An 82-year-old woman living in downtown Manhattan reported to police that on Friday, January 15, she received a call from an unknown man claiming to be from the IRS.

The caller said that the woman’s Social Security number had been stolen and she would go to jail if she did not send him money immediately via wire transfers to multiple accounts.

Unfortunately, she complied with his instructions and so was scammed out of an eye-opening $523,000.

This is one of the worst examples of a storm of phone and internet scams plaguing seniors in recent years, and it shows no signs of slowing down any time soon.

The Scope of the Problem

The FBI Internet Crime Complaint Center said cybercriminals victimized 105,301 Americans aged 60 and older in 2020, a total loss of $966,062,236, with an average loss per victim of $9,174. All forms of elder fraud now amount to more than $3 billion a year.

Here in NYC, the New York Police Department reported 1,296 grand larceny…

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