Several months ago I listed the reasons why I invested in several hot startups and then I did a followup post showing off Scambook’s rather extraordinary growth over the past few months.
Today, I’m proudly present to you their well put together 36-page first quarter 2012 scam report which summarizes over 40,000 consumer complaints received on Scambook.com
It’s pretty eye-opening and it makes me even more proud to be invested in a company that not only helps consumers get their $ back from scams, but also produces useful research forstudents to better understand just how many scams there are out there and how some of the biggest ones go about ripping people off.
Here are some highlights:
-$1 billion in damages in the past year on Scambook
-$29 million in text messaging scams
-27.3 million people lose $48 billion/year due to identity theft
-125 trillion spam messages have been sent the past five years
-California, Florida and Texas have the most scams