Special to The McDowell News
ASHEVILLE — Investment scams, including those involving cryptocurrency, are now the riskiest scam type, according to a new report from the Better Business Bureau. More than 80% of people who were targeted by this scam type reported losing money to BBB Scam Tracker. It also had the second highest median dollar loss at $3,800.
Investment scams take many forms, including pressure to purchase, trade or store digital assets (cryptocurrency) with fraudulent exchanges. Investment and cryptocurrency scams both appeared on the list of ten riskiest scams in 2023. This year, we combined them because most cryptocurrency scams involved some sort of investment opportunity.
Employment scam reports remained the second riskiest scam type in 2023. Reports increased 54.2% from the year before. Employment scams had a median…
