Fraudsters are calling Arizona seniors in a new wave of bitcoin scams, state officials said.
Attorney General Kris Mayes is warning that vulnerable people are being targeted, and seniors should be on “high alert.”
Scammers sometimes have a senior’s personal information when making calls to deceive them into believing their financial accounts have been compromised, according to a release from the Arizona Attorney General’s Office.
They then urge quick action, instructing victims to withdraw money from their accounts and wire the cash as bitcoin. They discourage contacting law enforcement or telling anyone about the ongoing “investigation,” the release stated.
“Scammers are taking advantage of vulnerabilities among some senior citizens like trust in others and a lack of familiarity with digital currencies like bitcoin,” Mayes said. “It's crucial that our seniors take the time to verify information and consult with trusted advisors or family members before making irreversible financial decisions.”
Tips to Avoid Falling Victim to Scams:
If you believe you or someone you know has been the victim of fraud file a consumer complaint by visiting www.azag.gov/consumer. If you need a complaint form sent to you, contact the Attorney General’s Office in Phoenix at 602-542-5763.