Business

FTC Reports Big Losses in Senior Fraud Cases

Updated 2026-10-22 20:05 UTC 1 source Negative

The FTC reports that older Americans lost $3 billion to fraud, with 70% of the losses coming from cases over $100,000. The report highlights a significant increase in reported fraud among seniors.

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CNBC

Reported fraud losses among older Americans hit $3 billion in 2025 as big losses surge: FTC report

Older Americans reported $2.1 billion in fraud losses of at least $100,000, accounting for 70% of the $3 billion lost overall, according to the FTC.

2026-10-22 19:39 UTC