GAO issues new study of consumer fraud in the US

  • Urges a government-wide strategy to fight them
  • Suggest complaint databases be harmonized
  • Find a way to measure how effective education efforts really are

FTC releases new data on top text message scams of 2024

  • $470 million reported losses; five times that of 2020
  • Top five text scams are:
  • Fake package deliveries
  • Phony job scams
  • Fake fraud alerts
  • Bogus claims of unpaid tolls
  • As much a 98% of people open and read texts
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National Elder Fraud Coordination Center begins operating

DOJ announces new policy on crypto issues; will bring fraud cases but not actions designed to impose regulatory requirements

Full report here