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National

Charles Epstein

Consumer Internet Fraud Cases Are Rising But Prosecutions Aren’t

FBI Merrick Garland FDIC PureVPN

In 2021, the FBI’s Internet Crime Report (released earlier this month), listed 847,376 complaints of suspected internet crime amounting to losses of over $6.9 billion. File photo. (Sean Gallup/Getty Images)

Internet financial fraud has been on the rise for two decades, and the latest statistics from the FBI show it is continuing to derail the lives of more people and cause more financial hardships.

In 2021, the FBI’s Internet Crime Report (released earlier this month), listed 847,376 complaints of suspected internet crime. This was a 7 percent increase from 2020, and the crimes resulted in losses of over $6.9 billion.

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