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AnnMarie Palermo-Smits, a lawyer who specializes in estate planning, has seen elder fraud up close.
The commission has 50 people devoted exclusively to fighting Internet fraud, up from just 2 a couple of years ago.
More than 32% reported that their data was used to commit credit card fraud, up sharply from 16% in 2015.
In the 2006 fiscal year, it documented 35,600 reports of suspected mortgage fraud, up from 22,000 the year before and 7,000 in 2003.
In the 2006 fiscal year, it documented 35,600 suspicious-activity reports related to mortgage fraud, up from 22,000 the year before and as few as 7,000 in 2003.
As of March 375 FBI agents work exclusively on health care fraud, up from about 100 in 1992.
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"One for mail fraud" [holds up middle finger].
Indeed, the theory that this whole thing is a fraud comes up frequently.
And often, the money from the fraud ends up being laundered into overseas bank accounts.
Credit-card fraud made up about 10percentt of the total number of complaints referred to law enforcement.
In 1986, Duque was convicted on 60 counts of bank fraud involving up to $100 million in loans.
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