The U.S. Attorney’s Office announced the arrest of 11 people, mostly Southern California residents, involved in a complex fraud scheme where property titles of elderly victims were allegedly stolen for the sake of securing millions of dollars’ worth of loans. Nearly all defendants are charged with conspiracy to commit wire fraud and wire fraud, while...
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SPONSORED: As technology becomes more essential to daily life, many older adults face a growing challenge: navigating devices, apps, and online risks that seem seem to evolve every week. One young entrepreneur is stepping in to bridge that gap for seniors across the Puget Sound region. Your Senior Tech,...
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LEXINGTON, Ky. (WKYT) – Kentuckians lost more than $72 million last year to fraud, according to sources, with adults over the age of 60 reporting fraud more than any other age group. Chase Bank and Lexington Police met at the Lexington Senior Center Tuesday to address that statistic ahead of what officials call a busy...
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Those committing elder fraud are only going to get more sophisticated. It’s up to us to protect our financial – and psychological – well-being. Photo: Getty Images. Elder fraud is on the rise, with scammers stealing $3.4 billion from older U.S. adults in 2023 alone. That figure was 14% higher than the previous year, and...
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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...
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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...
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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...
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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...
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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:...
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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...
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