Senior citizens lost almost $1 billion in scams in 2020, according to a new FBI report analysis. About 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. Seniors were being extorted the most, with just over 23,000 victims, the FBI found. The highest number of fraud cases occurred in California, Florida, and Texas. "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," said Calvin Shivers, assistant director of the FBI’s criminal division.”
- Reported by acl.gov/news-and-events/news