World

Investment fraud cost US consumers $5.7bn in 2024 – FTC

Investment scams cost American consumers $5.7 billion in 2024, marking a 24% increase from 2023, according to the Federal Trade Commission. This made investment fraud the largest category of consumer losses, according to CNBC. FTC data shows that 79% of those who reported investment scams lost money, with an average loss of over $9,000 per […]