It’s a social scam. According to the Federal Trade Commission, nearly 30% of people who reported being scammed in 2025 said the swindle began on social media. The agency said losses from these scams ...
According to the FTC, fraud losses hit $15.9 billion in 2025. Imposter scams led in sheer number of reports, but investment scams caused the steepest financial damage.
Social media scams reached alarming levels in 2025, with Americans losing a staggering $2.1 billion to fraud schemes, according to a new report from the Federal Trade Commission (FTC). The figure ...
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