Fraud losses reported by people 60 and older climbed to nearly $2.4 billion in 2024, quadrupling since 2020 Investment scams—often tied to social m ...

One disturbing scam involves crooks who impersonate officials to convince consumers that they must withdraw money from ...

From 2020 to 2024, the 60-plus age group's reported losses have jumped 300% to $2.4 billion from $600 million, according to the Federal Trade Commission.

One bizarre but incredibly harmful scam going around now involves con artists who shrewdly impersonate someone else to ultimately convince you that you absolutely must transfer your money to protect ...

Adults aged 60 and older were more likely to report extraordinarily high losses. An 18-year-old consumer in Michigan lost $4,800 this summer to a 'transfer it to protect it' scam after receiving an ...