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Impostor Scams Cost Americans Nearly $1.2 Billion in 2020

Updated: Mar 30

The Federal Trade Commission reported that Impostor Scams were responsible for nearly $1.2 billion in consumer losses last year. As if 2020 wasn't bad enough!

Impostor scams come in many varieties, and fraudsters will pose as any number of persons, generally requesting personal information or some type of financial payment. These impostors generally urge you to act quickly, or else!!! Taking the time to stop, check out the situation and consult someone you trust can save you from financial exploitation or identity theft.


When in doubt, DO NOT:

  • Give personal information to people you do not know

  • Give computer access to people you do not know

  • Send money via gift card or wire transfer to people you do not know


You can report fraud and scams to the FTC, using this link. https://reportfraud.ftc.gov/#/

Reporting these scams could help to protect others from falling victim to them.


If you think you have already fallen victim to a scam, do not despair. You may be able to file a report with law enforcement, and seek a small or large claim against the perpetrator in civil court. Contact us today at Gage-Michaels Law Firm to learn more. Remember: do not delay making the call. Time is of the essence when you are trying to stop a scam artist in their tracks.