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

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Summary
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76% Informative

Americans reported losing $5.7 billion to investment scams in 2024 , according to the Federal Trade Commission .

"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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77

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76

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46

Article tone

informal

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English

Language complexity

51

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likely offensive

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short-lived

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