Fraud Schemes Targeting Older Adults: Senate Aging Committee Sounds Alarm

Published in RINewsToday on July 21, 2025

“Congratulations! We are pleased to inform you that you are one of our lucky winners,” read the letter.

The official-looking correspondence—purportedly from the desk of the Vice President, International Promotions/Prize Award Department of Publishers Clearing House (PCH)—continued:

“On behalf of the members and staff of PCH, the Association of North America Lottery, and Provincial Sweepstakes, we sincerely congratulate you on your grand prize winnings of $750,000… Please contact your claims agent to arrange method of payment.”

Enclosed was a check, appearing legitimate, allegedly issued by Northern Fairfield Insurance (NFI) of Danbury, Connecticut, from a Webster Bank account, in the amount of $9,700.65.

According to the letter, the check was intended to help cover taxes, handling, and processing fees related to the prize.

Northern Fairfield Insurance, established in 1998, is a small firm with just three employees, including its owner, Jim Ostrove. Nearly two weeks ago, Ostrove began receiving calls—mine among them—asking whether the PCH letter and enclosed check were legitimate.

“The volume has tapered off by the day,” he admits, noting that “we’re no longer receiving any calls.”

A quick call to NFI confirmed my suspicions: the letter, marked “Confidential,” was a scam. In conversation with Ostrove, he said, “I felt violated and angry.”

Concerned, Ostrove contacted Webster Bank—the financial institution listed on the counterfeit check—to confirm that no account had been set up in his company’s name. The bank quickly verified this, noting that the check’s routing number was invalid and had no connection to a legitimate account. “Looking closely at the PCH check, I also realized that the name of my insurance company was misspelled,” Ostrove added.

Ostrove says the bank’s fraud unit was very helpful and confirmed the check was fake. His concerns about any potential financial fallout for his business were eased, he says.

Although Ostrove filed a police report, he had no real expectation that the scammers would be caught. “I just wanted the report on file in case someone came forward about the reward and tried to hold me financially responsible,” he said.

“My report made it very clear that I was a victim of fraud,” he emphasized.

According to the Federal Trade Commission, victims reported nearly $350 million in losses to prize, sweepstakes, and lottery-related scams in 2024.

Like me, the Better Business Bureau estimates that tens of thousands of individuals will receive similar scam mailings in 2025—complete with fake prize notifications, counterfeit checks, and fraudulent requests for payment or personal information. The actual number of victims may be much higher, as many incidents go unreported.

Senate Aging Committee Puts a Spotlight on Scams and Financial Exploitation

On Feb. 12, 2016, the U.S. Senate Special Committee on Aging announced the publication of its first full-year Fraud Book,” Protecting Older Americans Against Fraud, covering the period from January 1 to December 31, 2015. These annual reports aim to raise awareness about the growing number of fraud schemes targeting older Americans and provide specific recommendations to combat them.

The latest, published just recently, is a 40-page multi-language annual report, Age of Fraud: Scams Facing Our Nation’s Seniors (Report No. 119-35 of the 119th Congress), and was released on July 10, 2025. It highlights the many forms of fraud—including grandparent scams, tech support fraud, financial service scams, travel and timeshare fraud, romance scams, and government impersonation schemes.

“These schemes often target emotional vulnerabilities, particularly among seniors facing loneliness, isolation, or depression,” note Chairman Rick Scott (R-Florida) and Ranking Member Kirsten Gillibrand (D-New York) in a statement announcing the newly released report.

The 2025 bipartisan report outlines the growing financial threats facing aging Americans and ways for seniors to identify red flags that provide warnings of scams, suggests practical tips on how to protect themselves, and how to report scams. This year’s edition underscores the alarming rise in sophisticated schemes, particularly those utilizing artificial intelligence (AI). In 2024 alone, fraud and scams cost seniors over $4.8 billion, with those aged 50–59 losing an additional $2.5 billion.

“Across our nation, older Americans are being targeted every day by increasingly sophisticated scams that rob them not only of their hard-earned savings but also of their security and peace of mind. These attacks are personal, and they are unacceptable,” says Scott, stressing that fighting fraud against older Americans will remain a top priority for the Committee.

“Through critical initiatives like National Slam the Scam Day and our toll-free Fraud Hotline, we are expanding access to education, prevention tools, and direct support to empower families to recognize fraud and respond quickly,” he says.

