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Crypto scams

Scams and Consumer Fraud

Huge Spike in Consumer Fraud Losses, New FTC Data Show

Peter Schurmann -
US consumers lost $12.5 billion to scammers in 2024, according to new data from the Federal Trade Commission, a 25% increase year-on-year.
Scams and Consumer Fraud

Omaha, a ‘Huge Target for Scammers,’ Fights Back

Peter Schurmann -
According to the FTC, there were 9,337 reports of fraud across Nebraska in 2023, with losses totaling $25.2 million.
Scams and Consumer Fraud

FTC Scales Language Barriers to Battle Scammers

Mark Hedin -
As of this fall, the FTC's Language Access Initiative will expand its services to include up to a dozen new languages.
Scams and Consumer Fraud

What Payment Methods are Telltale Signs of Scams?

Selen Ozturk -
Payment methods that scammers insist you use — like gift cards, cryptocurrency and wire transfer — are telltale signs of scams, says the FTC.
Scams and Consumer Fraud

Scammers Took Consumers for $8.8 Billion in 2022

Peter White -
$3.8 billion in investment scams and $2.6 billion in impersonator scams topped the list. Most money lost through bank transfers and crypto currencies.
Scams and Consumer Fraud

Over $1 Billion Lost in Cryptocurrency Scams Since 2021

Jenny Manrique -
For many Americans, the promise of hefty returns draws them into cryptocurrency scams that the FTC says have grown into a $1 billion industry.

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