FTC identifies top fraud complaints.(WASHINGTON)(Brief article)

Food Institute Report, The, February, 2008

The Federal Trade Commission (FTC) released its list of top consumer fraud complaints. In 2007, of the 813,899 total complaints received, 32% were related to identity theft. Credit card fraud was the most common form of identity theft (23%), followed by utilities fraud (18%), employment fraud (14%) and bank fraud (13%). Consumers reported fraud losses totaling more $1.2 billion; the median loss per person was $349, according to the FTC.

Top 20 Complaints

Category Percent

1 Identity Theft 32%

2 Shop-at-Home/Catalog Sales 8%

3 Internet Services 5%

4 Foreign Money Offers...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.