My mom, 74, recently fell for a phone scam — and now I’m out $12,000 because our bank accounts are linked. What can I do?
Americans lost a shocking $3.5 billion to imposter scams in 2025, according to data from the Federal Trade Commission. These losses are around three times greater than in 2020. Imposter scams were the leading cause of fraud last year, with almost one in three fraud reports related to scammers impersonating others via phone, text, or other means.
