The FBI says Americans lost billions from the record number one million complaints of online scams and investment fraud schemes reported during the pandemic.
Law enforcement agencies have identified at least 150 investment fraud websites operated by fake broker-dealers who stole a minimum of $50 million from at least 70 victims.
European law enforcement agencies arrested five suspects linked to an online investment fraud scheme that defrauded over 33,000 victims of at least $98 million.
