A Massachusetts police department is issuing a public warning following multiple recent reports of elderly residents being targeted in wire-transfer scams resulting in significant financial losses.
Over the past several days, Norwood Police have taken two reports involving elderly victims who were deceived into wiring large sums of money to scammers. In one case, a victim lost $160,000, and in another, approximately $35,000.
“These scams are designed to create fear and urgency, pressuring victims to act quickly before they have time to think or seek advice,” said Chief Christopher Padden. “Once money is wired, it is often impossible to recover.”…