Year of the scam: Swindlers tricked adults into handing over more than $10 billion in 2023

By Brady Knox

Published February 13, 2024 3:53pm ET

U .S. adults lost a record-setting $10 billion due to fraud in 2023.

New Federal Trade Commission data revealed that roughly 690,000 people had been tricked through various means by fraudsters, compared to 624,000 people who were scammed out of approximately $8.9 billion the year before. Imposter, investment, lottery, business, and healthcare scams claimed much of the total, with the majority of reports being imposter scams.