The Rise of Crypto Scams Targeting Older Adults

Cryptocurrency fraud is one of the fastest-growing threats today, and scammers are targeting vulnerable older adults.

In this episode of Elder Law & Advocacy: The Conversation, Jaime Levine sits down with Chris Groshong, Certified Fraud Investigator and founder of the Crypto Recovery Alliance, to break down how crypto scams work, why they are so difficult to trace, and what victims and families can do after funds are stolen.

Chris specializes in cryptocurrency fraud investigations, including cases involving elder financial abuse and large-scale scams. Through his nonprofit, he plans to help families impacted by crypto fraud recover lost assets and to advocate for stronger protections in this rapidly evolving space.

In this conversation, we explore how crypto scams target victims and move money quickly, why cryptocurrency has become a major tool in financial fraud, and the challenges of investigating and recovering stolen funds. Chris also shares what families, professionals, and caregivers should watch for, and what victims can do if they have been targeted.

If you work with older adults, manage financial risk, or want to better understand crypto fraud and scam prevention, this episode is essential listening.