WASHINGTON, D.C. — June 15 marked World Elder Abuse Awareness Day—a time to shed light on the mistreatment, exploitation, and neglect of older adults across the globe. This year, however, the important occasion coincided with Father’s Day, raising concerns that the issue did not receive the recognition it urgently deserves. In response, The Texas Insider officially proclaims every day a Compassion Day, dedicated to protecting and honoring the dignity of all beings—especially our elderly.
The FBI, along with other federal and local agencies, used the occasion to spotlight the increasing threat of elder fraud, a form of financial abuse that is surging across the United States. The scale of the problem is staggering: according to the FBI’s 2024 Internet Crime Complaint Center (IC3) report, seniors reported 147,127 complaints resulting in $4.88 billion in losses—a 46% increase in reports and a 43% increase in financial loss compared to 2023.
“There are far-reaching consequences of these elaborate schemes, which can decimate the life savings of the elderly,” said Assistant Director Jose A. Perez of the FBI’s Criminal Investigative Division. “Educating the public—especially seniors and their families—is critical to protecting their hard-earned money.”
Understanding Elder Fraud
Elder fraud schemes often target individuals 60 and older, who may be seen as more trusting, isolated, or financially secure. Common scams include:
- Tech support scams pretending to fix non-existent issues on a device
- Romance scams that exploit emotional bonds for financial gain
- Investment fraud with high-return promises
- Money mule recruitment that turns victims into unwitting accomplices
- Government impersonation calls threatening arrest unless payments are made
Many older adults are hesitant to report fraud, often out of embarrassment or not knowing how to do so.
Warning Signs and Prevention Tips
To avoid falling victim to fraud, the FBI recommends the following steps:
- Verify unknown contacts or offers. Search online or consult the Better Business Bureau.
- Slow down. Scammers thrive on urgency—don’t be rushed into decisions.
- Avoid giving out personal or financial information to unsolicited callers or emails.
- Never send cash, checks, wire transfers, or gift cards to unknown entities.
- Report suspicious activity immediately to financial institutions and authorities.
How You Can Help
Community members, caregivers, and family members are encouraged to:
- Check in regularly with older loved ones to discuss finances and online activity.
- Help seniors recognize red flags in communications and transactions.
- Report abuse or fraud at the first sign—early reporting can prevent further harm.
If you or someone you know may be a victim of elder fraud, contact:
- FBI Tip Line: 1-800-CALL-FBI
- IC3 Online Reporting: ic3.gov
- FBI Elder Fraud Resource Page: fbi.gov/elderfraud
- DOJ Neighborhood Resources: justice.gov/elderjustice
Elder Abuse: A Global and Local Concern
According to the National Council on Aging, approximately 1 in 10 Americans over age 60 have experienced some form of elder abuse, but only 1 in 24 cases is ever reported. Abuse can be physical, emotional, sexual, or financial—and often happens at the hands of trusted individuals.
As the senior population in Texas and across the nation continues to grow, so does the urgency of protecting them.
At The Texas Insider, we reaffirm our commitment to compassion, respect, and action every single day—not just on World Elder Abuse Awareness Day. We encourage readers to join us in standing up for our elders, advocating for their protection, and spreading awareness about the growing threat of elder fraud.
Let us honor our elders not just with words, but with vigilance, care, and support.
