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flag Elder abuse fraud caused $2 billion in losses, targeting seniors through scams exploiting trust and isolation.

flag A U.S. Department of Justice report reveals that elder abuse fraud caused about $2 billion in financial losses nationwide, driven by scams like impersonation, fake investments, and inheritance fraud that exploit seniors' vulnerability, isolation, and trust. flag The DOJ highlights that perpetrators increasingly use technology to target older adults, with many victims failing to report crimes due to shame or confusion. flag The findings call for greater public awareness, stronger enforcement, improved interagency cooperation, and expanded support services to combat the growing crisis and protect elderly Americans from financial exploitation.

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