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Combating Elder Fraud

In testimony today before a House subcommittee, FBI Criminal Investigative Division Deputy Assistant Director Joseph S. Campbell discussed the very important and rapidly growing problem of fraud against our nation’s seniors and what the FBI is doing to stop it.

May 16, 2013 10:00 AM

Combating Elder Fraud

Woman on phoneIn testimony today before a House subcommittee, FBI Criminal Investigative Division Deputy Assistant Director Joseph S. Campbell discussed the very important and rapidly growing problem of fraud against our nation’s seniors and what the FBI is doing to stop it.

“Senior citizens are most likely to have a ‘nest egg,’ to own their home, and to have excellent credit,” said Campbell. “Unfortunately, these are also many of the same qualities which make them so attractive to con artists.”

From reverse mortgage fraud schemes to telemarketing and Internet fraud to health care fraud and more, “fraud targeting our senior citizens exists in many forms, is creative in its approach, and can often leave our most vulnerable citizens with little to no savings to enjoy a time in life they’ve earned,” Campbell said. “The FBI, in partnership with our federal, state, and local partners is committed to identifying this threat where it exists and taking aggressive action in response.”

Read full testimony | More about elder fraud | Frauds from A to Z