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Check out the graphic for the Top 5 Scams of 2022, and read the FTC’s data book for all the details — including what happened in your state. Do you think you lost money to a scam? Find out what to do next.
#1: Financial scams. What did scammers want to do the most in 2023? They wanted to get to our wallets and take all of the finance-related account information they could – bank accounts, credit...
Imposter scams remained the top fraud category, with reported losses of $2.7 billion. These scams include people pretending to be your bank’s fraud department, the government, a relative in distress, a well-known business, or a technical support expert.
The Federal Trade Commission has collected thousands of consumer complaints throughout the year and ranked the top scams, including identity theft.
Reports to the FTC’s Consumer Sentinel Network point to some of their favorites. Let’s start with the most-impersonated companies. According to 2023 reports, Best Buy’s Geek Squad, Amazon, and PayPal top that list.
The top fraud of 2020 was imposter scams. Scammers showed up wearing many different hats — from that of a government official, to a known business, to a dear family member or friend. The FTC got nearly 500,000 reports of imposter scams, and people reported losing a lot of money to these scammers: $1.2 billion, with a median loss of $850.
Here, how to spot some top scams, what to do if you've been targeted, and how to avoid fraudsters in the future. (All median loss figures below are from the FTC Consumer Sentinel Network, 2020...
Scammers have become much more adept at impersonating legitimate institutions, including creating websites and messages that are “carbon copies” of legitimate health care providers, businesses and banks, with fewer grammatical mistakes and other red flags for scams, according to Planos.
1. Google Voice Scam. Let’s say you’ve posted a notice online — an item for sale, for example, or a plea to find a lost pet — and included your phone number. In this scam the crook will call you, feign interest, but say they want to verify first that you aren’t a scammer.
There are more than a dozen varieties of investment fraud today, including pig butchering, pump-and-dump schemes and affinity fraud. While each of these scams works differently, they all feature pie-in-the-sky promises.