Tag #Elder Fraud

Showing 25 to 27 of 27 results

bbc.com

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Dec 23, 13:11

Elderly Americans Defrauded by Northern Irish Brothers

Two Northern Irish brothers defrauded elderly Americans of hundreds of thousands of dollars by posing as home repairmen, receiving 18-month sentences and facing restitution and deportation; one victim lost \$435,000.

Elderly Americans Defrauded by Northern Irish Brothers

Two Northern Irish brothers defrauded elderly Americans of hundreds of thousands of dollars by posing as home repairmen, receiving 18-month sentences and facing restitution and deportation; one victim lost \$435,000.

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How did the McDonaghs exploit their victims, and what systemic issues allowed this to occur?

The McDonaghs' scam involved botched repairs and pressure tactics, targeting vulnerable elderly individuals. The FBI described their actions as a "traveling roadshow of fraud." The case highlights the vulnerability of the elderly to such scams and the challenges in securing restitution.

cbsnews.com

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Dec 17, 01:11

AI Voice Cloning Fuels Rise in Grandparent Scams, Costing Seniors \$3.4 Billion

AI-enabled voice cloning is facilitating a rise in grandparent scams, with senior citizens losing approximately \$3.4 billion to such fraud in 2023, prompting cybersecurity experts to recommend the use of family safe words to verify callers' identities.

AI Voice Cloning Fuels Rise in Grandparent Scams, Costing Seniors \$3.4 Billion

AI-enabled voice cloning is facilitating a rise in grandparent scams, with senior citizens losing approximately \$3.4 billion to such fraud in 2023, prompting cybersecurity experts to recommend the use of family safe words to verify callers' identities.

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How has AI voice cloning technology increased the financial losses from scams targeting senior citizens?

AI-powered voice cloning is enabling criminals to convincingly impersonate loved ones, tricking victims into sending money. In 2023 alone, senior citizens lost approximately \$3.4 billion to such scams, according to the FBI. This technology increases the believability of these scams, making victims more susceptible.

zeit.de

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Dec 18, 13:13

€8.4 Million Lost to Scams in Mecklenburg-Vorpommern

Between January and November 2024, over €8.4 million was stolen in Mecklenburg-Vorpommern, Germany, through more than 2,000 scams targeting primarily older adults via phone calls, social media, and other methods.

€8.4 Million Lost to Scams in Mecklenburg-Vorpommern

Between January and November 2024, over €8.4 million was stolen in Mecklenburg-Vorpommern, Germany, through more than 2,000 scams targeting primarily older adults via phone calls, social media, and other methods.

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How did the age of victims correlate with the amount of financial loss in these scams?

The most common victims were older people, with nearly 90% of the reported cases involving individuals over 60. Scammers employed diverse methods, including social media manipulation and phone calls impersonating family members or authorities to defraud victims.

Showing 25 to 27 of 27 results