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Complete Story
03/10/2022
Fraud and older adults – what’s your story?
FTC
Every year millions of people report fraud, scams, and bad business practices to the FTC. Your stories help us better understand how fraud affects every community. During National Consumer Protection Week, we’re offering information and advice for some of these communities, and today we’re focusing on scams that have an impact on older adults.
- Scammers are using social media for investment, romance, and online shopping scams. More than one in four people who reported losing money to fraud from 2020 - 2021 said it started on social media with an ad, a post, or a message. The most money was lost to investment and romance scams.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
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Resources
Your electronic library to help in fighting financial fraud for all of our partners.
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