How Criminals Steal $37 Billion a Year from America's Elderly [telecom]

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How Criminals Steal $37 Billion a Year from America's Elderly

Telephone pitchers, online scammers and even family members target the
most vulnerable among us. And it's about to get worse.

By Nick Leiber

Marjorie Jones trusted the man who called to tell her she'd won a
sweepstakes prize, saying she could collect the winnings once she paid
the taxes and fees. After she wired the first payment, he and other
callers kept adding conditions to convince her to send more money.

As the scheme progressed, Jones, who was legally blind and lived alone
in a two-story house in Moss Bluff, Louisiana, depleted her savings,
took out a reverse mortgage and cashed in a life insurance policy. She
didn't tell her family, not even the sister who lived next door.  
Scammers often push victims to keep promised winnings a secret,
says an investigator who helped unravel this sinister effort to
exploit an 82-year-old woman.

https://www.bloomberg.com/news/features/2018-05-03/america-s-elderly-are-losing-37-billion-a-year-to-fraud

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