Scammers have only become more sophisticated over time, stealing tens of billions from Americans annually, with the emergence of artificial intelligence (AI) exacerbating the problem. But one type of fraud in particular—elder real estate fraud and financial exploitation—has flown mostly under the radar, rising in recent years as the average price of homes has increased.
It is time to reverse this trend. State and federal governments must work collaboratively with the private sector toward a solution before more older adults fall victim.
