The agency noted that the stolen funds were later converted to crypto. It was moved through multiple crypto wallets before reaching accounts allegedly tied to the suspects. As the CBI noted, the money was then routed into the Indian banking system. Thus, the CBI was able to connect the case with a syndicate allegedly operating...Read More
The phone rings. The caller ID says “Medicare.” A polite voice tells you there’s a problem with your 2026 benefits, and they just need to verify a few things. Hang up. Immediately. That call could cost you everything. Reported fraud losses by Americans 60 and older hit $2.4 billion in 2024, up from $600 million...Read More
A total of 280 people, including a 15-year-old, are being investigated by the police for their alleged involvement in scams as scammers or money mules, following a two-week operation conducted between Sept 24 and Oct 7. The latest operation comes just weeks after an earlier two-week operation from Sept 10 to 23. It involved officers...Read More
SINGAPORE – New laws will be introduced soon to ensure deterrent sentences for those who facilitate scams regardless of age, following a recent High Court ruling that gave young scam mules probation and community sentences. The legislation will make clear that the court’s ruling in that case is not to be repeated, said Senior Minister...Read More
Artificial intelligence is making scams harder to detect and Wisconsin advocates are warning the financial toll is mounting, especially for older Wisconsinites. Fraud complaints from people 60 and older spiked nearly 60% last year, with reported losses topping $7.7 billion, according to FBI data. The bureau pointed out impersonation scams in particular are surging. Nancy...Read More
As scams targeting seniors continue to impact communities across the country, a local organization is offering free resources to help Coachella Valley seniors stay protected. Custom Care Solutions CEO Mandy Calvano says scams involving phone calls, emails, romance and friendships are common among seniors. Calvano says nearly one in five of the company’s clients has...Read More
MADISON, Wis. — The Wisconsin Alliance for Retired Americans is warning seniors about online scams involving artificial intelligence. It said scammers are using the technology to impersonate trusted people and pressure victims into sending money. The campaign, called United to Stop Online Scams, aims to educate older adults about scams that can come through texts,...Read More
Scams can take many forms, from impersonation and tech support schemes to romance fraud. Learning to recognize warning signs can help protect older adults and others from becoming victims. (Courtesy of Bank of America) Scams have gotten very sophisticated over the years, and the perpetrators are constantly inventing new ways to trick people. Sadly, older...Read More
MISSION – A senior in Mission told police he was recently scammed out of tens of thousands of dollars after being contacted by someone claiming to be from the Federal Bureau of Investigation, a federal law enforcement agency in the United States. In a statement from police, Mission RCMP Corporal Harrison Mohr said police were...Read More
Singapore will introduce new legislation soon for deterrent sentencing for scammers and those who facilitate them, including youth. It follows a recent High Court ruling that gave young scam mules probation and community sentences. The legislation will make clear that the court’s ruling in that case is not to be repeated, said Senior Minister K....Read More
