FTC Says Social Media Scams Amounted to $770 Million in 2021

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FTC Says Social Media Scams Amounted to $770 Million in 2021
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FTC Says Social Media Was a ‘Gold Mine’ for Scammers in 2021, Leading to $770 Million in Losses

Then there are romance scams, a fraud category also at record highs, which consist of exactly what their name suggests.

. “These scams often start with a seemingly innocent friend request from a stranger, followed by sweet talk, and then, inevitably, a request for money.”Online shopping was another notable scam category in the agency’s report. While not as profitable as the other types of scams mentioned above

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