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  1. Newly released Federal Trade Commission data shows that consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30 percent over the previous year. Consumers reported losing more money to investment scams—more than $3.8 billion—than any other category in 2022.

  2. This marks a 14% increase over reported losses in 2022. Consumers reported losing more money to investment scams—more than $4.6 billion—than any other category in 2023. That amount represents a 21% increase over 2022. The second highest reported loss amount came from imposter scams, with losses of nearly $2.7 billion reported.

  3. Feb 23, 2023 · The 2022 numbers suggest some disturbing trends about what scammers are up to. Reported fraud losses are up. The Consumer Sentinel Network received 2.4 million fraud reports in 2022, down from 2.9 million in 2021. But the almost $8.8 billion in total reported losses in 2022 surpasses the $6.1 billion figure from 2021.

  4. Feb 24, 2023 · The 2022 headline is this: scammers took a LOT of money. The latest FTC data book says people reported losing $8.8 billion to scams. That’s $2.6 billion more than 2021. Except the number of reports are down by half a million (2022: 2.4 million reports. 2021: 2.9 million reports). Here are some highlights from 2022:

  5. Feb 28, 2023 · Consumers reported losing almost $8.8 billion to scams and fraud in 2022, up 30 percent over 2021’s losses, according to newly released numbers from the Federal Trade Commission (FTC). The rising cost of these crimes is staggering, considering that in 2020 Americans lost only $3.5 billion to fraud, including identity theft.

    • Christina Ianzito
  6. Jul 25, 2024 · The number of fraud complaints reported to the FTC and affiliate agencies increased 1.6% in 2023 to 2,603,556, up from 2,563,678 in 2022. Total financial losses associated with fraud increased nearly 16% in 2023 to $10.3 billion, up from $8.9 billion in 2022.

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  8. Mar 22, 2023 · Within those complaints, cryptocurrency investment fraud rose from $907 million in 2021 to $2.57 billion in 2022, with the most targeted age group reporting this type of scam being 30-49.

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