Their Parents Are Giving Money to Scammers. They Can't Stop Them.Many elderly individuals fall victim to online fraud through emotional manipulation, leading to devastating financial losses.
Reports of elder fraud fell sharply in these three states. California isn't one of themElder fraud complaints in California fell slightly from 2022 to 2023 but remain high compared to other states.
Seniors Are Falling Victim to Fraud at an Alarming Rate in This StateElder fraud increased by 14% in 2023, affecting seniors significantly with reported losses surpassing $3.4 billion.
Alameda mayor: Prevent, report financial fraud against seniorsOlder adults are often targeted for financial fraud due to their trust, politeness, and financial resources.Many seniors are reluctant to report fraud due to shame, lack of knowledge on who to contact, or fear of doubting their abilities.