DoJ Announces Largest Sweep of Elder Fraud Cases in History

The U.S. Department of Justice (DOJ) has announced the largest coordinated sweep of elder fraud cases in history.  

More than two million Americans, largely seniors, were victimized by more than 260 defendants from around the globe in these cases. Total alleged losses from the elder fraud financial schemes were over three fourths of one billion dollars. 

This DOJ interactive map provides details on its cases.

An increasingly more common form of elder fraud is the technical-support (tech-support) scam. Consumers 60 and over filed more loss reports on tech-support scams from 2015 to 2018 than on any other type of fraud reported to the Consumer Sentinel Network. The median individual reported loss to tech-support scams was $400, however, people 60 and over reported a 25% higher median loss of $500.

The FTC has developed a resource webpage and infographic for consumers that explain how to spot, avoid, report and recover from such scams.

Read About Other Common Scams Here