No, FTC People Will Never Ask You To Move, Transfer or Send Money

Scammers impersonating FTC staff have bilked people out of thousands so far this year. What to Know.

A person looks at a cell phone that shows a spam call.
(Image credit: Getty Images)

The Federal Trade Commission (FTC) has issued a warning to the public that scammers are pretending to be affiliated with the agency by using the real names of staff members to steal money.

The FTC issued the warning after its staff received “many calls” from consumers that were convinced to move, transfer, send or wire money to the scammers, the FTC said. The median loss for consumers on FTC impersonation scams has increased from $3,000 in 2019 to $7,000 in 2024, the agency added.

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Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.