Retirees lose millions to fake holiday charities as scammers exploit seasonal generosity

The article discusses the growing problem of fake holiday charities targeting retirees. Scammers are exploiting the seasonal generosity of retirees by creating lookalike organization names, making untraceable payment requests, and using data broker information to steal donations. These scams have resulted in millions of dollars in losses for retirees. The article highlights the tactics used by the scammers, such as creating charity names that are similar to legitimate organizations, making it difficult for donors to verify the authenticity of the charity. Additionally, the scammers use untraceable payment methods, making it challenging to track the stolen funds. The article emphasizes the importance of being cautious when donating to charities, especially during the holiday season, and verifying the legitimacy of the organization before making a contribution. It also suggests that retirees are particularly vulnerable to these scams due to their limited access to information and resources.