FTC sees surge in losses from 'transfer it to protect it' money scams
- Posted on August 18, 2025
- By Detroit Free Press
- 5 Views
FTC sees surge in losses from 'transfer it to protect it' money scams
Data shows a more than four-fold increase, from 2020 through 2024, in reports from older adults who say they lost $10,000 or more. Many lost $100,000.
