The FBI joined federal partners and Attorney General William P. Barr
today in announcing the results of a yearlong targeted effort to capture
and prosecute fraudsters who prey on the elderly. Coordinated law
enforcement actions in the past year, they said, resulted in criminal
cases against more than 260 defendants who victimized more than 2
million Americans, most of them elderly. Losses are estimated to have
exceeded more than $700 million.
“The people involved are
vulnerable, and because of their stage in life, they don’t have the
opportunity frequently to recover. And so these losses are devastating
to them,” Barr said during a press conference at the Department of
Justice in Washington, D.C.