Fraud targeting elderly individuals continues to be a major issue across the country, with the FTC reporting that in 2024, of the 2.6 million fraud reports they received, approximately 36% were from people age 60 and older (1).

Police in Texas are once again highlighting the risk to older adults as a shocking crime ring was exposed in January. Local NBC News reports that at least $55 million dollars had been stolen from victims across the state, with the crimes linked to two local jewelry stores (2).

The suspects in the case are accused of operating a large-scale fraud and money laundering scheme, specifically targeting elderly victims for their gold, cash and cryptocurrency. The scammers impersonated federal agents or…