The Federal Trade Commission (FTC) receives millions of calls, letters or emails telling the commission about fraud or identity theft. The three million occasions of fraud and 1.3 million fraud reports received by the FTC in 2016 yielded an interesting picture of what happened last year.
- Imposter scams are the number one complaint category for military consumers.
- People reported paying an extraordinary total of $744 million to scammers, with a median payment of $450.
- Of the half of the reports that told how the victims were contacted by the scammers, 77 percent said it was by telephone, while only eight percent said email and three percent said mail.