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Investment Scams Cost Billions
Published 3 days, 5 hours ago
Description
Investment scams hit record levels last year, with over 53,000 reports and losses totaling more than $223 million—up from $37 million in 2021. While scammers rake in billions, victims typically lose less than the total stolen, as most funds vanish in fees and laundering. The FTC is ramping up efforts to track down criminals and warn the public, but the battle is far from over as fraudsters keep evolving their tactics.
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