Scammers Stole $1 Billion From Elderly In 2020, According To FBI
Written by Tariq on June 22, 2021
2020 was a terrible year for just about everybody………… but not for scammers! Senior citizens lost almost $1 billion in scams last year. According to an FBI report released this week. A total of 105,301 people over the age of 65 were scammed, with an average loss of $9,175, and almost 2,000 older Americans lost more than $100,000, the report said.
The elderly were being extorted the most, with just over 23,000 victims. The highest number of fraud cases occurred in California, Florida and Texas. Calvin Shivers, assistant director of the FBI’s criminal division said “Each year, millions of elderly Americans fall victim to some type of financial fraud or internet scheme, such as romance scams, tech support fraud, and lottery or sweepstake scams. Criminals gain their targets’ trust or use tactics of intimidation and threats to take advantage of their victims,”
The FBI found that confidence fraud and romance scams netted over $281 million in losses. To Read More Click Here.
Source: ABC News
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