Cryptocurrency scams have surged in recent years, with billions stolen annually. One of the biggest drivers of this trend? Romance scams. The free, live Fighting Fraud with AARP Connecticut webinar on Friday, April 25, at 12 p.m. will spotlight one victim’s story of romance, loss, and how the experience motivated her to advocate for other victims.
Scams take many forms so being aware and understanding the variety of ways criminals use to steal money can help you stay a step ahead of scams. Scammers may seek payment through hard-to-trace methods with few or no protections including gift cards, cryptocurrency, wire transfers, peer-to-peer apps and, more recently, gold bars.
AARP Connecticut will donate $3,000 on behalf of recipient to an eligible non-profit organization of their choosingNomination deadline is August 1AARP is now accepting nominations for its 2024 Connecticut Andrus Award for Community Service, an annual award honoring a 50+ volunteer in the state who is sharing their experience, talent, and skills to enrich the lives of their community members. The deadline to nominate an outstanding individual for AARP’s most prestigious volunteer award is August 1, 2024.
In 2023, Americans reported losing more than $10 billion to fraud—ranging from romance and investment schemes to gift card scams—according to Federal Trade Commission data. A new state law aims to protect older Americans from financial exploitation.
The numbers are in and last year was yet another historic year for fraud. The Federal Trade Commission released its annual compendium of fraud reports from 2023, and the news is shocking. For the first time ever reported theft through fraud topped $10 billion. The total is 14% higher than what was reported in 2022 and 5 times greater than reported losses in 2019. Key takeaways from the report include:
AARP Connecticut submitted to the Public Utilities Regulatory Authority (PURA) the names of more than 2,700 Connecticut residents who signed a petition that opposes a combined rate increase proposal by the Connecticut Natural Gas Corporation (CNG) and Southern Connecticut Gas Company (SCG).