In 1996, there were 465,000 arrests for fraud crimes and 15,700 arrests for embezzlement. In addition, there were 121,600 forgery and counterfeiting offenses charged in 1996. National Institute of Justice Journal . Contradictory to common belief, older people are less likely to be victims of fraud than younger people.
Older people are, however, more likely to report economic crimes than their younger counterparts.
Victimization of Persons by Fraud. Fraud victims with some college background or a college degree appear to be the most vulnerable to fraud schemes, with persons who did not graduate from high school being the least vulnerable.