The FTC reported that U.S. consumers lost $5.7 billion to investment scams in 2024, an alarming 24% increase from 2023, highlighting the growing prevalence of fraud. These scams lure individuals with promises of quick returns and minimal risk, often involving non-existent investments in shares, cryptocurrencies, or real estate. Scammers typically reach out through various channels, including emails and social media, offering enticing opportunities or investment coaching, underscoring the need for vigilance as economic uncertainty persists.
According to the FTC, U.S. consumers lost $5.7 billion to investment scams in 2024, marking a 24% increase from the previous year as fraud activity rises.
Investment scams often promise quick and easy returns with little or no risk, targeting individuals through emails, social media, phone calls, and 'exclusive' offers.
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