Consumers have reported losing more than $500 million to Covid-related fraud since the beginning of 2020, according to the Federal Trade Commission.
The true scope of consumer complaints and losses is likely much higher than official statistics, since the data is self-reported by consumers, Grant said.
Online shopping accounted for the largest number of reported scams to the FTC — more than 53,000 complaints, or about 16% of the total that reported fraud.
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