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A new scam is draining older consumers’ savings
The Phantom Hacker Scam has stolen over $1 billion since 2024, preying mostly on seniors’ retirement savings. Scammers use a three-step playbook — ... Read More
FTC Busts Illegal Debt Relief Operation: Here's How to Protect Yourself
"Federal Trade Commission rules include an advance-fee ban," says Pack. "This rule prohibits a debt relief company from collecting any fees until it has negotiated a settlement and the customer has ... Read More
FTC sees surge in losses from 'transfer it to protect it' money scams
Adults aged 60 and older were more likely to report extraordinarily high losses. An 18-year-old consumer in Michigan lost $4,800 this summer to a 'transfer it to protect it' scam after receiving an ... Read More
FTC sees surge in losses from 'transfer it to protect it' money scams
Data shows a more than four-fold increase, from 2020 through 2024, in reports from older adults who say they lost $10,000 or more. Many lost $100,000. Read More
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