Baby Boomers swindled out $3.4B after falling victim to phone scammers in 2023: FBI

Baby Boomers were scammed out of more than $3.4 billion in 2023 by fraudsters who phone the aging victims with bogus offers of tech support or to wire money to fake accounts — leaving some “destitute,” federal officials said.

Losses from scams reported by Americans over the age of 60 surged 11% last year from the previous year, according to an FBI report released Tuesday.

In all, the feds received more than 100,000 complaints from Baby Boomers — those between the ages of 59 and 77 — who said they had fallen victim to these scams.

Nearly 6,000 of those lost more than $100,000.

“It can be a devastating impact to older Americans who lack the ability to go out and make money,” Deputy Assistant Director James Barnacle of the FBI’s Criminal Investigative Division said.

“People lose all their money. Some people become destitute.”