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That’s how easy it is to report fraud Debt relief service and credit repair scams debt relief service scams target consumers with significant credit card debt by falsely promising to negotiate with their. Scammers don’t just scam one person, so if you detect a scam, help your community, help protect your friends, your family, by reporting it to the ftc at reportfraud.ftc.gov
Instead, the percentage of people who reported losing money to a fraud or scam increased by double digits In 2024, people reported $470 million in losses to these scams, more than five times the 2020 number. 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.
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. 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. The federal trade commission is requiring operators of a deceptive business opportunity to pay hundreds of thousands of dollars to settle allegations they misled. 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. The commission will continue to stop such illegal and unethical conduct.” the accelerated debt defendants, acting as a common enterprise, operated a debt relief scam that took in an estimated $100 million, primarily targeting older consumers, some of whom are veterans, according to the complaint. 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
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