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Scams & Fraud
Vermonters 60 and over lost nearly $5 million to fraud in 2023, according to the FBI’s most recent data. That’s up from $1.6 million in 2020.
AARP Texas is urging lawmakers to pass a range of fraud-fighting measures, including protections for consumers who use cryptocurrency ATMs. AARP wants limits on daily transactions. It says that kiosk operators should also be required to post warnings about scams and be registered in Texas.
The AARP-backed bill would require employees of financial institutions to put a hold on transactions if they suspect a person 60 or older is a victim of fraud.
Criminals love tax season. But taking a few simple steps can help protect you from fraud.
As scammers increasingly use crypto ATMs to defraud older adults, AARP is pushing for daily transaction limits and other regulations.
The kiosks—often located in gas stations, groceries or convenience stores—convert cash into difficult-to-trace digital currency. Growth in such scams has led to calls for legislation to better protect South Carolina consumers.
A new state law could prevent gift card scams far beyond the state's border.
The new law requires cryptocurrency-ATM operators to issue refunds to victims of fraud if they're considered new customers.
Fraud can also be a family affair. And victims are often reluctant to report the crimes committed by their loved ones.
Fraud is growing in Louisiana and other states throughout the Southeast. AARP Louisiana offers tips on how to avoid it.
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