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Complete Story
08/07/2025
Business and government impersonators go after older adults’ life savings
FTC
Scammers posing as government agencies or well-known businesses are increasingly going after retirees’ life savings. They weave a web of lies about some bogus crisis. Then they trick older adults into giving them tens or even hundreds of thousands of dollars.
The scams start with lies designed to create a sense of urgency and fear.
- Lie #1: Someone is using your accounts. Scammers pretend to be a bank employee with a warning about suspicious account activity. Or claim to be an Amazon rep following up on potentially fraudulent purchases.
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