“This report shines a direct light on the scale and severity of the threat we’re facing, and we must be united in our determination to stay vigilant, informed, and proactive in defending our seniors,” adds Scott.

Gillibrand adds, “We must do everything we can to prevent and fight back against these scams, and that starts with monitoring fraud whenever and wherever it occurs. As Ranking Member of the Senate Aging Committee, I’m committed to continuing the fight against fraud, and I hope this Fraud Book is a valuable resource for our aging communities.”

The report serves as a significant wake-up call to Congress. Fraud continues to skyrocket, notes the Committee. Citing FBI data, 2024 was a record year for losses reported to the Internet Crime Complaint Center, totaling a staggering $16.6 billion. There were 859,532 complaints that year—and over 4.2 million complaints over the past five years.

The report also emphasizes that fraud targeting older adults is growing in both complexity and financial impact, making enhanced awareness, education, and robust support systems more critical than ever.

 According to the FBI, from 2023 to 2024:

  • Overall losses increased 33%, mostly due to fraud.
  • Average loss for those age 60 and older rose to $83,000.
  • Reports for this age group increased by 43%.
  • Cryptocurrency-related losses rose by 66%.
  • Complaints involving cryptocurrency kiosks increased by 99%.

To safeguard aging Americans from fraud, scams, and financial exploitation, the Senate Aging Committee has led two bipartisan efforts: one resolution designating March 6, 2025, as National Slam the Scam Day to raise awareness and educate the public about fraud prevention, and another recognizing May 2025 as Older Americans Month. Both efforts aim to inform and protect older adults while reinforcing the committee’s commitment to combating fraud through public education, legislative action, and advocacy for stronger safeguards—ensuring seniors can enjoy their golden years with greater security and peace of mind.

From the Ocean State

According to the 2025 Fraud Report, the Federal Trade Commission reported 11,776 complaints were filed in Rhode Island in 2024.

“Our team tracks patterns of scams reported to us throughout the year,” says Timothy M. Rondeau, Communications Director for the Rhode Island Office of the Attorney General. “This year, we’ve continued to see a wide range of fraudulent actors deceiving Rhode Islanders through romance scams, imposter scams, and scams involving cryptocurrency.”

According to Rondeau, while new scams aren’t necessarily emerging, the tools and methods used are evolving. “AI tools are increasingly used in imposter and romance scams, where AI-generated voices and videos deceive and manipulate victims,” he explains. “While we can’t always confirm AI involvement in each case, we know the use of AI makes it much harder—especially for older adults—to distinguish between real and fraudulent interactions.”

For more information about common scams or to file a complaint, Rhode Islanders can visit: riag.ri.gov/scams

If you or someone you know has been a victim—or suspects they’ve been targeted—please call the Senate Aging Committee’s Fraud Hotline at 1-855-303-9470 (open weekdays from 9 a.m. to 5 p.m. Eastern Time). If you’d like a member of the committee’s team to return your inquiry, please include your phone number in the web form.

Go here to read the Senate Aging Committees 2025 Fraud Report,

The US Dept. of Justice released this information in recognition of Elder Abuse Awareness Day – The Justice Department Highlights Enforcement Efforts Protecting Older Americans from Transnational Fraud Schemes in Recognition of 2025 World Elder Abuse Awareness Day contains specific information on each type of fraud and what the US Government is doing to shut it down.

AARP offers  Tips on Protecting Yourself Against Fraud.

AARP also has a Fraud Watch Network.

Senate Aging Committee tackles AI generated scams

Published in RINewsToday on January 8, 2024

Over two months ago, U.S. Senate Special Committee on Aging Chairman, Bob Casey (D-PA), put the spotlight on Artificial Intelligence (AI) driven fraud and scams. During the Nov. 16 hearing held in SD-106, “Modern Scams: How Scammers Are Using Artificial Intelligence & How We Can Fight Back,” the Senate panel highlighted the most common scams targeting seniors in 2023 with a focus on how scammers are using AI to create voice-clones and deep fakes to deploy scams and convince targets of their veracity. The hearing also explored how AI is being used to enhance fraud detection technology.

During the Senate panel hearing, lasting one hour and a half, Chairman Casey announced the Senate Aging Committee’s release of its annual Fraud Book, and brochure on AI-powered  scams and a bookmark featuring tips to avoid scams. Chairman Casey also noted he would approach the Federal Trade Commission (FTC) to request information about the agency’s work to track the use of AI scams targeted to older Americans.  On Dec. 5, Casey sent a letter to the FTC urging the agency to track AI scams.

