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Younger adults (ages 20-29) reported losing money more often than older adults (ages 70-79), but when the latter did fall victim to a scam, they lost more than anyone else.
Almost 1 in 3 Americans have been the victim of a scam in the past year, with an average loss of $1,600 a person, according to a study from IPX, a financial analysis firm.
The scam still takes in millions of dollars, with a ring of Nigerian con artists taking victims for at least $6 million between 2014 and 2018, according to a recent indictment. Man's hands tightly ...
The Telemarketing and Consumer Fraud and Abuse Prevention Act was deemed necessary in an advancing world. With the new waves of telemarketing and digital data Congress found that there are unique differences in telemarketing that deem new rules and regulations necessary.
Mass-marketing fraud (or mass market fraud) is a scheme that uses mass-communication media – including telephones, the Internet, mass mailings, television, radio, and personal contact – to contact, solicit, and obtain money, funds, or other items of value from multiple victims in one or more jurisdictions.
A sextortion scam targeting emails is underway nationwide, in an attempt to coerce payments using threats of embarrassment, according to New York State Police. How does the sextortion scam work?
Nina Kollars of the Naval War College explains an Internet fraud scheme that she stumbled upon while shopping on eBay.. Internet fraud is a type of cybercrime fraud or deception which makes use of the Internet and could involve hiding of information or providing incorrect information for the purpose of tricking victims out of money, property, and inheritance.
One scam involves crooks claiming to know about an arrest warrant for a potential victim and requesting, say, $500 in gift cards to resolve it, said Capt. Brian Stutsman of the Maricopa County ...