Americans Lose a Record $10 Billion to Fraud in 2023; Mostly Due To Investment Scams

February 12th, 2024

Americans Lose a Record $10 Billion to Fraud in 2023; Mostly Due To Investment Scams

The US Federal Trade Commission (FTC) has disclosed that people in the United States lost a record $10 billion to fraud in 2023, a 14% increase from 2022. Nearly half of the losses were due to investment scams.