Senate Panel Takes a Look at AI’s Good and Bad

“Today, we heard disturbing testimony about scammers using artificial intelligence to make their ploys more life-like and convincing,” said Chairman Casey in his opening remarks. “Any consumer, no matter their age, gender, or background, can fall victim  to these ultra-convincing scams, and the stories we heard today from individuals across the country are heartbreaking. As a parent and grandparent, I relate to the fear and concern these victims must feel. Federal action is needed to put up guardrails to protect consumers from AI—while also empowering those that can use it for good,” he said.

At the Senate Panel hearing, Ranking Member Mike Braun of Indiana warned that an increasing number of sophisticated fraudsters are carrying out AI attacks on seniors by utilizing voice-cloning and deepfakes to create images nearly identical to a real-live  person to dupe consumers into giving away valuable information and money.

“In context of frauds and scams, AI can be leverage negatively – but it can also be part of the solution,” says Braun.

According to Braun, the private sector has used AI and machine learning since the 1990s to combat fraud.  He called on the federal government to embrace similar technology by testing promising solutions to systems that suffer the most fraud, like Medicare.

Gary Schildhorn, a Philadelphia attorney told the Senate panel about his story of an attempted scam against him where his son’s voice was cloned by AI.  When he received a call that sounded like his son Brett, saying he had been in a car accident and needed $9,000 to post bail, he almost fell for the scam.

“There was no doubt in my mind that it was his voice on the phone—it was the exact cadence with which he speaks.  I sat motionless in my car just trying to process these events. How did they get my son’s voice? The only conclusion I can come up with is that they used artificial intelligence, or AI, to clone his voice…it is manifestly apparent that this technology… provide a risk-less avenue for fraudsters to prey on us,” says Schildhorn.

In his testimony, Steve Weisman, an Amherst attorney with Margolis, Bloom & D’Agostino who teaches white-collar crime at Bentley College in Waltham, pointed to the Federal Trade Commission’s Consumer Sentinel report for 2022, revealing that seniors reported more than $1.6 billion in losses to frauds and scams. But the actual amount could be as high as $48.4 billion, he says, because many were afraid to report losing money due to embarrassment or sham.

Seniors Tempting Target to AI Scammers

Seniors are the target of scammers because “that is where the money is,” notes Weisman, because they may have a “life time of accumulated savings that make them a tempting target for scammers.”

According to Weisman, AI has created additional opportunities for phone call scams,  because it can be used to remove foreign accents from scammers voices, making them appear more reliable.  AI created Robocall scripts can enable conversations with the scammer’s targeted victims, too.  Finally, AI cloning technology can make the targeted victim below they are talking to a loved one.

Weisman says that AI can be used by scammers to set up social media bots that appear to come from “real” people.  This allows them to create large numbers of believable bots to promote numerous scams, particularly involving cryptocurrency.

Scammers are now using AI technology more effectively in romance and family emergency scams, too, warns Weisman. 

AI can create fake profiles on multiple dating platforms, writing a grammatically correct biography, making it easier for scammers in foreign countries who are not familiar with speaking English. AI can also create photos or deepfakes for the profile, he says.

Weisman told the panel that AI generating software can create an audio voice that sounds exactly like that of the grandchild, using as little as 30 seconds worth of the grandchild’s voice.

Seeking a Balanced Approach

“The interplay of AI and scams brings forth both challenges and opportunities. Striking a careful balance between fostering AI innovations and protecting vulnerable populations is paramount,” says Dr. Tahir Ekin, of the San Marcus, Texas -based McCoy College of Business.

“In the fight against AI driven scams, awareness and AI literacy are crucial weapons,” says Ekin. “Existing efforts that educate seniors on safe digital practices, such as the work FTC Federal Advisory Council and the “Pass It On” campaign, can be enhanced to include AI related scams,” he says.

Tom Romanoff, Director, Technology at the Washington, DC-based Bipartisan Policy Center, stated, “As the good of this technology is being explored, we must acknowledge AI’s risks and seek a balanced approach, focusing on curtailing abuse while promoting positive uses and innovations.”

“As I stated in the beginning, we must tackle the abuse while driving toward positive application to safeguard its adoption,” says Romanoff.

