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Retiree Lost $10K in Crypto Scam, How to Protect Yourself

Retiree Lost $10K in Crypto Scam, How to Protect Yourself

Indianapolis News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 31, 20261m 34s

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Show Notes

Timothy Patton, a Bedford retiree, falls victim to a crypto scam, losing $10,000. The scam, known as pig-butchering, involves fake crypto investments and high-pressure pitches. Patton shared his Social Security number, putting him at risk for identity theft. The FBI reports a 47% increase in such scams, with seniors over 60 being the hardest hit. Patton urges caution, advising to freeze credit and stick to regulated brokers.

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