May 15, 06:03 PM

Elder Wire Fraud Scams Rise, FBI Reports $3.4 Billion Losses

Elder financial abuse targeting older investors is on the rise, with reports showing significant losses due to wire fraud scams. The FBI's 2023 report revealed over $3.4 billion in losses by individuals over 60, a notable increase from the previous year. Efforts are being made to raise awareness and combat these schemes, as highlighted by Senator Mike Crapo's involvement in National Senior Fraud Awareness Day.

#FBI #Mike Crapo

Written with ChatGPT (GPT-3).