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 media pitches—drove the biggest losses, while phone ...

Phony promises to triple your retirement savings and other wild schemes engineered by scammers can stir up all sorts of financial woes for seniors. According to a new report from the Federal Trade ...

Seniors have been consistently targeted by a wide range of scams. New data from the Federal Trade Commission show that reported financial fraud losses among older Americans increased sharply in 2024, ...

LOS ANGELES - There has been a spike in complaints about scams originating on social media, especially Facebook and Instagram, amidst the boom of online shopping during the pandemic, according to the ...

A report from the Federal Trade Commission (FTC) finds that seniors reported losing more than $1.9nine billion to fraud last year. The finding shows older Americans also lost more money to fraud using ...

An article detailing the most common scams targeting seniors and how to avoid them.

(Reuters) -The U.S. Federal Trade Commission will not take consumers' fraud complaints or help them block spam calls, and it will not grant early clearance to mergers during the government shutdown, ...

Scam artists are using the Supreme Court’s recent Patient Protection and Affordable Care Act ruling as leverage to collection personal information from consumers, according to a Federal Trade ...

A polished seal, a familiar logo, and a web address that looks almost perfect. That’s all it takes to trick someone into handing over personal details meant for law enforcement or a federal agency.

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 ...