Sophisticated overseas criminals are swindling tens of billions of dollars from Americans annually, with a rise in technology making fraud easier and more elusive. Victims, particularly older individuals, often lose life savings to various scams without recourse, as law enforcement struggles to keep up with the overwhelming wave of online and telephone fraud. And with stolen funds quickly converted into untraceable cryptocurrency or wired into foreign accounts, many scammers remain at large while victims face discouragement and financial devastation. Despite efforts by banking institutions to bolster security measures, a united national strategy is urgently needed to combat this epidemic more effectively. As the scale of elder fraud continues to climb, cooperation between law enforcement and industry is key to cracking down on these ruthless criminals and protecting vulnerable populations from financial ruin.