Fraud losses among older Americans hit $3B in 2025 as big losses surge: FTC

16 pointsposted 10 hours ago
by pseudolus

4 Comments

Justin_K

7 hours ago

If the government made the banks liable for having such loose controls, the fraud would disappear.

Georgelemental

9 hours ago

Forget Iran, we need to bring Freedomâ„¢ to Myanmar

0xy

9 hours ago

India's local authorities and government know about, enable and protect this activity.

Local Indian police stations routinely ignore reports on scam call centers, for instance.

I know people who work in retail outlets and banks and when older people come in to withdraw large amounts of cash, wire to suspicious accounts or buy thousands in gift cards even after specifically being told they're being scammed they'll insist on proceeding, even after a bank manager sit-down.