FTC Data Shows Investment Scams Fuel Fivefold Surge in Seniors’ Fraud Losses
Fraud losses reported by older adults increased fivefold between 2020 and 2025, leaping from $600 million to $3 billion, the Federal Trade Commission (FTC) said Monday (Oct. 19). The FTC shared this data in a press release outlining findings from its report to Congress, “Protecting Older Consumers 2025-2026: A Report of the Federal Trade Commission.” […] The post FTC Data Shows Investment Scams…
We haven't written up this one. PYMNTS has the full story — the link below goes straight to it.
