Wednesday, October 21, 2020

Scams that start on social media

Consumer Alerts from the Federal Trade Commission

by Bridget Small
Division of Consumer & Business Education

Scammers are hiding out on social media, using ads and offers to market their scams, according to people's reports to the FTC and a new Data Spotlight. In the first six months of 2020, people reported losing a record high of almost $117 million to scams that started on social media.

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