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Your senior parents are easier to impersonate than you are
Americans 60 and older filed 201,266 complaints with the FBI's Internet Crime Complaint Center in 2025 and reported $7.7 billion in losses, the highest total of any age group. The average loss for older victims was nearly $38,500, almost double the figure for younger filers. The Federal Trade Commission's December 2025 report to Congress estimated that the overall cost of fraud to older adults in 2024 ranged from $10.1 billion to $81.5 billion, depending on how underreporting is measured.
Your senior parents are easier to impersonate than you are
Americans 60 and older filed 201,266 complaints with the FBI's Internet Crime Complaint Center in 2025 and reported $7.7 billion in losses, the highest total of any age group. The average loss for older victims was nearly $38,500, almost double the figure for younger filers. The Federal Trade Commission's December 2025 report to Congress estimated that the overall cost of fraud to older adults in 2024 ranged from $10.1 billion to $81.5 billion, depending on how underreporting is measured.
Microsoft could be the next Big Tech antitrust target
Over the past several years, Microsoft has largely managed to withstand populist calls to break up Big Tech while peers faced sweeping lawsuits. But a probe by the Federal Trade Commission suggests that grace period could be nearing an end. Earlier this year, Bloomberg outlined the contents of civil investigative demands (CIDs) - similar to a subpoena - the FTC sent to at least half a dozen companies that compete with Microsoft.
Nintendo will pay a $40 million fine for faulty Joy-Cons
Nintendo will pay a $40 million fine for faulty Joy-Cons A French regulatory authority accused Nintendo of Europe for deceptive business practices. The Joy-Con stick drift saga never ends. France's equivalent of the Federal Trade Commission, Direction Générale de la Concurrence, de la Consommation et de la Répression des Fraudes or DGCCRF for short, hit Nintendo of Europe with a 35 million euro fine, or more than $40 million.
Elon Musk tries again to escape FTC audits of X data handling
Critics hope to keep Elon Musk from escaping a strict data-privacy order imposed by the Federal Trade Commission (FTC) shortly before he took over Twitter. The FTC order placed restrictions on X's data use for 20 years, while requiring regular independent audits and granting the agency authority to request documents as needed to ensure compliance. The FTC’s action came after Twitter voluntarily disclosed that between May 2013 and September 2019, a coding error accidentally allowed phone...
Live: Fair Work Commission to hand down annual wage review
live Federal politics live: Fair Work Commission to hand down annual wage review Almost 3 million workers will learn how much their wages will increase when the Fair Work Commission hands down its annual review today. Follow all the updates in our live blog. Submit a comment or question Live updates New: Filters Choose what information you see below by using filters Tue 2 Jun 2026 at 7:29am Farley won't comment on Hanson's attendance record Back to One Nation's David Farley for a moment, as...
Polymarket cuts ties with George Santos as regulators probe trades on rival prediction market
Polymarket cuts ties with George Santos as regulators probe trades on rival prediction market Polymarket is ending its paid relationship with George Santos as federal regulators investigate him for possible insider trading - Bookmark The online prediction platform Polymarket is ending its paid relationship with George Santos as federal regulators investigate whether the former congressman illegally bet against his own attendance at President Donald Trump’s State of the Union. Santos placed...
Immigration lawyers slam scammers stealing their identities and offering fraudulent services
Immigration attorney Angel Leal Jr.’s face changes when he talks about how his life has changed since he became a victim of identity theft. “I don’t have enough words to describe these subhuman people, because that’s what they are. They take advantage of other people’s needs, understanding that there is fear in the community, understanding that people are scared,” says Leal, who practices immigration law in Doral, Florida, and whose image and name and even his voice have been cloned with...
George Santos betting activity on Kalshi flagged to DOJ, source says
Betting activity by disgraced former Rep. George Santos on the prediction market Kalshi has been flagged to federal authorities, according to a source familiar with the investigation. Kalshi alerted the Justice Department and the United States Commodity Futures Trading Commission about bets Santos placed regarding his attendance at President Trump’s State of the Union address in February, according to the source, who was not authorized to discuss the matter publicly. Santos, 37, told his...
Commodities regulator alleges Winklevoss' Gemini crypto exchange was politically targeted
The chairman of the Commodity Futures Trading Commission said it's correcting a flawed enforcement action against Gemini Space Station, the crypto exchange run by the Winklevoss brothers, alleging caught up in a broader campaign against the crypto industry under the Biden administration. "The Biden administration weaponized the federal agencies against the crypto industry and many other industries," Michael Selig said Tuesday in a CNBC "Squawk Box" interview. "They politically targeted...