Scam Nation: The Unseen Consequences of America's Record Breaking Losses A staggering $15. 9 billion in losses was reported to the Federal Trade Commission last year, a 25% increase from the previous year.
This figure is a testament to the scale of the problem and highlights that the true cost of scams in the US far exceeds what's being reported.
The FTC estimates real losses in 2024 were close to $200 billion – approximately $550 million every day.