Protecting Our Elders: A Guide to Financial Exploitation in the AI Era
- Jul 20
- 3 min read
Updated: 5 days ago
September 2nd, 2026
1pm ET / 12pm CT
Elder financial abuse is surging, and your financial institution's staff can be the difference between catching it early and a member or customer losing their savings.
The FBI reports that Americans ages 60+ lost $7.7 billion to elder fraud in 2025, up 60% from the year before. Elder financial exploitation takes many forms: romance scams, investment fraud, grandparent scams, and caregivers or family members abusing power of attorney. Each scheme leaves different clues, cases are often vastly underreported, and they can lead to mental and emotional trauma for the victims.
RiskScout’s latest webinar follows the full arc of elder fraud in one BSA and compliance training session.
• Prevention: how families and financial institutions can stop elder exploitation before it starts
• Detection: how financial exploitation shows up in account activity and how to detect it
• Investigation: what happens after a Suspicious Activity Report (SAR) is filed
Join Corey Lynch, CAMS, RiskScout's Senior Product Manager, to hear the red flags his team sees every day, Steven Shapiro, Criminal ASAC with the FBI, on how SAR filings support real elder fraud investigations, and Todd Wascom, VP of Sales at Carefull, on how prevention tools protect families before exploitation starts.
What You’ll Learn
Scheme types driving elder fraud losses today and how each one unfolds
The red flags that separate normal account activity from financial exploitation in progress
How to train staff and educate members/customers to catch and report before damage is done
How SAR filings fit into FBI investigations, and how your BSA reporting supports law enforcement
MEET THE PRESENTERS
Corey Lynch, CAMS,
Senior Product Manager at RiskScout
Corey Lynch, CAMS, has been at the intersection of technology and financial crime since 2014. He has dedicated his career to collaborating with financial institutions to understand their product requirements, navigate industry challenges, and uncover opportunities for innovation. Passionate about leveraging technology to combat financial crime, Corey has worked with hundreds of credit unions and community banks across the United States and Canada and is a well known guest speaker on the conference circuit and for industry webinars.
Recently, Corey joined RiskScout as a Senior Product Manager. In this role, he serves as the vital bridge between industry needs and RiskScout’s product capabilities. Leveraging his extensive product expertise, Corey collaborates across Sales, Product, and Marketing teams to guide prospective partners toward tailored solutions that optimize their operations. He remains deeply committed to empowering community financial institutions to keep their communities safe and prosperous.
Steven Shapiro,
FBI Criminal ASAC
Steven Shapiro currently serves as FBI New Haven’s Criminal Assistant Special Agent in Charge (ASAC). In this role, ASAC Shapiro leads the Homeland Security Task Force as well as the FBI’s violent crime/gang, public corruption, and financial crime squads across the state of Connecticut.
Prior to joining FBI New Haven, ASAC Shapiro served as the Financial Crime Squad Supervisor in FBI New York’s Brooklyn/Queens Resident Agency (RA), where he led a team of Special Agents, intel professionals, and forensic accountants as they investigated elder fraud, cybercrime, and money laundering matters. Previously, ASAC Shapiro also led the FBI’s Intellectual Property Rights Unit, where he provided guidance and support on all FBI theft of trade secrets, counterfeit good trafficking, and online piracy cases. ASAC Shapiro began his FBI career working complex white-collar crime, domestic terrorism, and violent crime matters in FBI Oklahoma City’s Lawton RA. Prior to joining the FBI, ASAC Shapiro founded a law firm offering corporate counsel to a variety of entrepreneurs and start-up business clients. ASAC Shapiro received his JD and MBA from Suffolk University, by way of Amherst College.
Todd Wascom,
VP of Sales at Carefull
Todd Wascom is Vice President of Sales at Carefull, where he leads efforts to bring Carefull's financial safety platform to financial institutions, wealth managers, and the families they serve.
Previously, Todd led the Community FI sales org at Alkami, a leading digital banking platform provider, following years delivering products and services to FIs ranging from community institutions to the largest banks in the world. He was drawn to Carefull after his own grandparents became victims of elder fraud, an experience that turned his work into a personal mission.
