Elderly Americans Are Being Scammed for Millions Every Month

Older consumers are not more likely to be victims of fraud, but when they are victimized, they suffer greater dollar losses. Lopolo/Shutterstock

WASHINGTON—Mail scams dressed up as sweepstakes and huge prize winnings are divesting unsuspecting people around the globe of at least $100 million per month. In the United States alone, people are scammed out of $30 million a month.

Angela Stonchik shared a heartbreaking, but common, story about her grandmother at a press conference at the Department of Justice on Feb. 22.