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Criminal schemes targeting U.S. seniors account for $3.4 billion in reported losses, FBI says


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********* schemes targeting U.S. seniors account for $3.4 billion in reported losses, FBI says

Washington — Americans over 60 years of age fell victim to so-called elder ****** ******* more frequently last year than in any other year and accounted for an estimated $3.4 billion in total reported losses, according to a newly released FBI report. 

Reports of ********* schemes targeting seniors in the U.S. increased by 14% between 2022 and 2022, federal investigators said, warning that investment scams are the costliest to the elderly. In all, over 101,000 complaints of ****** perpetrated against individuals over 60 years of age were filed to federal law enforcement last year, the most of any age group throughout the country. 

There were 5,920 individuals over 60 who lost more than $100,000 as a result of ********* ****** and federal trends last year, demonstrating that seniors are increasingly being targeted and falling victim, the report said. 

FBI officials said Tuesday they hoped the new report will both shine a light on ****** schemes and prevent future victims from falling prey to ******** scammers. 

A majority of elder ****** scams go unreported to law enforcement by the victims, which officials said makes it difficult to quantify the total impact of the ******* nationwide. AARP estimated in a 2023 study that $28.3 billion is lost to elder ****** scams each year, 72% of which is taken by individuals who are known to the victims. 

On Friday, a California man was arrested after investigators said he was allegedly trying to pick up $35,000 from two seniors who had previously fallen victim to his elder-****** scheme, which involved phishing attacks and two individuals who pretended to be federal agents. 

Investigators said **** Su was just one component of a large ********* enterprise that disguised itself as a

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support system and a financial institution. The hackers would first gain access to the victims’ computers through phishing scams and then would convince the seniors to withdraw tens of thousands of dollars from their bank accounts. 

Su now faces federal charges and made an initial appearance in court on Monday.. 

According to the FBI’s report released on Tuesday, tech support scams remain the most common form of elder ****** ******. 





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******
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