Scammers are swiping billions from Americans every year. Worse, most crooks are getting away with it

William Bortz, left, stands alongside his daughter, Ave Williams, at his senior living center in San Diego. Bortz said criminals stole his family's nest egg of almost US$700,000 in an elaborate scheme. Sophisticated overseas criminals are stealing tens of billions of dollars from Americans every year, a crime wave that's projected to get worse as the US population ages and technology like AI makes it easier than ever to perpetrate fraud and get away with it. — AP

The scammers are winning.

Sophisticated overseas criminals are stealing tens of billions of dollars from Americans every year, a crime wave projected to get worse as the US population ages and technology like AI makes it easier than ever to perpetrate fraud and get away with it.