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Most victims are elderly U.S. citizens some of whom lost $100,000 or more
Many had been warned early on by friends and relatives that it was a scam
Interesting aspect of scams is that many victims have been warned. Some are victimized repeatedly. And not always the elderly.
See any elementary text book on statistics for an explanation of why it is wrong.
Why yes, and I am sure that there really is a sucker born every minute (verified by the census no less) and that a certifiably weighed ounce of prevention does stop a certifiably weighed pound of misery.
Suckers with money are a recent... phenomenon.
Not so. They've always existed. Think of the number of people in medieval Europe who were willing to buy a "piece of the True Cross". There were enough of them to support a large body of con-artists who lived by the sale of these items.
If anything, I think people are more sophisticated these days. It's just that we've got a long way to go, that's all.