FTC: We're Seeing a Sharp Spike in Fraud from Con Artists Posing as Officials

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FTC: We're Seeing a Sharp Spike in Fraud from Con Artists Posing as Officials

Mar, 12th 2017

More consumers are falling prey to scams in which con artists pretend to be someone trustworthy, like a government official or service technician, in order to fraudulently seek money, the Federal Trade Commission reports.

Incidents involving imposters perpetrating these scams have become so numerous that last year they were second only to complaints about crafty debt collection practices in an annual tally compiled by the FTC. In all, more than 3 million total complaints were received.

The latest report marks the first time these so-called "imposter scams" surpassed identity theft in the annual FTC report on complaints. The FTC said it received more than 400,000 complaints about imposter fraud.

U.S. consumers lost a total of $744 million to fraud in 2016, the FTC says. Scams including not just people pretending...

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