After retired Chicago-area priest loses life savings in scam common among seniors, friends and parishioners step up

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In 2022, there were 88,262 victims over the age of 60 of internet-related fraud and $3.1 billion in losses, according to the FBI’s Elder Fraud Report, marking an 84% increase in losses compared with 2021.

The Rev. Robert Banzin had saved up about $61,000, which he planned to use to replace his 20-year-old car and pay for medication and other expenses. But these plans are now on hold. The 85-year-old retired Catholic priest was robbed of his life savings in a financial scam, which friends and colleagues, who say he’s a “wonderful” and “positive” influence, are helping replenish through fundraising.

Scammers often claim to be from the Internal Revenue Service or Social Security Administration and tell people they need to give their information “right away” to avoid a tax penalty, she said. Some scammers also say the senior’s grandchild is arrested or in an emergency, and they need to wire money to help them, Moreno said.

 

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