JACKSON, Tenn. (WBBJ) – The Better Business Bureau is warning older adults to be more cautious. According to the FTC’s latest annual report on the impact of scams on older adults, total fraud losses skyrocketed from $600 million in 2020 to $2.4 billion in 2024, but experts say since most scams are never reported, the...Read More
DES MOINES, Iowa (KCRG) – A new Iowa law that will take effect on July 1 aims to help protect senior citizens from financial fraud. The Iowa Insurance Division says that the bill allows insurance companies to temporarily halt any suspicious transactions where elder exploitation is suspected. They cited 42 instances of suspicious securities transactions...Read More
(Feature Impact) The first sign is unexpectedly losing access to your cell phone. Soon after, when you connect to Wi-Fi, the gravity of the situation sinks in: a criminal has gained access to your cell phone number and is trying to siphon money from your credit cards and bank accounts. The scam is called SIM...Read More
Next to pharmaceutical ads, you can’t escape ads aimed at older Americans. Whether it’s about healthcare, home maintenance, or life insurance, seniors are targeted by many organizations. However, not all these products and services are on the level. Because of their trusting nature, lack of experience with technology or distance from family members, seniors can...Read More
For Release: 06/25/26 11:32 AM
Millions of older Americans lose money to unscrupulous scammers each year. From fake tech support to romance swindles, nearly four in 10 adults have fallen victim to scammers and millions more worry they will become victims. Join Renee Shaw and a panel of experts as they examine...Read More
The fraud involves criminals making ‘deepfake’ videos that appear to be investment endorsements by celebrities and politicians. Pat Foran reports. An Ontario woman is sharing her story after she invested over $900,000 in a cryptocurrency platform that turned out to be fake. It was in the summer of 2025 when 86-year-old Judy Skene of Sault...Read More
Last week, the patrons who attended the Bloomfield Senior Center talked about fraud and scams, and how to prevent them. “Unfortunately, our elderly population falls victim to romance, medical, internet, IRS, Bit Coin and phone scams daily,” Jolene Myers of Milestones Area Agency on Aging said. The seniors at the Bloomfield Senior Center are asking...Read More
The Better Business Bureau is encouraging older adults and their families to take steps to protect themselves from scams during Alzheimer’s and Brain Awareness Month. The organization says people living with Alzheimer’s disease or dementia may be more vulnerable to fraud because conditions affecting memory and decision-making can make it harder to recognize scams. BBB...Read More
Older Americans lost billions of dollars to scams last year, with imposter schemes, investment fraud, and tech-support scams among the most costly. Criminals increasingly use artificial intelligence, spoofed phone numbers, and social media to make scams appear legitimate. Experts say the best defense is slowing down, independently verifying requests, and never sending money or personal...Read More
Philippine authorities arrested a senior member of Japan’s “Luffy Group,” a transnational crime syndicate accused of running large-scale fraud operations targeting Japanese citizens. The suspect, wanted under a Tokyo court warrant, was detained in Makati City and is facing deportation proceedings, according to local authorities. Investigators said the group operated sophisticated scams by impersonating Japanese...Read More