Scammers stole more than $3.4 billion from older Americans last year, FBI report says

An FBI report shows a rise in losses through increasingly sophisticated tactics to trick the vulnerable into giving up their life savings.

By Alanna Durkin Richer, Associated PressAn FBI seal is seen on a wall on Aug. 10, 2022, in Omaha, Neb.

“It can be a devastating impact to older Americans who lack the ability to go out and make money,” said Deputy Assistant Director James Barnacle of the FBI’s Criminal Investigative Division. “People lose all their money. Some people become destitute.” The most commonly reported fraud among older adults last year was tech support scams, in which criminals pose over the phone as technical or customer service representatives.

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