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Specialist outlines strategies to avoid losing money to scammers | Business

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SELINSGROVE — Consumers reported losing more than $3.3 billion to fraud in 2020, up from $1.8 billion in 2019, according to the Federal Trade Commission (FTC).

Newly released data shows consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70 percent over the previous year.

George Dillman, a consumer outreach specialist with the Pennsylvania Department of Banking and Securities, said if something sounds too good to be true, it probably is.

“The average senior loses $6,500 to a scam,” Dillman said.

Scams are divided into categories: romance, charity, relatives in distress. He said scammers typically try to cause an instant connection of trust, a buy-in or describe a fake emergency.

Charity scams often don’t send information about their organization…

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