{"id":1529964,"date":"2025-04-12T03:00:00","date_gmt":"2025-04-12T07:00:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1529964"},"modified":"2025-04-12T03:00:00","modified_gmt":"2025-04-12T07:00:00","slug":"these-are-most-common-types-of-fraud-in-america","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/these-are-most-common-types-of-fraud-in-america\/1529964\/","title":{"rendered":"These Are Most Common Types Of Fraud In America"},"content":{"rendered":"

These Are Most Common Types Of Fraud In America<\/span><\/p>\n

\n

Americans are losing more money to scams than ever before. The Federal Trade Commission (FTC) estimates that Americans lost $12.5 billion to fraud schemes in 2024, up $2.5 billion from the previous year.<\/p>\n

In 2023, consumers around the world\u00a0lost almost half a trillion dollars<\/a>\u00a0to scams.<\/p>\n

While certain scams were much more commonly reported, other types led to bigger financial losses for consumers.<\/p>\n

This visualization, via Visual Capitalist’s Kayla Zhu,<\/a> shows the 10 most common types of fraud in the U.S. by the number of reports made to the FTC in 2024, and the total dollar value lost from each type of fraud.<\/p>\n

<\/a><\/p>\n

Data comes from the\u00a0FTC<\/a>\u00a0and is updated as of March 2025.<\/em><\/p>\n

What Type of Fraud is the Most Common?<\/h2>\n

Below, we show the top 10 most commonly reported fraud types to the FTC, the total dollar value lost from each type of fraud, and the median loss per incident.<\/p>\n

<\/a><\/p>\n

Imposter scams\u2014where fraudsters pose as government officials, friends, coworkers, or other trusted parties to steal money or personal information\u2014were the most frequently reported type of fraud in the U.S. last year, with over 840,000 cases filed with the FTC.<\/p>\n

This cost consumers almost $3 billion in losses last year.<\/p>\n

However, while imposter scams were the most common, investment-related scams led to the biggest financial losses, costing Americans a total of $5.7 billion. The median loss per victim exceeded $9,000.<\/p>\n

According to the\u00a0FTC<\/a>, scams through email made up the highest number of reports while scams through social media had the highest losses.<\/p>\n

Text message scams<\/a>\u00a0are also common, making up 22% of all fraud reports to the FTC in 2022.<\/p>\n

Types of Fraud<\/h2>\n

A full list of all fraud types can be found on the\u00a0FTC<\/a>\u00a0website.<\/p>\n

Imposter scams:<\/strong>\u00a0Someone pretends to be a trusted person to get consumer to send money\/give personal information<\/p>\n

Online shopping\/negative reviews:<\/strong>\u00a0Undisclosed costs, failure to deliver on time, non-delivery, business preventing honest reviews<\/p>\n

Business\/job opportunities:<\/strong>\u00a0Fraudulent franchise opportunities, multi-level marketing schemes, job scams<\/p>\n

Investment related:<\/strong>\u00a0Fraudulent investment opportunities in day trading, gold, art, other products<\/p>\n

Internet services:<\/strong>\u00a0Problems with website content, difficulty canceling online account, issues with payment service, undisclosed charges<\/p>\n

Prizes, sweepstakes and lotteries:<\/strong>\u00a0Promotions for free prizes for a fee, foreign lotteries offered through phone or e-mail<\/p>\n

Telephone and mobile services:<\/strong>\u00a0Unauthorized charges, problems with mobile applications<\/p>\n

Health care:<\/strong>\u00a0Fraudulent, misleading or deceptive claims for treatments or products<\/p>\n

Travel, vacations, timeshare plans:<\/strong>\u00a0Deceptive offers for free or low-cost vacations, misleading time share offers<\/p>\n

Mortgage foreclosure relief, debt management:<\/strong>\u00a0Lenders\/brokers making false promises to save consumers\u2019 homes from foreclosure, credit organizations charging excessive fees<\/p>\n

To learn more about common scams, check out this\u00a0graphic<\/a>\u00a0that visualizes companies are impersonated most often in online scams.<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 04\/11\/2025 – 23:00<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/personal-finance\/these-are-most-common-types-fraud-america<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

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