To view the Senate Aging hearing, held on Nov. 16, go to: https://www.youtube.com/watch?v=7CMhzgQdz_I.

For a copy of Fighting Fraud: Top Scams in 2022,  go to https://www.aging.senate.gov/imo/media/doc/fraud_book_2023__english.pdf

Can AI create an “Authentic” Commencement Address? 

Published in RINewsToday on May 15, 2023

It’s May and Rhode Island’s college seniors are graduating from colleagues and universities, ready to go out and make their mark on the world. According to the Education Data Initiative, this year there is an estimated 19,782 graduating seniors who will sit through commencement ceremonies with their families and friends, all listening to commencement speakers and watching diplomas being received. These graduation ceremonies are an academic milestone in the graduates’ lives.

The usual commencement address, traditionally about 10 minutes in length (up to 2,500 words), offers sound advice and inspiration to help the graduates to successfully navigate both their personal lives and professional careers throughout the years ahead. These speeches will vary widely, and can either be serious or lighthearted, but they should all be authentic, motivational, and informative.

The internet quickly makes the “sage advice” given by these commencement speakers available to millions across the globe. Whether you are a graduate or not, reading the speeches can be very helpful to anyone open to wisdom being imparted.

Many of the graduating seniors might not remember what they heard at the ceremony, but they just might remember the inspirational feelings felt during the commencement program.

As I have stated in previous commencement speech articles that I have penned, you don’t have to always be a politician, judge, television or radio personality, actor, or Fortune 500 CEO to give sound advice and tips to graduating seniors. As a matter of fact, it has been increasing popular to have graduates, themselves, deliver those commencement addresses, as well as “regular folk” who have overcome obstacles throughout their lives. Often, these addresses can be the most valuable with everyday knowledge. 

Real Folks Give Advice

In June 2014, this writer penned an article giving the Class of 2014 tips how they could ease into their professional niche in a state with the distinction of having the worst employment rate in the nation that continued to be one of the last states to see an economic revival – Rhode Island.

This article noted that there were many potential commencement speakers in local communities throughout the Ocean State who fly below the radar screen and could give college graduates sound strategies for success gleaned from their life experiences.  

Here are few tips given:

Michael Cassidy, Pawtucket, Retired“As you go into the ‘real’ world from the sheltered ‘world of college’ don’t be too quick to judge the new people you meet in the workplace.  People come in all types, sizes, shapes, temperaments, personalities, ages, and backgrounds; and they all have their own experiences from which you can learn. If you are smart enough to listen to what others have to offer, you can learn from them not only about what to do, but about what not to do. And most times learning what not to do is the most valuable lesson you can have.”

Susan Sweet, Rumford, former state administrator, non-profit lobbyist and advocatestated“In the short space that we are in the world, we must create meaning in our lives by contributing to the happiness and well-being of other people and other sentient beings. To do good and useful work, caring and acting for the betterment of others is the true goal of life.”

Larry Sullivan, Net Compliance Solution’s technical & consulting services. “Recognize opportunity. If you can’t identify opportunities, then they are very likely to sneak past you unnoticed. Most people’s search criteria are so narrow in focus that it can essentially blind them to opportunities available right in front of their face. It’s the old “can’t see the forest for the trees” scenario.  Also, see yourself as a valuable asset. Your self-image will make a huge difference in the type of opportunities you attract to yourself. If you see yourself as a valuable asset, and you present yourself as such, others will see you that way as well.”

Joan Retsinas, Providence, a writer.  “Savor, savor, savor. Savor the sunshine, and the rain. Savor your friends, your family, your colleagues. Nurture the people close to you. Be a friend. Fall in love. If you fall out of love, fall in again. Read “Winnie the Pooh” to a child. Eat ice cream. Ride a bike. Swim in the ocean. Laugh. As for fame, fortune, and success, don’t fret. They don’t really matter.”

This year, I haven’t been asked to give a commencement speech, but with all the talk about AI and how it can write essays and homework assignments as well as most important thing, I wondered what it would generate if I gave it a few prompts.  

Using AI to Generate Speeches

With emerging Artificial Intelligence (AI) I technology, future commencement speakers may be tempted crafting an inspirational and memorable speech.  ChatGPT (which can even mimic human speech in addition to creating high-quality content in seconds), is the latest way to quickly write a speech that stands out and leaves a lasting impact.

