The Typical Amount Lost in an Investing Scam Surged to $18,700 Last Year
By:
Pete Grieve
Pete Grieve
Reporter | Joined May 2024
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Americans who fell victim to investing scams lost way more money in 2022 than the year before, and experts say crypto fraud schemes may be to blame.
The median loss from investing scams increased tenfold from $1,750 in 2021 to a whopping $18,700 in 2022, according to a new report on scam trends from Fraud.org, which is run by the nonprofit advocacy group National Consumers League (NCL).
