Scam Likely Leaked Private Content Updates #687

Reports to the ftc show a growing wave of scams aimed squarely at retirees’ life savings These scammers pretend to be from known and trusted government agencies and businesses. Instead, the percentage of people who reported losing money to a fraud or scam increased by double digits In 2023, 27% of people who reported a fraud said they lost money, while in 2024, that figure jumped to 38% Consumers reported losing more money to investment scams—$5.7 billion—than any other category in 2024. These companies and people are banned, by federal court orders, from participating in the business of debt collection. The federal trade commission is sending payments totaling more than $25.5 million to consumers who were tricked into signing up for computer repair services through the deceptive marketing tactics The federal trade commission works to promote competition and protect and educate consumers The ftc will never demand money, make threats, tell you to transfer money, or promise you a prize Learn more about consumer topics at consumer.ftc.gov, or report fraud, scams, and bad business practices at reportfraud.ftc.gov Follow the ftc on social media, read consumer alerts and the business blog. We have determined that peerless network, inc Is apparently routing and transmitting illegal robocall traffic, directly or indirectly, for entities involved in the following campaigns: The commission will continue to stop such illegal and unethical conduct.” the accelerated debt defendants, acting as a common enterprise, operated a debt relief scam that took in an estimated $100 million, primarily targeting older consumers, some of whom are veterans, according to the complaint. It’s hard not to glance at your phone when you hear the ding of an incoming text And reports to the ftc’s consumer sentinel network suggest their odds of a big payout have improved Reported losses to text scams have skyrocketed even as the number of reports declined In 2024, people reported $470 million in losses to these scams, more than five times the 2020 number. It asks the consumer to provide personal identifying information.