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

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

Business FILE - An FBI seal is seen on a wall on Aug. 10, 2022, in Omaha, Neb. An FBI report released Tuesday shows a rise in losses through increasingly sophisticated tactics to trick the vulnerable into giving up their life savings. Losses from scams reported by Americans over the age of 60 last year were up 11% over the year before, according to the FBI's report.

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.

“A lot of the the fraud schemes are asking victims to send money via a wire transfer, or a cryptocurrency transfer. When the victim is reluctant to do that, they’re given an alternative," Barnacle said. “And so the bad guy will use courier services.”The man had been receiving calls from someone pretending to be an officer from the local court who demanded money.

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