FBI raises flag on elder fraud after thousands of retirees are scammed out of $1.7 billion

America’s grandparents are increasingly online. They’re connecting with relatives digitally, shopping in the web’s endless aisles, and even finding online love in their golden years. 

However, with that wifi connection comes a darker side. Specifically, the danger of scams targeting the elderly population and their substantial life savings. 

The Federal Bureau of Investigation (FBI) has raised the flag on the precipitous rise in elder fraud scams in recent years. According to their 2021 Internet Crime Complaint Center (IC3) report, there were over 92,000 victims who lost $1.7 billion to elder fraud scams. The losses were a 74 percent increase over

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