The Top Consumer Frauds of 2020
The Federal Trade Commission (FTC) reflects on the top consumer frauds for 2020, noting that overall it was a busy year. According to the FTC, last year it received more than 2.2 million reports about fraud, with people collectively indicating they had lost nearly $3.3 billion. The top fraud of 2020 was imposter scams, with scammers showed up wearing many different hats – from that of a government official, to a known business, to a dear family member or friend.