April 27, 2026

Monday, April 27, 2026

The top scams that started on social media and rake in millions of dollars

Scams/Social Media— Scamming consumers on social media is popular and profitable for fraudsters. In new data from the Federal Trade Commission, nearly 30% of victims who reported losing money in 2025 say the scam started on social media. Those losses are staggering, $2.1 billion. That’s higher than any other form of contact and eight times higher than it was in […]