# Financial fraud targeting elderly populations > Live situation record from CLSTR: https://clstr.news/situations/financial-fraud-targeting-elderly-populations > Updated: 2026-08-24T10:31:05.000Z. Sources: 2. Developments: 2. Financial fraud targeting elderly individuals has been documented in Brazil and Spain. In Ibirapitanga, Brazil, a bank correspondent, Diego Antônio Gutierry Silva Gomes, was sentenced to over seven years in prison for defrauding a 66-year-old retiree through unauthorized loans and fund transfers. The court ordered compensation of R$ 53,427.80 and the seizure of the defendant’s assets. In response to such vulnerabilities, the Brazilian legislative chamber is debating PL 1453/2026, a proposal to mandate free two-factor authentication services that allow seniors to designate a trusted person to confirm high-value transactions without granting full account access. Other recent incidents include a thwarted impersonation scam in Paraná, Brazil, where a criminal attempted to pose as a lawyer via WhatsApp to obtain bank statements from a 70-year-old man. Additionally, in Gandia, Spain, a 29-year-old bank employee was detained for allegedly defrauding an elderly resident of 25,000 euros by using unauthorized cards and interfering with the victim’s banking application access. ## Timeline ### 2026-08-24: Elderly victims targeted in separate fraud incidents in Brazil and Spain Elderly victims in Brazil and Spain have been targeted in separate financial fraud incidents involving impersonation and internal bank theft. 2 sources. https://clstr.news/cluster/elderly-victims-targeted-in-separate-fraud-incidents-in-brazil-and-spain ### 2026-08-02: Diego Antônio Gutierry Silva Gomes sentenced for fraud against elderly in Ibirapitanga, Brazil Diego Antônio Gutierry Silva Gomes was sentenced for defrauding an elderly retiree in Ibirapitanga, Brazil, while lawmakers consider PL 1453/2026 to add optional two‑factor protection for senior banking clients 4 sources. https://clstr.news/cluster/diego-antnio-gutierry-silva-gomes-sentenced-for-fraud-against-elderly-in-ibirapitanga-brazil --- Cite as: Financial fraud targeting elderly populations. CLSTR, https://clstr.news/situations/financial-fraud-targeting-elderly-populations