The U.S. Federal Trade Commission revealed that Coronavirus-related scams reported by consumers since January 2020 caused approximately $12 million losses.
FTC received 16,778 reports of frauds, roughly 46.3% of fraud complaints also reporting a loss between January 1, 2020 – April 12, 2020–
“FTC has received more than 16K Coronavirus-related reports from consumers. Consumers reported losing a total of $12.78M to fraud w/ a reported median loss of $570,” states the FTC.
Most of the COVID19-related complaints were from California (2,010), followed by Florida (1,185), New York (1,073), and Texas (1,064).
