This example is all too typical. An elderly couple was scammed out of their life savings–$5 million—by a “pig butcherer” who conned the husband into wiring the couple’s savings, in a number of tranches, to the scammer under the guise, among others, of investing the money in a sure-fire investment.

What happened:

A year or so earlier, Craig had responded to an online ad about investments and later received a text message from someone calling themself Tiffany, according to his hazy account. The person struck up a flirtatious exchange and was soon telling him about a lucrative opportunity. All he needed to do was wire money from his bank account.

And

The adviser [at an earlier bank where the husband had begun his “investing” with Tiffany] had repeatedly tried to convince Craig that “Tiffany” was scamming him, to no avail.

The husband after that had pulled his—their—money from that bank and placed it with another bank, from which the husband continued “investing” with Tiffany.

And

Shortly after discovering the scam, Anamarie learned something else about Craig that helped explain what had happened. His doctor told her that Craig had vascular dementia, likely due to a brain injury from a fall he took in 2015 while walking his brother-in-law’s dog.

The first the wife knew anything was amiss was when her credit cards were declined at a Walmart.

In the end, the couple is blaming bank for their having been scammed, claiming that the bank hadn’t acted nanny-ish enough [my term] to protect the couple from themselves.

I have questions, and I’m not entirely sympathetic with the couple or with their blame-shifting.

Why didn’t the wife know more about the couple’s financial situation? True enough, they’re of an age where money matters usually was the husband’s job, but that doesn’t excuse her ignorance; it only illustrates how widespread such ignorance is.

What was the husband doing getting flirty with an online person about whom he knew nothing about, including whether the person even was female? See below for this before readers get up in morality arms.

Why didn’t the wife know anything about her husband’s medical condition? Certainly, this is related to a couple’s internal dynamics, but there’s little reason for one member of the couple to be so ignorant of the other member’s medical state. This is another aspect of couples of an age, but again, this doesn’t excuse the ignorance; it only illustrates the widespread nature of it.