. American consumers lost over $12.5 billion to fraud in 2024, with older adults alone losing a record $4.8 billion, yet the administration fired approximately 1,500 CFPB employees (90% of staff) and reduced personnel at other protective agencies.
local21news.com
· 2025-12-08
A Cumberland County, Pennsylvania senior was nearly defrauded of $27,000 after receiving a phone call from someone impersonating an FBI agent who demanded cash payment to avoid arrest. The victim withdrew the money as instructed, but her son recognized the scam and alerted police, who arrested a 39-year-old man attempting to collect the payment and charged him with theft by deception and conspiracy. The FBI and ICE are investigating similar incidents in the area.
wdet.org
· 2025-12-08
Chase Bank partnered with the Detroit Police Department to conduct financial wellness workshops for metro Detroit seniors in summer 2025, addressing a significant fraud problem in the region. Michigan residents lost over $200 million to fraud in 2024, with adults 60 and older filing the most fraud complaints and averaging $83,000 in losses per victim; the most common scams impersonate government agencies like the IRS, Medicare, and Social Security. Chase's workshops aim to educate seniors on recognizing warning signs and provide resources for financial protection, while noting that over 40% of scammers targeting seniors are adult children or people known to the victims.
mcknightsseniorliving.com
· 2025-12-08
Two U.S. senators requested a Government Accountability Office investigation into how federal job cuts will impact agencies protecting older adults from fraud, citing $12.5 billion in total consumer fraud losses and $2.3 billion specifically targeting seniors in 2024. The request follows an April GAO report recommending enhanced interagency coordination among the FBI, Treasury, FTC, Federal Reserve, and CFPB to combat scams, but comes as the Trump administration's Department of Government Efficiency pursues significant agency cuts, including nearly 90% staff reduction at the CFPB. The senators expressed concern that these cuts will undermine the federal government's ability to implement fraud protection recommendations and serve vulnerable older
sumnercountysource.com
· 2025-12-08
On July 10, 2025, Johnny Ray Jackson, 55, was sentenced to ten years (at 45%) plus nine years of supervised probation for impersonating a licensed professional and illegally selling insurance in Sumner County, Tennessee, despite having his license revoked in 1999 for prior fraudulent conduct. Jackson fraudulently transferred an elderly client's annuity funds without consent, netting himself over $3,000 in commissions while causing substantial financial harm to the victim. The court determined Jackson posed a continuing risk to the community and immediately remanded him into custody.