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Fraud and scams cost Marylanders more than $164M last year

February 19, 2024

Consumers in Maryland lost millions of dollars to fraud and scams last year, as the nation as a whole hit a new benchmark for fraud losses: more than $10 billion in 2023. Marylanders made 43,433 fraud reports in 2023, according to data released by the Federal Trade Commission. Most of the reports — 14,968 — were for imposter scams, where a scammer impersonates a government or business official, or even a personal contact, to earn a person’s trust or intimidate them to get them to send money.

 

Article Source: The Bal

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