Home Scam/Fraud Older New Mexicans lose millions to fraud

Older New Mexicans lose millions to fraud

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Older New Mexicans lost more than $7 million to online scams and other fraud schemes in 2020, the FBI says in a new report.

The bureau’s Internet Crime Complaint Center — dubbed IC3 — found 837 state residents over the age of 60 were duped out of a combined $7,127,910, with nearly $4 million lost to so-called romance scams, according to the report. 

That marks a steep decline in the average dollar amount lost to each victim of such crimes in 2019 but an increase in the number of victims. That year, over $13.5 million was taken from 528 senior victims in New Mexico.

Frank Fisher, a spokesman for the FBI’s Albuquerque field office, said seniors are often more susceptible to romance cons, in which someone builds their trust and confidence before asking for money. He cited a more trusting nature among many older residents and noted they also remained isolated from family and friends…

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