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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

80-Year-Old Californian Contemplates Suicide After Losing $720K Life Savings To Scammer

Senator proposes new bill to curb financial elder abuse. (Credit: Alice Lin)

80-year-old Alice Lin was tricked into wiring her life savings of $720,000 to an online scammer in August 2022. The grave situation made the Southern California widow contemplate suicide. However, Lin, who also takes care of her disabled son, decided to fight back for her money. Although the small-business owner repeatedly visited the Chase Bank for help, she eventually sued the bank as it failed to acknowledge she could have been a victim of elder fraud.

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