FTC warns of $3.5B imposter scam losses

The Federal Trade Commission (FTC) has issued a stern warning to consumers regarding a surge in imposter scams, which have collectively defrauded individuals of an estimated $3.5 billion. These fraudulent schemes often involve deceptive text messages demanding payment for alleged unpaid tolls or exploiting new online relationships for financial gain. The FTC emphasizes the increasing prevalence of these tactics, urging vigilance and awareness to prevent further victimization and financial losses across the digital landscape.