Earlier this month, 21 people were sentenced for their involvement in a massive India-based phone scam operation, in which they posed as IRS representatives and bilked thousands of Americans out of millions of dollars.
Most incidents of fraud don’t involve such large sums of money or result in so many criminal convictions, but there were more than 1.1 million cases of fraud reported through the Federal Trade Commission’s Consumer Sentinel Network in 2017, according to a recent report.
Missouri alone saw 18,947 fraud complaints, putting the state 12th in terms of most fraud cases per 100,000 residents, according to the report.
The report showed that only 16 percent of Missouri’s reported frauds in 2017 resulted in money loss, a steep decline from 50 percent in 2016. However, the amount of money lost last year totaled more than $10 million, compared to $7.7 million the year before.
According to the report, debt collection accounts for almost a quarter of the total fraud reports in Missouri, followed by imposter scams (14 percent) and identity theft (11 percent).