Protect Older Oklahomans from Losing Their Life Savings to Scams

Vote YES on Anti-Fraud Legislation

A recent AARP survey found that nine in ten Americans encountered a fraud attempt in the past year and at least one in six of them lost money as a result. One out of five older adults are victims of financial exploitation, and the average victim loses $120,000. The impact on victims and families is wide-reaching and can be both financially and emotionally devastating, especially for older adults.

AARP Oklahoma is fighting to help our residents and their families stay safe by asking Gov. Stitt to sign SB 1083 into law. The bill would increase consumer protections and regulation of digital asset kiosks, also known as bitcoin or cryptocurrency ATMs.

Criminals love these kiosks because they’re a quick way to trick people into handing over cash. They’ll call or text you, pretending to be the government or a company, saying something urgent like, “Your account has been hacked - send money to protect it.” Then they send you to a kiosk with a QR code that funnels your money straight to them. Once it’s gone, it’s nearly impossible to trace or get back.

Oklahomans lost $37,752,198 to cryptocurrency scams, including crypto kiosk fraud, in 2024 - a nearly 51 percent increase from 2023 losses.

That’s why AARP Oklahoma is calling on Gov. Stitt to support important legislation that will help protect older Oklahomans from criminals who misuse cryptocurrency ATMs to steal the money they’ve worked so hard to accumulate for retirement.

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Dear Governor Stitt,

Message Body

As your constituent and an AARP Oklahoma member, I’m asking for you to sign SB 1083 into law.

Fraudulent activity involving digital asset kiosks, also known as cryptocurrency ATMs, are on the rise. Digital asset kiosks can be found in supermarkets, convenience stores, gas stations, bars and restaurants.

Because digital asset kiosks are still relatively new and largely unregulated at the state level compared to traditional financial institutions and money service businesses, they lack sufficient consumer fraud protections. As a result, criminals are using digital asset kiosks to steal hundreds of millions of dollars from Americans each year through fraudulent purchase schemes.

SB 1083 establishes important consumer protections that will help protect older Oklahomans from criminals who misuse digital asset kiosks to steal the money they’ve worked so hard to accumulate for retirement.

Sign SB 1083 into law and help deter criminals from misusing digital asset kiosks and to ensure older Oklahomans’ life savings remain safe and secure where they belong and not in a criminal’s digital wallet.

Sincerely,

[First Name] [Last Name]
[Your Address]

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