Social Media Scams
The Federal Trade Commission (FTC) has declared social media a “Gold Mine” for scammers after consumers reported losing $770 million in social media scams in 2021. That was double the amount of reported losses from 2020 – and we know fraud is severely under-reported, so the real losses are likely much higher.
The top three social media scams in 2021 were investment scams (many rel…