Elder fraud is simply financial fraud that targets any individual, in the United States over the age of 60 years old. It could be romance, technology or any other scam whose goal is to financially exploit senior citizens. The FBI has raised the flag on the precipitous rise in elder fraud scams in recent years. According to the 2021 Internet Crime Complaint Center (IC3) report, there were over 92,000 victims who lost $1.7 billion to elder fraud scams. The losses were a 74 percent increase over 2020’s.
FBINewarkCAAA organizes outreach events to educate the community, support our local field office, and strengthen relationships with law enforcement and community partners to prevent elder fraud. FBI representative provides a detailed explanation of what Elder fraud is and how to recognize and report it.