WASHINGTON–The Defense Credit Union Council Tuesday sent a letter to Senate Special Committee on Aging Chairman Rick Scott and Ranking Member Kirsten Gillibrand ahead of the hearing, “Empowering Seniors Through Financial Literacy: Tools to Protect Savings, Prevent Fraud, and Promote Independence.” In the letter, DCUC stressed the growing threat of financial fraud targeting older Americans, including...Read More
The Hamilton Police Service Crimes Against Seniors Unit has arrested and charged a woman in connection with a fraud targeting an elderly victim through a “bank investigator” scam. The victim received a phone call from an individual impersonating a bank investigator, who claimed the victim’s account had been flagged for money laundering. The caller instructed...Read More
More than 1 million older adults lost almost $2 billion in the past year due to fraud schemes targeting them, according to the Department of Justice’s annual report on elder abuse and fraud. The DOJ’s “Annual Report to Congress on Department of Justice Activities to Combat Elder Fraud and Abuse” report to Congress outlines its...Read More
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The FBI says seniors lose more than $3 billion yearly to fraud, with AARP finding nearly 1 in 10 adults over 50 targeted by online romance scams.
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Elder fraud impacts millions of Americans, and the number of people affected continues to grow, accruing up to $3 billion in financial losses annually, according to the Federal Bureau of Investigation (FBI). The organization R.O.S.E., which stands for Resources/Outreach to Safeguard the Elderly, specializes in educating seniors on how to avoid financial scams. Brian Watson, Community...Read More
Got story updates? Submit your updates here. › A harsh flash photograph of the fraudulent home repair contract at the center of this elderly exploitation case exposes the stark, gritty realities of financial crimes targeting vulnerable seniors.Waterloo Today Two individuals, Iscca L. Fulton of Waterloo, Illinois and Robert Boswell of Connersville, Indiana, have been charged...Read More
Florida Attorney General James Uthmeier was in Ocala on Tuesday to discuss the work of the state’s new cyber fraud enforcement unit, which focuses on recovering funds lost to online scams. One of the most common cases the unit encounters involves scams targeting senior citizens on dating websites. Uthmeier shared an example of a recent...Read More
Attorney General James Uthmeier says investigators have broken up a cyberfraud operation that bilked a senior citizen out of $450,000. Uthmeier in a news conference detailed an investigation that found an online scam where the victim lost that money “in a matter of weeks.” Uthmeier added that as the Marion County Sheriff’s Office looked into...Read More
Got story updates? Submit your updates here. › A senior citizen’s personal experience with fraud attempts highlights the need for greater education and support to protect vulnerable populations.Pueblo Today A Colorado Springs senior named Elinor Makings reached out to local news station KOAA5 with concerns about receiving suspicious emails that claimed fraudulent activity on her...Read More
HOW TO PROTECT YOURSELF FROM SCAMS | Pennsylvania Attorney General holds meeting ON THE AG’S EFFORTS TODAY TO EDUCATE SENIORS ABOUT THESE SCAMS. FOR THE SENIOR CITIZENS WHO ATTENDED THIS EVENT IN HARRISBURG, IT WAS A RARE OPPORTUNITY, A CHANCE TO GET ADVICE ON HOW TO PREVENT SCAMS FROM THE STATE’S TOP LAW ENFORCEMENT OFFICER....Read More