Insurance Analytics Group’s Post

🚨Attention, seniors and their loved ones! Elder fraud is a growing concern, with a staggering $3.4 billion in reported losses last year, according to a new FBI report.👵 The frequency of criminal schemes targeting U.S. seniors increased by 14% between 2022 and 2023. The most costly of these scams? Investment schemes entice victims to transfer money to fraudulent financial institutions. Last year, over 5,920 individuals aged 60 and above lost more than $100,000 due to these criminal frauds. This is a serious issue that requires our attention. https://lnkd.in/gS3ry2Uz

Criminal schemes targeting U.S. seniors account for $3.4 billion in reported losses, FBI says

Criminal schemes targeting U.S. seniors account for $3.4 billion in reported losses, FBI says

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