FTC Data Shows Investment Scams Fuel Fivefold Surge in Seniors’ Fraud Losses

T2Covered by 1 source · first reported by PYMNTS at 23 Oct, 00:53 UTC

Fraud losses reported by older adults increased fivefold between 2020 and 2025, leaping from $600 million to $3 billion, the Federal Trade Commission (FTC) said Monday (Oct. 19). The FTC shared this data in a press release outlining findings from its report to Congress, “Protecting Older Consumers…

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• T2FTC Data Shows Investment Scams Fuel Fivefold Surge in Seniors’ Fraud LossesPYMNTS23 Oct, 00:53