Complete Story
 

04/24/2022

Organized Crime Gangs Earn Big Bucks in Shift to Fraud

AARP

Smelling huge profits in targeting older Americans, organized gangs —the underworld syndicates that once focused on drug trafficking, gambling and other high-profile crimes —are increasingly entering the consumer fraud business, according to interviews with several law enforcement officials.

These syndicates, often based overseas, are using impersonation, intimidation and, in rarer cases, violence to steal from older people, according to the officials. Their elaborate structures and finely honed scams have made these criminal rings highly successful and difficult to catch.

“This is a billion-dollar underground economy run by highly organized groups in the United States and abroad. These are not lone wolves sitting in their basements,” says Scott Pirrello, a San Diego County deputy district attorney who helped develop the FBI-led San Diego Elder Justice Task Force.

Read more...

Printer-Friendly Version


Resources

Alerts

The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

more information
Resources

Resources

Your electronic library to help in fighting financial fraud for all of our partners.

more information