Lincoln Proposes Ordinance to Combat Cryptocurrency Fraud Targeting Seniors
Mayor Leirion Gaylor Baird has introduced a new ordinance in Lincoln aimed at safeguarding older adults from cryptocurrency fraud.
The proposal mandates businesses with cryptocurrency ATMs to display warnings about potential fraud risks.
Some individuals are using cryptocurrency to attempt to defraud our seniors
said Mayor Gaylor Baird. She noted the proliferation of crypto ATMs, with 45,000 nationwide, including 200 in Nebraska and about 40 in Lincoln, as a growing concern for scams.
- 45,000 crypto ATMs nationwide
- 200 crypto ATMs in Nebraska
- 40 crypto ATMs in Lincoln
Police Chief Michon Morrow reported that since 2021, Lincoln has experienced 426 cases of cryptocurrency fraud, resulting in $11.1 million in losses.
The average age of victims is 56, with 42% aged 65 or older.
Author summary: Lincoln introduces ordinance to combat cryptocurrency fraud targeting seniors with warnings about potential risks.
More News
- Police raid Colonie hotel in search for McDonald's robbery suspect
- Spanish WorldSSP, Warm-Up Results | Philipp Oettl led the way ahead of the final race of the season | BikeSport News
- Nicolo Bulega issued an apology to Toprak Razgatlioglu after their Superpole Race collision | BikeSport News
- Spanish WorldSBK, Warm-Up Results | Toprak Razgatlioglu hit back on Sunday morning | BikeSport News
- Goorjian thrown out as Kings run over Wildcats
- Sam Rivers dies aged 48: Emotional tributes pour in for Limp Bizkit bassist
- Cape Town Marathon canceled due to damage from severe high winds