Published: Mar 07, 2013 10:50 PM EST
Updated: Mar 07, 2013 11:16 PM EST

FORT MYERS, Fla. - It's a problem that's plagued our area for years - scammers targeting seniors, stealing thousands of dollars from their bank accounts. U.S. Senator Bill Nelson is working to put an end to it. Friday, he'll meet with law enforcement and scam victims in Miami.

On March 13, Nelson, the Chairman of the Senate's Special Committee on Aging, along with the Senate Aging panel’s top Republican, Sen. Susan Collins of Maine, have scheduled a hearing on March 13 in Washington, D.C. to investigate the effect the scam is having on the elderly.

“It's despicable that these crooks are preying on our most vulnerable seniors who sometimes have difficulty remembering important details,” said Nelson.

The Federal Trade Commission reports the so-called Jamaican Lotto Scam and others may be cheating Americans out of $1 billion dollars each year.