Tag: Samuel Levine

Financial Scams Have Skyrocketed In the U.S. With €10 Billion Losses!

Cybercrime tamir - February 13, 2024

The U.S. FTC announced that consumer fraud losses in the U.S. have skyrocketed to over $10 billion in 2023, marking a historical peak. This is a substantial 14% increase from the previous year. Investment scams topped the chart as the most lucrative fraud category, draining consumers of more than $4.6 billion, a 21% hike compared to 2022. Following closely were imposter scams, which cheated nearly $2.7 billion from unsuspecting victims.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.