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The Economic Times

Global Business / The Economic Times

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How one email cost a 77-year-old retiree $390,000 and his retirement plans

Jeffrey Maas, a 77-year-old retiree, lost his life savings after falling for a scam. He received a fake email about an antivirus charge that led to a phone call with a scammer. Maas was manipulated into believing he had to buy gold to reverse a fraudulent deposit. He filed a lawsuit against his bank and the precious metals dealer for negligence.

23 Sep 2026 2:35 pm