Written by A new report by the FBI finds elder fraud has reached a record high, including in Colorado. Nationwide, more than 200,000 Americans over age 60 reported fraud last year, with losses of nearly $8 billion — a 37% increase over 2024. In Colorado, more than 3,000 seniors filed complaints, with losses of nearly $75 million. Debbie Fox is among them. In October of 2023, she met a man online and began video chatting with him. She knew people weren’t always who they pretended to be, so she did her homework.
She found his personal and professional websites, asked to see his passport, and verified his business registration. His story appeared to check out, but she soon learned it was all an elaborate ruse to steal $48,000. “With a signed loan agreement and a bank letter of loan guarantee in hand I withdrew money from my retirement account, transferred it to my U.S. Bank account and wired it as directed to the bank account of a registered a business in Florida,” Fox said. She realized too late it was a scam.
O LORD, You are my God. I will exalt You, I will praise Your name, For You have done wonderful things; Your counsels of old are faithfulness and truth.
Isaiah 25:1
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