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Resource ID: #14505
Subject: Fraud
Source: CBS News
Date: Nov. 20, 1997



One of hundreds of phone scams that cost elderly's about $40 billion a year. It was found an 81 year old man had lost $40,000 over the phone to a con man who promised guaranteed lottery winnings. The scammers are relentless and cruel, willing to bankrupt the unwitting.

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