4.5 mln Americans annually become victims of advance fee scam

According to FTC, nearly 4.5 million people each year fall for advance fee scam - a scam where poor-credit individuals are offered rock-bottom interest rates on credit cards with annual fee charged in advance by scammers.

According to FTC, nearly 4.5 million people each year fall for advance fee scam - a scam where poor-credit individuals are offered rock-bottom interest rates on credit cards with annual fee charged in advance by scammers. Phonebusters, a cooperative effort between US and Canadian law enforcement agencies, estimates phone fraud to be a $1 billion a year business now. The FBI estimates that US citizens send $100 million each year to Canadian con artists.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
See All
See All