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FTC update on fake check scams
The Federal Trade Commission has issued a Consumer Protection Data Spotlight with an update showing that fake check scams led to reported individual median losses of $1,980 – losses far higher than on any other of the top ten scams reported to the Commission. According to the new data analysis, consumers in their twenties are more than twice as likely as people 30 and older to report losing money to these scams. The FTC's Data Spotlight, drawing on complaints submitted from consumers across the country, calls attention to the growing prevalence of fake check scams. According to the spotlight, complaints about fake checks are up 65 percent since 2015.
- FTC press release