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The U.S. Senate Committee on Aging recently presented its annual report on staggering elder financial abuse. Scammers continue to target this vulnerable population, according to a Jan. 16 Forbes article by Ted Knutson, Frauds Threatening Seniors With Jail Unless They Pay Proliferate As Elder Abuse Nears $3 Billion.
According to the article, one prevalent scam is the “Impending Lawsuit Scam.” A fraudster will call a senior to warn them a warrant is out for their arrest unless they pay a fine. Scammers often use local area codes to trick trusting seniors into believing the sheriffs’ departments are calling. This lawsuit scam topped the annual list of calls to the committee’s elder fraud hotline.
Netflix investors sue the streaming service for securities fraud; Spanish police crack a luxury car scam; Lincoln College shuts down in part because of a ransomware attack.
The former Czech prime minister is indicted for fraud; A Wisconsin dentist breaks his patients' teeth as part of an insurance fraud scheme; The U.S. Department of Justice appoints a chief prosecutor to handle pandemic fraud.
13 people indicted for a $100 million no-fault car insurance scam, sisters perpetrate a tax return fraud scam and Pakistan contemplates banning cryptocurrency
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Multi-award-winning investigative journalist Dan McCrum overcame many roadblocks while investigating the Wirecard fraud scandal for the Financial Times. Watch him discuss how he brought this important story to light. View the video.