Elderly people online looking for love, scammers leap
This article contains a SPOILER ALERT for the Netflix Original Clickbait Series, so reader, PLEASE NOTE!
Fox News is point out something that KIT listeners should be aware of. We love our under 50 KIT audience members, but the point is, most of our radio fans could qualify as old people and I’m not talking high school or college, but the kind with the hair. silvery. (You know the old adage – If you’re not a liberal when you are young you have no heart, and if you are not a conservative as you get older you have no brains!)
Well, we’ve got a LOT of brains out there in the land of KIT auditors, so we’re sending you all a Federal Trade Commission (FTC) notice.
Fox reports “A growing number of American seniors have been the targets of ‘romance scams’ during the pandemic.” The FTC hasn’t really gone into great detail on what constitutes a “romantic scam,” but I have an active imagination and can make a pretty good guess.
A Little Aside – The Netflix Series Click bait offers a twisted version of the online romance scams. SPOIL ALERT !!!
In the show, a loner Senior wife, whose husband is more interested in his garage full of model trains than his wife, decides to take the identity of a handsome young colleague. She makes a bunch of fake relationships online using her photo and personal information, which is fun for her but real life and death for the women she meets – like him – online. In fact, a desperate woman is so shaken up by a sudden breakup that she ends up killing herself! YEAH ! The scammer is therefore a senior and it is certainly a major scam, but it is not exactly what the FTC is warning against !! (but it was a good series!)
WE ARE TALKING ABOUT MILLIONS OF DOLLARS
The Federal Trade Commission (FTC) major scams cost people aged 60 and over millions of dollars.
“Romantic scams; prize, lottery and lottery scams; and business impersonator scams have caused the highest reported overall losses for seniors,” the FTC wrote in its 55-page article. Protecting Aged Consumers 2021 – 2021 report, which was published and submitted to Congress on Monday, October 18.
Of the five types of scams named, romance scams were “the highest total dollar loss” in 2019 and 2020, according to the FTC.
How much money are we talking about? How about $ 84 million in 2019 and a 65% increase in 2020 to $ 138 million in the hardest hit age groups of 60-69 and 70-79!
ATTACK ON ALONE
Consider this scenario – Covid is isolating you so you are on your own as a result you go online and meet someone who looks awesome … BUT … they need the money because of Complications of COVID, and you can’t meet in person because of complications related to COVID, so sucked into the story, Ms. or Mr. Lonely sends money via bank transfers and direct payments ($ 31 million) and cryptocurrency ($ 12 million) in 2020.
Lois Greisman, the FTC’s associate director for marketing practices, wrote in an email to Fox News: “We found that adults 60 and over reported losing more money to dating scammers than any other form of fraud in 2020.”