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Senior scam victims in US face tax woes after losing retirement savings
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Ms Mary Ellen Strange, 75, was deceived by fraudsters impersonating federal investigators, and now owes the IRS an estimated US$100,000 this year.
PHOTO: LUKE SHARRETT/NYTIMES
Tara Siegel Bernand and Ron Lieber
They were conned by skilled online criminals into draining their retirement savings. After the shock, shame and grief that followed, the victims were often left with something else: an enormous income tax bill.
Ms Mary Ellen Strange, a 75-year-old widow who was deceived by fraudsters impersonating federal investigators, now owes the IRS (Internal Revenue Service) an estimated US$100,000 (S$133,400) in 2025.
