ALBUQUERQUE, N.M. (KRQE) – She thought she was protecting her money. Instead, a New Mexico widow lost more than $50,000 to criminals who may never be held accountable. This week on the New Mexico News Insiders Podcast, Chris and Gabby sit down with longtime investigative reporter Larry Barker, who takes listeners inside his latest report, ‘The Cruelest Con Game of All.’
A wire fraud victim shares how scammers convinced her to drain both her checking and savings accounts, and details how the scheme unraveled. Her story serves as a warning every family should hear.
“Last year, scams reported to the Federal Trade Commission by adults aged 60 and over reached $2.4 billion,” Barker explained. “That’s in one year. Now, most fraud goes unreported. So it is likely, experts believe, that that $2.4 billion is more like $80-90 billion a year in fraud. And primarily aimed at adults 60 and over.”…