Fraud losses among older Americans hit $3B in 2025 as big losses surge: FTC (cnbc.com)
18 pointsby pseudolus3 days ago4 comments
Justin_K 3 days ago
If the government made the banks liable for having such loose controls, the fraud would disappear.
0xy 3 days ago
India's local authorities and government know about, enable and protect this activity.
Local Indian police stations routinely ignore reports on scam call centers, for instance.
I know people who work in retail outlets and banks and when older people come in to withdraw large amounts of cash, wire to suspicious accounts or buy thousands in gift cards even after specifically being told they're being scammed they'll insist on proceeding, even after a bank manager sit-down.
georgemcbay 3 days ago
Of course Rick Scott is getting to the bottom of this.
If there's a new and more efficient way to commit fraud he wants to know every detail.
https://en.wikipedia.org/wiki/Rick_Scott#Fraud_investigation...
Georgelemental 3 days ago
Forget Iran, we need to bring Freedom™ to Myanmar