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Alleged Losses in Justice Department Elder Fraud Cases Doubled to $4.8 Billion in a Year as Foreign Schemes Grew, Annual Report Shows
The Justice Department's elder fraud cases from July 2025 through June 2026 named 712 defendants accused of taking $4.84 billion from 711,353 victims, more than double the $2.36 billion in last year's report, according to the department's annual report to Congress released Wednesday. Nearly half of the cases involved schemes run from abroad.
Yossi Schmidt
4 hours ago2 min read
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