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How to avoid scams; more sweepstakes scam victims during pandemic

Sweepstakes scams cost victims more during pandemic

Alaska Woman Lost $45,000 in Back-to-Back Sweepstakes Scams

Americans lost $227M in fake sweepstakes, lottery scams: BBB

© Getty Images Americans have lost $227 million in fake sweepstakes and lottery scams, according to a report from the Better Business Bureau (BBB). The report was first reported by CBS News on Thursday, which outlined how Americans lost money in 2020 over the scams. The study sought to examine the impact of fake lottery and sweepstakes scams since the BBB published an in-depth review in 2018. ADVERTISEMENT The bureau said that since the study was completed, complaints to the FBI’s Internet Crime Complaint Center, the Federal Trade Commission (FTC) and the Canadian Anti-Fraud Centre have increased 16 percent. However, financial losses reported to those agencies rose dramatically in 2020, with the FTC reporting a 35 percent increase in dollar losses.

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