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Every year, more and more people fall prey to scams. Data from the Federal Trade Commission shows that in 2021, consumers reported losing more than $5.8 billion to fraud. That's a 70% increase from...
Look out for recovery scams. Some scammers strike in the aftermath of fraud, offering phony credit repair services or tech support services that steal money or information from people who are ...
With the help of technology, scammers are tricking Americans out of more money than ever before. In 2022, reported consumer losses to fraud totaled $8.8 billion — a 30 percent increase from 2021 ...
An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith.In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.
• Don't respond to unsolicited emails or requests to send money. • Pay attention to the types of data you're authorizing access to, especially in third-party apps. • Don't use internet search engines to find AOL contact info, as they may lead you to malicious websites and support scams.
That month, recovery trustee Irving Picard received funds from the Bank of New York account where Bernard Madoff held new investments into his Ponzi scheme. As it has been concluded that no legitimate investments were made on the investors' behalf for at least the last 12 years of operation, recovery has proceeded on a "money in/money out" basis.
Scammers almost always have the same goal—to get people's personal information or money. Learning about the latest developments will hopefully help to stay one step ahead.
6. They Ask for Money. There are many reasons a scammer might give for needing money, such as buying a ticket to visit, funding an emergency surgery or fixing some kind of trouble they’ve fallen ...