ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

75-Year-Old Woman Loses $86K in Tech Support Scam, Duped by False iPad Notification

Scammers often target senior citizens because they see them as vulnerable and trusting individuals.
PUBLISHED APR 17, 2024
Cover Image Source: 75-year-old woman lost $86k in tech support scam (representative image) | Unsplash | Photo by  Dose Media
Cover Image Source: 75-year-old woman lost $86k in tech support scam (representative image) | Unsplash | Photo by Dose Media

In today's digital age, fake alert scams are preying on individuals through various channels, including smartphones, computers, and even smart devices. Fake alert scams often look like normal messages from banks, government agencies, or big reputed companies. The messages are always about something profitable like they are offering you an interest-free loan or you have won a prize in XYZ company. And just in case, you end up falling for these, you might lose not just a huge amount of money but also give away all your personal information including banking and other credentials. A similar case happened where a woman from Maryland lost $86k because she believed the fake notification she got on her device. Let's see how it happened. 



 

As per the court, some scammers posing to be helpful men convinced a 75-year-old woman from Maryland to transfer them some money as her iPad was hacked. They lured her as she wanted to keep her savings and she kept sending them big amounts. But when they asked her to make a massive transfer of $62,500, she immediately went to F&M Trust and learned that she had been scammed all this time.



 

Looking at the situation, the bank security officer asked her to contact the sheriff's office. As a part of the investigation, the F&M bank manager pretended to hand over money to the woman as one of the scammers listened on the phone. Later as per the legal instructions, the investigators then took the two New York men into custody who were seen lurking near the woman's home in a Porsche. The Sheriff's office released a statement saying, "Scammers rely on lies, pressure, and manipulation to trick you into giving away your hard-earned money. A trusted person who hasn't been exposed to the scammers' tactics may provide the clear-minded perspective you need to avoid becoming a victim." 

Scammers often target senior citizens because they see them as vulnerable and trusting individuals. One of the other major reasons is that scammers have the notion that seniors do not have many friends or might have trouble remembering things, which makes them easier to trap and rob. Scammers are aware that, unlike this generation, the older ones have a lot of money saved in FDs, PPFs, and other banking schemes with no one to help them. Therefore, they misuse the situation by impersonating banking officials and taking their money.



 

The reasons can be numerous but scammers leverage only some of them. A majority of senior citizens are not well-versed with the internet and how the technology and UPIs work. Hence, they get tricked easily. Additionally, they tend to speak politely with everyone and think that everything online is true. But that's not the case. Many a time, older people agree to what scammers say or maybe sign on papers, and later, when they tell their family members, it is revealed that they have been scammed. 

MORE ON MARKET REALIST
The guest later mentioned that her father would be surprised and joked that she might send it back to him.
8 hours ago
The guest who was looking for $300 changed his mind after the artifact got a big appraisal.
9 hours ago
The show's expert turned out to be off by miles as the item was much more significant than he knew.
10 hours ago
Turns out the pages weren't out of any common edition of the Bible but an important one.
11 hours ago
While Harrison was ready to fork up serious cash for the Roman coin, the owner had other ideas.
13 hours ago
Despite the huge offer, the owner of the memorabilia chose to walk out on Harrison.
1 day ago
Fans were considering all possibilities in the wake of a streak of bonus round losses.
1 day ago
Cuban had dropped out twice before coming back with the offer for the entire firm.
1 day ago
The guest who only knew that the ring was worth $20,000 in the 70s wasn't prepared for the appraisal
2 days ago
Courtney White competed on the show with her friends as part of a bragging rights episode.
2 days ago
Miniature construction material maker, Mini Materials, was ironically 'too small' for the Sharks.
2 days ago
When Harrison came across 'The Book of Mormon' he went out of his way to not lowball it.
2 days ago
Many everyday essentials have been impacted by the recalls issued in the past couple of months.
3 days ago
Apart from being expensive, the violin held immense sentimental value for the guest as well.
3 days ago
The Chinese Tang Dynasty Marble Lion, which stunned the expert, fetched a $180,000 appraisal.
4 days ago
The White SUV was kept hidden from the public eye by Simpson's ex-agent who contacted Rick Harrison
4 days ago
The former Presidential candidate was a one-day champion on the show.
4 days ago
Harrison mentioned that Houdini was one of the best performers ever.
5 days ago
The collection, which was probably bought for about $100, fetched an astounding valuation.
6 days ago
While the Sharks saw merit in All33's chair, they were choking on its sky-high valuation.
6 days ago