The Consumer Sentinel network of the Federal Trade Commission (FTC) is a database that receives reports directly from consumers as well as from federal and local law enforcement authorities, a better business office, the members of the industry and non -profit organizations. More than 20 countries contribute to the Sentinel data.
BBB is proud to make a contribution to the consumer -Sentinel network for a long time, since the information in the analysis of the fraud trends by the FTC and its extensive approach helps to detect, stop and listener from consumer fraud.
Freshly presented data from FTC show that consumers were cheated by more than 12.5 billion US dollars in 2024 – an amazing new record that corresponds to an increase of 25% compared to 2023.
The number of fraud reports has not increased, but the percentage of fraud reports that people came with financial losses – 38% of the people grew in 2023.
Investment fraud led the list of fraud cases with the highest reported financial losses -5.7 billion US dollars in 2024. -Dollar rose.
Your BBB offers tips with which you can recognize and avoid these fraudulent cases that are often reported:
7 red flags of cryptocurrency investment fraud
• Offers with little known cryptocurrencies
• Inquiries to share your cryptocurrency pocket with someone you do not fully trust
• Strategies that offer “guaranteed” returns
• An investment that requires little effort or time to pull
• someone who offers his secret strategy and discourages your research on your requirements
• Guard claims
• A stranger who suddenly wants to make friends with them
5 tips to avoid fraud fraud
• Check directly with the agency. If someone claims to come from a government agency, contact the agency with the help of your official website or telephone number to check whether you have tried to reach you. Never use the contact information provided by the caller or email.
