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FTC Fraud Survey: 1 in 10 Americans Adults Swindled

This is on the level: An estimated 25.6 American adults -- more than 10% of the nation's adults -- were swindled by fraudsters during 2011, according to a report issued Friday by the Federal Trade Commission.You've probably seen promotions for the scams, even if you weren't a victim. Weight-loss products that didn't work. Prize promotions that fizzled out. Work at home scams that generated revenue only for the fraudsters. Unnecessary credit card insurance. Debt relief programs that offered little or no relief. And more, much more.In fact, some people were so taken in by the appeals that they were hit multiple times. A total of 37.8 million incidents of fraud in 2011 were calculated by the FTC's experts, based on responses to a survey conducted for the agency in late 2011 and early 2012."Some victims experienced more than one incident of fraud during 2011, either because they were victims of more than one type of fraud or because they were victims of the same type of fraud multiple time...

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