Geek News Central Podcast (Video)

Crypto Scam Targets Elderly Globally

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February 20, 2025 7:00pm

47m

Two men, aged 54 and 36, were arrested in England for a cryptocurrency fraud that cost a 75-year-old Aberdeen resident a six-figure sum. Police Scotland, with assistance from West Midlands and South Yorkshire Police, led the operation. Authorities stress vigilance as elderly individuals remain frequent scam targets, with crypto fraud surging globally.

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Full Summary:

In the podcast episode “Crypto Scam Targets Elderly Globally,” host Todd Cochrane begins by discussing the arrest of two men in England for a cryptocurrency fraud case, which cost a 75-year-old Aberdeen resident a significant amount of money. He emphasizes the importance of vigilance as elderly individuals are often targeted by scammers, especially with the rise of cryptocurrency-related fraud.

Cochrane welcomes listeners to episode 1801, expresses gratitude to the sponsor GoDaddy, and encourages audience engagement through various platforms, including a shout-out to their community. He mentions the ease of interacting with the live show via modern podcast apps.

After a brief sponsor promotion, which includes various deals on GoDaddy products, he reflects on the past week’s events and notes the absence of listener emails urging them to share comments or feedback. Cochrane shares that Apple has innovated podcast submission processes, which now allows for easier podcast submissions.

As the conversation progresses, Cochrane dives deeper into the cryptocurrency scam. He highlights the pattern of scamming older individuals and warns listeners, especially family members of the elderly,