An 80-year-old was scammed out of $285,000. His computer was accessed remotely, and his money turned into cryptocurrency.

An 80-year-old man was scammed out of $285,000 when fraudsters remotely accessed his computer and transferred his money to a cryptocurrency account; he has filed a negligence claim against Charles Schwab for failing to prevent the theft. This highlights the need for financial institutions to enhance security measures to protect elderly clients from sophisticated scams.

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