The Lady Lake Police Department is investigating two separate fraud cases reported over the weekend involving senior residents who suffered significant financial losses after being contacted by individuals posing as trusted institutions. In both cases, the victims were persuaded to transfer money under false pretenses – and in total lost nearly $72,000.

While detectives are actively investigating, police are reminding residents, especially seniors and their families, that scammers continue to use increasingly sophisticated and convincing tactics to trick victims into sending money.

According to the Federal Trade Commission, Americans reported losing more than $2.9 billion to imposter scams, with older adults bearing a disproportionate share of those losses. In 2024, consumers reported losing more money to scams where they paid with bank transfers or cryptocurrency – as is the case with these instances of fraud.

Lady Lake Police Chief Steve Hunt stressed the importance of awareness and prevention.

“If someone calls, texts, or emails you claiming to be from your bank, a government agency, or a major company and asks you to move money, buy gift cards, or send funds through bitcoin or wire transfers, end the conversation immediately,” he says. “Legitimate organizations will never demand payment this way. When in doubt, hang up and call the institution directly using the number on your bank card or official paperwork.”

The Lady Lake Police Department encourages family members and caregivers to speak with their loved ones about fraud prevention. Anyone who believes they or someone they know may have been the target of a scam should contact the Lady Lake Police Department at 352-751-1560.