US charges more than 250 in elder fraud scam crackdown
The scams included the use of mass mailing, telemarketing and investment frauds as well as identity theft and theft by guardians, the department said in a statement announcing the criminal and civil charges.
More than 250 people were charged in a major U.S. crackdown on elder fraud scams that victimized over 1 million people and led to $500 million in losses, the Justice Department announced on Thursday.
The scams included the use of mass mailing, telemarketing and investment frauds as well as identity theft and theft by guardians, the department said in a statement announcing the criminal and civil charges.
Some of the schemes included scams where people were falsely told they had won a lottery but had to pre-pay a fee or taxes, while in other scams a senior was told a grandchild had been arrested and needed money for bail, the department said.
Globally, 200 defendants were charged criminally and another 50 face civil or other charges, the department said.
"Today is only the beginning. I have directed department prosecutors to coordinate with both domestic law enforcement partners and foreign counterparts to stop these criminals from exploiting our seniors," Attorney General Jeff Sessions said.
The sweep was carried out by the Justice Department, FBI, Federal Trade Commission and the Iowa and Kansas attorneys general, among others.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
10:46 AM IST