Americans over 60 years of age fell victim to so-called elder fraud crimes more frequently last year than during any other year and accounted for an estimated $3.4 billion in total reported losses, according to a newly released FBI report.

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Criminal schemes targeting U.S. seniors account for $3.4 billion in reported losses, FBI says - CBS News
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Criminal schemes targeting U.S. seniors account for $3.4 billion in reported losses, FBI says - CBS News

Reports of elder fraud crimes increased by 14% in 2023, according to a new federal report.