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

Retirees are falling victim to holiday charity scams, losing millions to fraudsters who exploit the season's spirit of giving. Scammers create fake organizations with names that closely resemble legitimate charities, making it difficult for donors to discern the truth. They use untraceable payment methods and personal information obtained from data brokers to steal donations. This issue is particularly concerning as it preys on the goodwill of those looking to help others during the holidays, highlighting the need for increased awareness and vigilance among potential donors.