FBI highlights growing number of reported elder fraud cases

WASHINGTON – In honor of World Elder Abuse Awareness Day on June 15, the FBI wants to remind friends, family, and loved ones of older Americans to know the signs of elder fraud. While elder abuse can be perpetuated in any number of ways, the FBI has seen a double-digit increase in financial fraud involving older adults, prompting efforts from the bureau to bring public awareness to this type of crime.

According to the FBI’s latest Internet Crime Complaint Center (IC3) data, there have already been $1.6 billion in losses from January to May of 2024, up nearly $300 million from the same time per...