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The FBI Internet Crime Complaint Center (IC3) received more than 101,000 reports of scams and fraud against people ages 60 and older in 2023, causing seniors to lose over $3.4 billion. And those ...
1860s. Jacob Young, William Abrams, and Nancy Clem ran what author Wendy Gamber argues, in her book The Notorious Mrs. Clem: Murder and Money in the Gilded Age, was the first-ever Ponzi scheme. [ 1][ 2] In Munich, Germany, Adele Spitzeder founded the "Spitzedersche Privatbank" in 1869, promising an interest rate of 10 percent per month.
A class action lawsuit has sparked a viral claim that the Social Security Numbers of all U.S. citizens were leaked as part of a data breach this year.
However, these groups also have the smallest percentage of American household incomes – the first quintile earns 3.2% of all income, while the second quintile earns 8.4% of all income. [170] Higher-income retirees pay income taxes on 85% of their Social Security benefits and 100% on all other retirement benefits they may have.
The Maria Duval scam is one of the most successful mail scams in history, having defrauded millions of people out of at least $200 million over twenty years. Targeting sick and elderly people through a combination of personalized letters and personal information databases, it has been shut down in the United States in 2016, but is still ongoing in many countries.
In 2023, banks reported more than $27 billion in suspicious activity related to elder scams, according to the Financial Crimes Enforcement Network, and reports filed by the public to the Federal ...
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