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Americans are being cyberscammed out of billions and few are getting their money back

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Americans are being cyberscammed out of billions and few are getting their money back

S. S. Congress has found. The government doesn’t even have a unified accounting of how much money has been seized from overseas scam compounds, nor how much has been returned to victims, according to the report, released Tuesday by ranking Democrats Sen. Maggie Hassan and Rep. Don Beyer. Citing findings from a yearlong investigation into global scams by The Associated Press and FRONTLINE, the report called for greater collaboration across agencies, support for victims, and deeper private sector engagement. S. technology, including AI , to carry out scams against Americans with devastating consequences,” Hassan said in an email. S. government agencies. The FBI told the committee that it returned $336 million to scam victims in 2025. 83 billion to fraud victims in fiscal year 2025, but couldn’t determine how much of that money had been lost to overseas scam compounds. S. Secret Service returned more than $770 million in seized assets to fraud victims in fiscal years 2024 and 2025, but noted the money had come from a range of fraud schemes. S. State Department said that foreign law enforcement agencies that receive support from the department had seized proceeds “in the low hundreds of millions of dollars,” but told Congress to ask the Departments of Justice, Homeland Security and Treasury for details. Taken together, that only adds up to a fraction of what victims have lost. Americans reported cyberfraud losses of nearly $18 billion — that’s more than $2 million an hour — last year to the FBI. Many don’t even report the crime.


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