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FTC reports more than $10 billion in losses due to scams during 2023

By Sandra Martinez
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In 2023, consumers lost $4.6 billion in investment scams, an increase of 21 percent from 2022.

Scams in 2023 had a larger economic impact than the previous year, with consumers reporting losing more than $10 billion, a record figure that represented a 14 percent increase over 2022 reports.

FTC reports more than $10 billion in losses from scams during 2023

The data recently published by the