June 23, 2021
Scam/Fraud

FBI Received Record Number of Reports on Online Scams and Investment Fraud Costing Americans Billions

The Federal Bureau of Investigation (FBI) reported that it recently received a record number of complaints related to online scams and investment fraud.

It took seven years for the FBI’s Internet Crime Complaint Center (IC3) to record the first million complaints. The center then reached the five million reports record on March 12, 2020, twenty years since its inception in 2000. However, it only took 14 months for the bureau to receive one million complaints and reach six million complaints on May 15, 2021.

This period coincided with the COVID-19 pandemic and marked a 69% increase in internet…

Read full article here: www.cpomagazine.com