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Managing Partner at Kinnect Advisors

🚨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. So, how can we combat this? Stay cautious of unsolicited contact from financial institutions or unknown parties. If an offer seems too good to be true, it likely is. Make it a priority to educate yourself and your loved ones about common scams. If you suspect any suspicious activity, report it to law enforcement as soon as possible. Let's empower ourselves with knowledge and stay vigilant! Source: https://lnkd.in/en6vtxak

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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