Ripping off the elderly in the United States is a profitable business for scammers to the tune of $1.2 billion in 2018 alone.

That amount can be at least doubled for 2020 when everyone was on a computer or when family members couldn’t easily check on older relatives who might have gotten fraudulent phone calls.

FBI Assistant Special Agent in Charge Ray B. Cook III

In his talk to the Demopolis Rotary Club Wednesday, FBI Assistant Special Agent in Charge Ray B. Cook III of Mobile listed several different scams that target the most vulnerable population in American, those over 60 years of age.

These “very, very savvy” scammers do their homework, he said, and usually get a lot of information legally. While they may make a lot of “shots in the dark,” all it takes is one victim to make a lucrative payoff.

The elderly, Cook said, are targeted for their inexperience, especially with computers, their need for companionship and the fact…

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