By using ChatGPT to write your speech, you can save time and create a speech that is tailored to your audience and purpose. But you must provide ChatGPT with all the necessary details and take the time to review and refine and tweak the draft speech to ensure it meets your needs.

Massachusett Congressman Jake Auchinclosstook a creative approach to his most recent speech on the House floor to make a point about artificial intelligence.  He was speaking on a bill to create a center for AI research, and used the artificial intelligence tool ChatGPT to write his speech.

According to a Jan. 20 article penned by Popular Science’s staff writer Andrew Paul, attendees of the World Economic Forum’s Davos summit openly admitted that they use AL for speeches and emails.  Speaking with CNN, Microsoft CEO Satya Nadella stated in a speech that he is already relying on ChatGPT as a “writing assistant and thought partner,” reported Paul in his article, noting that among Nadella’s daily tasks, the AI chat program helps him craft emails, alongside speeches “in a friendly, upbeat, authoritative tone with mixed cadence.”

Last February, Isaac Herzog, the president of Israel, became the first world leader to publicly use ChatGPT, after delivering a speech at the Cybertech conference in Tel Aviv, partly composed by the AI ,the Jerusalem Post reported, AL wrote the introduction of the speech and generated a “inspirational quote” for its conclusion.  

You can expect more people to follow Auchincloss, Herzog, and Nadella’s lead in using ChatGPT, the latest AI technology to write their speeches.  

Here’s my attempt: To the graduating class of 2023

After typing in “2023 Commencement Speech” along with key issues of interest to me such as  political “global unrest,” the “economy” and “political divide at the national and state levels,”  ChatGPT, was able to generate the following address that could be given to this year’s graduating seniors, in just 10 seconds, and with a perspective that reflects the way I was thinking.

“To the graduating 2023 seniors, I provide you with a commencement speech to thrive in the coming years.  

I am honored to be standing before you today as you embark on the next chapter of your lives. You are graduating during a time of great uncertainty and unprecedented challenges. The global pandemic has disrupted every aspect of our lives, the economy is struggling, and political divisions seem to be widening every day. But despite these challenges, I am confident that you are well-equipped to navigate these uncertain times and succeed in whatever path you choose to pursue.

First and foremost, I want to acknowledge that the current events have taken a toll on all of us, and I want to offer some advice on how to cope with them. The pandemic has changed the way we live, work, and interact with one another. It has forced us to adapt to new ways of doing things and challenged us to find creative solutions to problems. It has also reminded us of the importance of community and the power of human connection.

As you go out into the world, remember that you are not alone in facing these challenges. Seek out and build relationships with people who share your values and can support you during difficult times. Take care of your physical and mental health, and be proactive about seeking help if you need it. And remember to be patient and compassionate with yourself and others as we all navigate these uncertain times together.

The poor economy is another significant challenge that you will likely encounter as you enter the workforce. The job market may be tough, and it may take longer than you anticipated to find your dream job. But remember that setbacks are temporary and that your hard work and dedication will eventually pay off. Be open to new opportunities and willing to learn new skills that can make you a more attractive candidate to potential employers.

One of the most important things you can do to cope with the poor economy is to be financially responsible. Live within your means, save money whenever possible, and avoid taking on unnecessary debt. This will give you more flexibility and freedom as you navigate your career and personal life.

Finally, I want to address the political divide that seems to be widening in our country. It can be disheartening to see so much division and negativity in the news and on social media. But I encourage you to stay informed, engage in civil discourse, and seek out diverse perspectives.

Remember that we are all human beings with different backgrounds, experiences, and beliefs. 

We may not always agree with one another, but we can still treat each other with respect and kindness. Be willing to listen to other points of view, and don’t be afraid to change your mind if new information or perspectives come to light.

In conclusion, I want to remind you that you have the power to shape your future and make a positive impact on the world. The challenges that we face today may seem overwhelming, but I am confident that you have the skills, knowledge, and resilience to overcome them.

As you go out into the world, remember to be patient, kind, and compassionate. Take care of yourself and those around you, and always strive to be your best self. Congratulations, graduates, and good luck on your journey!”

With the growing interest and use of ChatGPT, will more commencement speakers take advantage of this new AI technology?  Will the graduating seniors see the difference from an originally written, “authentic” speech providing tips gleaned from life-long experiences (like speeches given by college graduates or regular folks) or an AL generated address?  Time will tell. 

The above commencement speech was obtained from https://chat.openai.com/.