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Pittsburgh resident lost $5 million to scammers posing as government officials — here’s how to spot the scheme
Yahoo Finance· 2026-03-29 18:00
Imposter scams targeting older people are on the rise — nearly four-fold since 2020 — with fraudsters using AI and social engineering to impersonate officials and trick you into handing over your money (1). One Pittsburgh-area resident lost $5 million after fraudsters impersonating government officials used a two-pronged impersonation scam to convince the victim his money was at risk, reports CBS News. Must Read The victim initially responded to a text message about a PayPal transaction. This gave the ...