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A new data report from the Federal Trade Commission reveals that younger people in their twenties are more than twice as likely as people 30 and older to report losing money to a fake check scam. The median loss reported was $1,988. That’s more than six times the median loss on all frauds tracked by the FTC. What’s more, reports about fake check scams are up by about 65 percent over 2015. (FTC)

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A new data report from the Federal Trade Commission shows that consumers in their twenties are more than twice as likely as people 30 and older to report losing money to fake check scams.

By Staff report February 11, 2020
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