IRS Impostor Scam Robs Elderly Americans Out of Life Savings

Phillip Hatch, who is 81 and testified before the panel via video, told lawmakers how he received a phone call one day at his home in Portland, Maine. The caller told him there was a mistake on his tax returns and federal marshals were coming to arrest him unless he paid the money. Worried, Hatch did as instructed and went to the local CVS to purchase iTunes cards. He then read the numbers on the backs of the cards to the caller. After four hours on the phone with the caller, Hatch was out $8,000.