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FBI sounds alarm about scams targeting older Americans

Credit Card Scams

FBI sounds alarm about scams targeting older Americans

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The FBI’s new Elder Justice Initiative is meant to raise awareness about the growing prevalence of scams. It’s also meant to inform older Americans on ways to protect themselves.

America as a country is growing older, and as more Americans get ready to put their life savings to work in retirement, more scam artists are trying to make sure there’s no savings left to live on.

Last year alone, Americans over the age of 60 were scammed out of almost $1.7 billion. It’s a problem that Patrick Wyman, a supervisory special agent with the FBI, said “is not necessarily a problem that we’re going to be able to prosecute our way out of.”

It’s leading the bureau to launch a new campaign. The Elder Justice Initiative is intended to raise awareness about the growing prevalence of scams, and to inform older Americans on ways to protect themselves. It’s also aimed at middle-aged Americans whose parents might be targeted.

“The frauds … are seeming to take different forms,” Wyman said. “They modify quickly, and the losses are so pervasive, and the numbers of victims are growing so great.”

The two most common types of scams right now are considered “romance scams” and “tech support scams.” In each case, the scammer tries to take advantage of someone’s vulnerability, either due to loneliness coming out of a pandemic, or due to a growing reliance on new forms of technology.



“You have to be wary of people…

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