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FTC says Americans lost $12.5B to scams last year — social media, AI and crypto didn’t help

You’re not the only one getting voicemails about your car’s extended warranty. According to the U.S. Federal Trade Commission (FTC), about 2.6 million people submitted reports on falling victim to fraud in 2024, totaling $12.5 billion in losses. That’s a big jump from $2.5 billion lost in 2023, when the FTC received roughly the same … Read more

New York powerhouse VC Insight Partners nabs another $12.5B after $8B in exits

Jeff Horing’s Insight Partners is to New York venture capital what Andreessen Horowitz and Sequoia are to Silicon Valley. And it’s a status that has been cemented with Insight’s latest closing. As expected, Insight Partners announced Thursday it closed another giant flagship fund, known as Fund XIII, along with its second Opportunity fund, collectively $12.5 … Read more

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