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

According to the FTC, the $12.5 billion Americans lost in 2024 to scams was up 25% compared to the $10 billion losses a year earlier.

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

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American Consumers Lost $12.5 Billion to Fraud in 2024

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