American Consumers Lost $12.5 Billion to Fraud in 2024

Losses from investment scams accounted for nearly half of that amount, the FTC says.

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Americans lost a record $12.5 billion to fraud in 2024, with investment scams leading the losses

FTC says Americans lost $12.5B to scams last year — social media, AI and crypto didn’t help

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Fintech stocks plummet as Wall Street worries about consumer spending, credit