FTC Data Shows Investment Scams Fuel Fivefold Surge in Seniors’ Fraud Losses
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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 2025-2026: A Report of the Federal Trade Commission.” […] The post FTC Data Shows Investment Scams Fuel Fivefold Surge in Seniors’ Fraud Losses appeared first on PYMNTS.com.
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