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AARP urges working group on consumer fraud amid rising scams targeting older adults
Summary
AARP Connecticut asked the Banking Committee to create a working group to study consumer fraud (HB 5315), highlighting scams that use gift cards, cryptocurrency and impersonation and citing Federal Trade Commission estimates of large losses to older adults.
John Wilson, volunteer state president of AARP Connecticut, told the committee that a working group to study consumer fraud would collect evolving trends and provide actionable recommendations to legislators and law enforcement. Wilson said fraudsters increasingly use gift cards, electronic payments and cryptocurrency and that many losses are irreversible without timely…
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