If you like to scroll on social media and buy something here or there — be extra careful. Last year, scammers took $770 million from people online, according to the Federal Trade Commission. Most reports stemmed from online shopping.
“About one in four people who reported losing money to fraud last year said it started on social media,” said Emma Fletcher, senior data researcher at the Federal Trade Commission.
Out of the $770 million taken, most of that went to investment scams, specifically fake cryptocurrency investments.
Not far behind: romance scams. It’s a little bit like catfishing.
“Once you’re attached to that person and you trust them, they just sort of casually…