A new book entitled “Scam Nation: Fighting The $257+ Billion Epidemic of American Consumer Frauds and Cons” has been published by John S. LaRosa, president of Marketdata LLC.
The book is full of interesting data and reveals how amazingly cons and scams have grown since 2000. It points to the internet and an economy with few good-paying jobs as the greatest contributing factors.
According to the publication, U.S. consumers lose a staggering amount of money every year – between $257 and $337 billion. That’s an estimate that is pretty conservative because many victims never report the crime.
LaRosa says “most of us are under the impression that other nations, Russia, Mexico or Nigeria are the home to most scams and cons. Not so.”
Due to the number and types of scams, and the vast amount of money lost, the U.S. is the quintessential “scam nation.”