Thursday, February 4, 2021

Scammers, your ways are numbered

Bureau of Consumer Protection. Business Alerts From the Federal Trade Commission

By Lesley Fair

How many reports did the Consumer Sentinel Network receive in 2020?
What percentage of those related to fraud?
And what was the most common scam that people reported?

The answers: 4.7 million, 46%, and imposter scams.

The FTC just released the annual Consumer Sentinel Network Data Book and it's filled with charts, graphs, and state-by-state numbers about those whom consumers say didn't play it by the numbers in 2020. In addition to statistics about questionable practices reported by consumers, the Data Book sounds some sobering alarms about scams targeting businesses.

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