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Instead, the percentage of people who reported losing money to a fraud or scam increased by double digits Scammers use familiar company names or pretend to be someone you know. In 2023, 27% of people who reported a fraud said they lost money, while in 2024, that figure jumped to 38%
Consumers reported losing more money to investment scams—$5.7 billion—than any other category in 2024. It looks real it’s easy to spoof logos and make up fake email addresses Reports to the ftc show a growing wave of scams aimed squarely at retirees’ life savings
These scammers pretend to be from known and trusted government agencies and businesses.
It’s hard not to glance at your phone when you hear the ding of an incoming text And reports to the ftc’s consumer sentinel network suggest their odds of a big payout have improved Reported losses to text scams have skyrocketed even as the number of reports declined In 2024, people reported $470 million in losses to these scams, more than five times the 2020 number.
Scams auto warranty scam a scammer calls you with a sales pitch for renewing your auto warranty or insurance policy The scammer may have acquired information about your car and its existing warranty to make the offer seem more credible They may make up phony charities or spoof a real charity to. The ftc is not contacting people about refunds in the amazon matter
If you get a call from someone who claims to be from the ftc, it’s a scam
The ftc will never demand money, make threats, tell you to transfer money, or promise you a prize And no one from amazon will ever ask you for money to get a refund Only scammers say they can get you special access. You've been ripped off, or you've spotted a scam
Don't keep it to yourself Take it to the federal trade commission by filing a complaint The federal trade commission is the nation's consumer protection agency So if a business doesn't deliver on its promises, or if someone cheats you out of your money, the federal trade commission wants to hear about it.
The majority of scam losses involving bitcoin atms come as a result of government impersonation, business impersonation, and tech support scams
The lies told by scammers vary, but they all create some urgent justification for consumers to take cash out of their bank accounts and put it into a bitcoin atm.
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