Older Americans losing billions of dollars to scams
INDIANAPOLIS – A new report shows older Americans lost nearly $2 billion to scams and fraud last year, but the actual number is likely much higher. According to the Federal Trade Commission’s latest report to the U.S. Congress, older Americans reported losing $1.9 billion to fraud in 2023. However, the FTC says most cases are […]
Eight Rock + Metal Scams We Can’t Believe People Fell For
There are some rock and metal scams that we just can't believe people fell for. Scams are certainly not a new thing, but thanks to the internet, it's easier than ever to pose as someone else online. It used to be possible to distinguish real public figures from fake ones with verification badges, but platforms have even blurred that line thanks to their subscription services, which allows anyone to have a blue checkmark next to their name.
Elderly woman falls victim to phone scam
An 81-year-old grandmother from Washington D.C. lost her life savings of $109,000 to a cunning man posing as a Social Security Administration agent in what she later learned was a phone scam. This alarming case underscores the growing threat of financial fraud targeting senior citizens, a demographic increasingly vulnerable to such scams.