The U.S. Secret Service has identified that investment frauds, fake crypto platforms, and extortion schemes disproportionately impact older Americans, who lost nearly $2.8 billion to such scams in 2024.

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Investment frauds, fake platforms and extortion schemes disproportionately affect older victims, who lost nearly $2.8 billion last year.

Older victims bore the largest share, losing nearly $2.8 billion, much of it to bogus investment sites.