Financial elder fraud reports are rampant; amount reaches $1.7 billion

March 13, 2019By Terry JacksonLifeStyle & Activities, Technology
Financial elder fraud reports are rampant; amount reaches $1.7 billion

The number of reports of financial fraud against older adults has quadrupled since 2013, with 63,500 filed reports describing more than $1.7 billion in actual losses or attempted thefts in 2017, according to a report released Wednesday by the federal Consumer Financial Protection Bureau. The report’s statistics are based on suspicious activity reports filed with the federal … Read More