The Boston Police Department is issuing warnings about numerous scams targeting older residents and offering some advice on how to avoid becoming a victim.
According to police, scammers are targeting older Bay Staters with a range of schemes aimed at parting them with their savings, from old-fashioned home improvement fraud to newer scams centered around cryptocurrency.
The rise of digital currency has coincided with millions in financial loss for Boston residents, according to the BPD, and in 2024 alone city residents lost over $9 million to cryptocurrency scammers. The department warns that “losses could rise even higher in 2025 as scams become more sophisticated and widespread.”
Seniors are advised to watch out for investment scams and any attempts to force them to buy cryptocurrency