Thursday, April 3, 2025
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Investment scams

Huge Spike in Consumer Fraud Losses, New FTC Data Show

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.

Over $1 Billion Lost in Cryptocurrency Scams Since 2021

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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