They drain wallets until they hurt. The unaware lose their savings

Theft of grandchildren as old as the world. So what?

Do you know the grandson theft? It turns out that this type of theft is a real plague in the United States as well. According to various sources Americans lose up to $137 billion a year in this type of fraud and scams.. These are estimates provided by the Federal Trade Commission. What’s worse, most of these scams are not even reported to the police, which makes it impossible to recover money and makes it difficult to estimate the scale of the problem.

This topic is being talked about again

In the US, the topic of robbing the elderly has become loud again after a tragic accident in Ohio. 81-year-old William Brock became the victim of such a scam. An anonymous thief sent him an ordinary Uber, which was to collect $12,000 from the old man. The unaware Uber driver was mistaken for a thief by Brock and shot dead.

It’s a real plague. There’s so much of it that it’s practically impossible to fight it logistically and operationally. A large portion of police officers even believe that because those who are robbed send or transfer money themselves, it’s not even a crime. That’s a very big mistake.

– Brady Finta, a former FBI agent, describes the problem of hazing.

Money from scams is hard to recover

According to reports from the US Trade Commission, seniors lost as much as $48 billion to phone and online scams in 2022 alone. What’s worse, it’s incredibly difficult to get that money back. Even if you report it to the police, the losses are almost irreversible. Criminals quickly convert the money they receive into difficult-to-trace cryptocurrencies or transfer the funds to bank accounts in tax havens.

Another case of an elderly man being robbed is that of William Bortz from San Diego. He fell victim to a scam involving a fake Amazon order.thanks to which criminals, posing as the e-commerce giant, convinced Bortz to sync his bank account with a fake Amazon account. Thanks to this trick, the American lost his life savings worth $700,000.

Now I know why so many of these types of thefts go unreported. You just put it in perspective and realize how stupid you were to let it happen.

– comments Bortz from his experience.

There is an idea to solve the problem

The U.S. Department of Justice is aware of the scale of the problem. He sees the solution in the actions of banks and other financial institutions and in publicizing the situation through the media. American banks, on the other hand, assure that they are taking action in this matter, among others, using artificial intelligence algorithms.

Look: mBank surprises quite a bit. It lends a helping hand to its customers