A new report from the FBI looking at elder fraud in 2022 finds that victims in Maine lost $12.7 million to elder fraud scams last year. The FBI considers victims over the age of 60 years to fall in this category.The report says there were 459 reported victims of elder fraud in Maine. Only Massachusetts and Connecticut had more in New England. That is an average cost of more than $27,000 per victim. That is actually lower than the national average of $35,000.According to the FBI report, by far the most common type of elder fraud scam in the U.S. is related to tech support. Other big ones include claims of non-payment or non-delivery, personal data breaches and romance scams.The reports says monetary losses due to investment fraud reported by victims over 60 increased over 300%, more than any other kind of fraud, largely due to the rising trend of crypto-investment scams. Overall, cryptocurrency-related losses reported by older adults increased by 350%.Losses across the country have skyrocketed over the last five years from around $600 million in 2018 to more than $3 billion in 2022. The FBI says there was an 84% increase in total losses from 2021 to 2022.
A new report from the FBI looking at elder fraud in 2022 finds that victims in Maine lost $12.7 million to elder fraud scams last year. The FBI considers victims over the age of 60 years to fall in this category.
The report says there were 459 reported victims of elder fraud in Maine. Only Massachusetts and Connecticut had more in New England. That is an average cost of more than $27,000 per victim. That is actually lower than the national average of $35,000.
According to the FBI report, by far the most common type of elder fraud scam in the U.S. is related to tech support. Other big ones include claims of non-payment or non-delivery, personal data breaches and romance scams.
The reports says monetary losses due to investment fraud reported by victims over 60 increased over 300%, more than any other kind of fraud, largely due to the rising trend of crypto-investment scams. Overall, cryptocurrency-related losses reported by older adults increased by 350%.
Losses across the country have skyrocketed over the last five years from around $600 million in 2018 to more than $3 billion in 2022. The FBI says there was an 84% increase in total losses from 2021 to 2022.
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