Grandma Mary answers the phone. “Grandma?” says a male voice. “Billy, is that you?” she says. “Yes, grandma it’s me, I’ve done something stupid and I need your help. I need $3,000 as soon as possible to make bail. Please don’t tell my parents. It’s just a big misunderstanding, I’ll explain everything later. Here, I’ll...Read More
A recent Fraud Prevention Night touched on some of the ways people can stay safe from fraud and scams in the southeast. The Estevan Police Service invited a number of financial institution workers to discuss some of the different topics related to scams. Cindy Thompson from Scotiabank highlighted senior citizens and how fraud can especially...Read More
Sen. Kirsten Gillibrand (D-NY), ranking member on the Senate Special Committee on Aging, introduced the bipartisan Senior Security Act on Thursday. This legislation would create a Senior Investor Task Force within the Securities and Exchange Commission to offer recommendations for strengthening protections and safeguards for older adult investors. The bill, which is endorsed by the...Read More
Senior financial crime leaders warn that while threats are increasingly global and sophisticated, domestic regulatory frameworks and information-sharing mechanisms are failing to keep pace. Australian financial crime executives have expressed concerns that they are being left to fight a rising tide of sophisticated, offshore-originated financial crime with one hand tied behind their backs, citing slow...Read More
Image: Public Domain Pictures That bright yellow crypto kiosk next to the lottery tickets and energy drinks isn’t just an eyesore—it’s a $333 million fraud factory. While your parents get targeted by phone scammers directing them to these convenience store machines, legitimate cryptocurrency infrastructure quietly powers institutional payment systems. Welcome to crypto’s two Americas: predatory...Read More
COLORADO (KOAA) — Scams and predatory tactics targeting the elderly across the United States and in Colorado continue to be a growing trend. The latest data available for scams in Colorado and the United States is from 2024. The Internet Crime Complaint Center (IC3) is the hub for reporting cyber-enabled crime and is run by...Read More
PHNOM PENH, Cambodia (AP) — Cambodia hopes to shut down all of the country’s notorious online scam centers by the end of next month, the head of the Southeast Asian nation’s effort to combat the cybercrime said Wednesday. Senior Minister Chhay Sinarith, in charge of the Commission for Combating Online Scams, told The Associated Press...Read More
The first call came just before Thanksgiving last year. She didn’t recognize the phone number, but she answered anyway. “The person said he was an officer of the Department of Criminal Investigations looking into drug trafficking and money laundering,” the woman recalled. He seemed to know a lot about her: the states where she and...Read More
Scams remain one of the biggest financial and emotional threats facing people over 50. The most common scams targeting older Australians in 2025 range from unauthorized bank withdrawals and fake online shopping deals to investment fraud and identity theft. According to the 2025 National Seniors Social Survey, conducted by National Seniors Australia, more than one in three...Read More
George Chryssanthou and his partner of 25 years, Electra Friedman, were hoping to move to Greece when Friedman retired after a long career as an art educator. Loading audio narration… Eighty-year-old Chryssanthou spent his teenage years in the country, while 83-year-old Friedman was born there. The plan was to use Chryssanthou’s nest egg to buy...Read More
