Got story updates? Submit your updates here. › A harsh, unforgiving flash illuminates the tattered remains of a fraudulent investment statement, symbolizing the devastating impact of this scam on vulnerable elderly victims.Union City Today A 60-year-old Union City man named Antonio Petrosino, also known as Anthony Petrosino, has admitted to defrauding several elderly victims out...Read More

Vea esta página en español Spot and Prevent Elder Financial Abuse Each year, older adults in this country fall victim to financial abuse, costing seniors an estimated $27 billion. Financial exploitation can take many forms such as theft of money or property by a family member, caregiver, or scammer. It is vital to take precautions...Read More

Financial fraud is a problem that affects millions of Canadians every year, with older Canadians increasingly becoming the target of potential fraudsters. In 2024, the Canadian Anti-Fraud Centre (CAFC) received 108,878 fraud reports totaling $638 million in losses. Many of the most common scams law enforcement officials are seeing today – including the so-called...Read More

Financial scams targeting seniors in San Diego County are becoming more sophisticated and more costly. In just the first half of 2025, 747 older adults in San Diego County have fallen victim to scams, losing nearly $70 million. The county started keeping track of the amount of money seniors were losing to scams in 2022...Read More

September 18, 2025 — Press Release NCLC Senior Attorney Provides Testimony to U.S. House Subcommittee on Payment Fraud, Prevention WASHINGTON –  Today, Carla Sanchez-Adams, senior attorney at the National Consumer Law Center (NCLC), provided testimony to the Oversight and Investigations Subcommittee of the U.S. House Financial Services Committee during a hearing titled, “Fraud in Focus:...Read More

Scams targeting the elderly in San Diego County resulted in losses of more than $130 million over the course of a single year, San Diego County’s multi-agency Elder Justice Task Force announced Tuesday. Officials released the statistics Tuesday as part of an ongoing outreach campaign regarding increasingly sophisticated internet and phone scams that are leading...Read More

LEXINGTON, Ky. (LEX 18) — Kentuckians lost $72 million to scams last year, according to federal data, with the majority of reported victims over 60 years old. That’s why Chase partnered with the Lexington Senior Center for an educational seminar to help protect vulnerable community members from fraud. Susan Higdon, a senior who attended the...Read More

Plano, Texas — In many ways, Tejasvi Manoj of Plano, Texas, is an average 17-year-old. “You’ve got to balance, like, all of your classes, and then you have college applications as well,” Manoj told CBS News.  But she’s spending much of her senior year of high school with a different type of senior, visiting older...Read More

Reports to the FTC show a growing wave of scams aimed squarely at retirees’ life savings. These scammers pretend to be from known and trusted government agencies and businesses. And, in an ironic twist, recent scams use fake security alerts and other false alarms to prey on older adults’ vigilance about protecting their money and...Read More

10’000 Hours | Digitalvision | Getty Images Criminals are increasingly pilfering the retirement and other financial accounts of older Americans via so-called “imposter” scams, the Federal Trade Commission reported Thursday. The frauds tend to go like this: Scammers conjure a fake crisis and pose as trustworthy sources — perhaps a representative for a bank or...Read More