Americans lost $5.7 billion to investment scams in 2024, FTC says. Here’s how to protect yourself

Americans lost .7 billion to investment scams in 2024, FTC says. Here’s how to protect yourself

Key Points

Americans reported losing $5.7 billion to investment scams in 2024, according to the Federal Trade Commission. The typical victim lost more than $9,000 on average.
“Pig-butchering scams” are a common investment fraud whereby scammers develop a relationship with victims, entice them to invest money and then swindle them.
There are three common signs of fraud that can help people avoid being duped.

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