Scamming is big business. Really big! And it is getting larger by the year.
The Federal Trade Commission recently announced consumers nationwide reported losing more than $3.3 billion to fraud in 2020, up from $1.8 billion in 2019. And realize that figure is probably just the tip of the iceberg considering many consumers, especially senior citizens, a favorite target of scammers, don’t report being scammed because of embarrassment or not knowing how to file a report.
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