June is elder abuse prevention month [Video]

PHOENIX (AZFamily)— According to the Federal Trade Commission and the Federal Bureau of Investigations, senior citizens lost $3 billion in financial scams and fraud last year alone.

For scammers, targeting seniors is a full-time job. And the payout is staggering. The FBI says the average loss for older Americans was $33,915.

Rodnee Warr is with the Elder Client Initiatives Team at Wells Fargo and tells On Your Side, “We classify 60 and above as older adults. I know that is relatively young. The Federal Trade Commission considers that age as a starting age for determining older adults.”

Warr tells On Your Side that folks over 60 are targeted for several reasons. “I think that older adults are targeted because they have time and money. They have more time on their hands and willing to entertain conversations whereas maybe I would delete a message I got from someone that I don’t I …