Category: Elderly Financial Exploitation

According to the Federal Trade Commission, more than 6,000 government imposter fraud cases were reported in Iowa and Minnesota during the first three quarters of 2025. Knowing the warning signs of a government imposter scam is the first step in protecting yourself.

According to Pew Research Center, roughly 90% of U.S. adults ages 65 and older say they use the internet. Because so many people use smartphones, tablets, and computers to go online, scammers have a large pool of potential victims to target for harvesting personal information or money.

According to a report by Statista, an estimated 440 million people will use online dating apps by 2027. While many people use dating apps and websites to find love, others use it to exploit others for financial gain.

Elderly Financial Exploitation (EFE) is continuing to see a rise in case reports. According to AARP, victims over age 60 lose $28.3 billion annually in the United States.

Elderly Financial Exploitation (EFE) is a growing form of fraud that targets older adults. Criminals seek to gain the elderly’s trust in order to convince them into sending money.