EVEN IN 2024—when we think we’ve heard all the ways scammers can trick Grandma out of her life savings—financial fraud is still on the rise. And it’s not just happening to Grandma.
The latest report from the FBI’s Internet Crime Complaint Center featured some shocking numbers. The center received more than 880,000 complaints in losses. Of those who reported their age, 24 percent of the complaints were filed by people over the age of 60 and about 21 percent came from millennials. (Credit $3.94 billion in cryptocurrency-based investment scams, which target pretty much everybody.)
