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Major companies join forces to launch National Elder Fraud Coordination Center

AARP, Amazon, Google, and Walmart launch NEFCC, a nonprofit aimed at tackling elder fraud, addressing a $61 billion crisis in 2023. Image (c) ConsumerAffairs

The group is targeting a growing epidemic of fraud against older Americans

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Key takeaways:

  • AARP, Amazon, Google, and Walmart unite to combat elder fraud through a first-of-its-kind nonprofit.

  • The National Elder Fraud Coordination Center (NEFCC) will connect law enforcement with industry data to target fraud rings.

  • Older Americans may have lost over $61 billion to fraud in 2023 alone, according to the FTC.

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