Scams More Profitable Than Ever – and Almost Risk Free 

Scamming people for money has reached what experts now call a "scam tsunami" sweeping across the globe. According to the latest statistics published by the Global Anti Scam Alliance, 25.1% of all people worldwide have been subjected to some form of money-related scam. 

The scale is staggering, the annual revenue for scammers now exceeds one trillion US dollars. Even more shocking is the fact that only 0.005% of scammers are ever prosecuted, and of those, just 11% are convicted. 

 Scams vs. the Global Drug Trade 

To put these numbers into perspective, the global cocaine trade is estimated by several law enforcement agencies to generate about 100 billion US dollars annually. This means that scams are now ten times larger in revenue than the cocaine business.  The conclusion is hard to ignore, scamming has become extremely profitable, with almost no risk for the criminals involved. 

Refunds for Scam Victims, rare and Unlikely 

For scam victims, getting a refund is almost impossible. In reality, the chance of recovering lost money is so small that most victims never see a single cent returned.  The typical experience for victims who report the crime is disappointing, police often just file the report without launching an investigation. Statistics show that the police are of little help to scam victims. 

This lack of effective action explains why only 7% of victims even bother reporting scams to the police. The majority feel that they will not be helped, and sadly, they are often right. 

 Bottom line. Scams are growing faster than ever, they are more profitable than almost any other criminal activity, and the chances of a victim getting justice or a refund remain painfully slim.