US Citizens and Residents Lose $3,500,000,000 to Fraudsters in Imposter Scams in One Year: FTC

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US Citizens and Residents Lose ,500,000,000 to Fraudsters in Imposter Scams in One Year: FTC — scammers wipe out bank.jpg

The Federal Trade Commission (FTC) has revealed alarming statistics regarding fraud reports from consumers in the past year, with losses reaching a staggering $15.9 billion. According to FTC Associate Director Lois Greisman, the regulator received three million fraud reports in 2025, showing a significant increase from the previous year’s 2.6 million reports that resulted in losses exceeding $12 billion.

Impostor scams emerged as the most reported type of fraud, with consumers reporting one million incidents and losses totaling $3.5 billion. Additionally, investment scams led to the highest monetary losses, amounting to $7.9 billion with an average individual loss of $10,000.

Greisman highlighted the concerning trend of increasing fraud losses over the past six years, with reported losses rising by nearly 430% since 2020. This surge is attributed to a rise in the number of consumers reporting significant losses of $100,000 or more. The actual cost of fraud to consumers is believed to be much higher than reported, with the FTC estimating the overall cost for 2024 to potentially reach $195.9 billion when accounting for underreporting.

To combat fraud, the FTC is taking aggressive law enforcement actions against entities involved in fraudulent activities and focusing on consumer education and outreach initiatives.

It is crucial for consumers to stay informed and vigilant in protecting themselves against fraud. By following trusted sources like the FTC and staying updated on potential scams, individuals can reduce their risk of falling victim to fraudulent schemes.

For more information and updates on fraud prevention, follow the FTC on X, Facebook, and Telegram. Subscribe to receive email alerts directly to your inbox and stay informed about price action and the latest developments in the industry.

Remember, staying informed is key to safeguarding yourself against fraud. Stay alert, stay protected.

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