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The FBI Internet Crime Complaint Center (IC3) received more than 101,000 reports of scams and fraud against people ages 60 and older in 2023, causing seniors to lose over $3.4 billion. And those ...
Elder financial scams are skyrocketing, with suspected fraud against seniors up nearly 50 percent in 2023, according to Thomson Reuters data (and 2022 was already a record year, up 50 percent from ...
Victims aged 60 or over who need assistance with filing a complaint can contact the Justice Department's Elder Justice Hotline, 1-833-FRAUD-11 (or 833-372-8311).
Unfortunately, these reverse-mortgage scams do nothing of the sort; their goal is actually to steal the equity of the property entirely, leaving senior citizens potentially destitute. 10. Fake ...
Consequently, they are a favorite target for fraudsters. Seniors lose more money by far to scams than any other demographic, with the median loss totaling $350, the Better Business Bureau found ...
"Scams targeting individuals aged 60 and older caused over $3.4 billion in losses in 2023 − an increase of approximately 11% from the year prior," an FBI news release reads. "The average victim ...
Cryptocurrency is a popular scam right now since many seniors know so little about it. If you are offered an investment on the phone, turn it down and do your own research. Dan Shick/Wikimedia Commons
Think Scammers Only Target Seniors? 4 Money Scams Gen Z Needs To Look Out For. Cynthia Measom. April 2, 2024 at 12:00 PM. B4LLS / Getty Images/iStockphoto.
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