$12.5B
FTC-reported fraud losses in 2024
FTC says consumers reported losing $12.5 billion to fraud in 2024.
Scammers create fake online stores or social media ads offering impossibly low Black Friday prices on popular electronics and brand-name goods, then steal payment information or ship counterfeit items.
“holiday shopping scam”
→ 0%Key indicators
Estimated impact
$960
median reported loss
Scam breakdown
Scammers register domains that mimic popular retailers or create new brands, then flood social media with ads featuring unrealistically low Black Friday prices.
Shoppers who place orders either receive nothing, counterfeit products, or have their credit card information stolen.
The fake stores disappear within days of Black Friday, making chargebacks and refunds nearly impossible.
What to do first
Verify deals by going directly to the retailer's official website rather than clicking social media ads.
Related terms
Real-world example
Based on reported patterns. Names and details are illustrative.
The setup
Daniel, 34, a online shoppers, encountered what appeared to be a legitimate holiday shopping scams situation while using Website. Scammers register domains that mimic popular retailers or create new brands, then flood social media with ads featuring unrealistically low Black Friday prices.
Step 2
What happened next was calculated: Shoppers who place orders either receive nothing, counterfeit products, or have their credit card information stolen.
Step 3
The pressure escalated quickly: The fake stores disappear within days of Black Friday, making chargebacks and refunds nearly impossible.
The outcome
Daniel realized something was wrong when prices are 70-90% below retail with no credible explanation. By that point, significant damage had already been done — money sent, personal information shared, or trust exploited.
The lesson
Verify deals by going directly to the retailer's official website rather than clicking social media ads. Daniel's experience shows why prices are 70-90% below retail with no credible explanation and website was registered within the last 30 days and has no verifiable contact information are the clearest early warning signs.
How to identify it
What to do now
What to save before reporting
How big is this problem
These numbers come from government agencies and official reports. If you have been affected, know that this is a widespread problem — not something that only happens to careless people.
$12.5B
FTC says consumers reported losing $12.5 billion to fraud in 2024.
Imposters
FTC says imposter scams remained the most commonly reported fraud category in 2024.
History and evolution
Recovery and follow-up
Why this pattern keeps working
Even when the story changes, most scams still use the same pressure pattern: urgency, authority, and a request to move money or data fast.
The Better Business Bureau reported a 30% spike in fake online store complaints during the 2024 Black Friday weekend, with median losses of 100 dollars per victim.
BBB Scam Tracker 2024 Holiday Report
Where to report it
If you have been targeted by this scam, reporting it helps authorities track the pattern and protect others. United States has dedicated agencies that handle fraud reports.
ReportFraud.gov
Federal Trade Commission
Central U.S. consumer fraud reporting portal.
File an IC3 complaint
FBI Internet Crime Complaint Center
FBI portal for internet-enabled crime reports.
Start identity theft recovery
IdentityTheft.gov
Official U.S. identity theft recovery plan builder.
Explore further
Who is most at risk
Primary targets
Online shoppers, Bargain hunters, Young adults
Geographic concentration
United States, United Kingdom, Canada
Primary channel
Website — Holiday shopping scams
Why this group is vulnerable
Online shoppers are particularly vulnerable because this scam exploits trust in familiar brands, authority figures, and time-sensitive decisions. The ongoing nature of reports suggests that awareness among this demographic remains low.
Sources and methodology
OpenScam tracks scam patterns using a combination of government consumer protection databases (FTC, IC3, Action Fraud), platform-specific fraud reports, and verified consumer complaint data. Each entry is cross-referenced against at least two independent sources before publication.
Severity ratings are based on financial impact potential, reversibility of damage, and volume of reports across multiple reporting channels. Trend velocity reflects the rate of change in report volume over the most recent 90-day window.
This page was last verified on 2026-04-04. Red flags, recovery steps, and reporting resources are reviewed quarterly against current agency guidance.
Evidence and indicators
Source notes
Frequently asked questions
Scammers register domains that mimic popular retailers or create new brands, then flood social media with ads featuring unrealistically low Black Friday prices. Shoppers who place orders either receive nothing, counterfeit products, or have their credit card information stolen. The fake stores disappear within days of Black Friday, making chargebacks and refunds nearly impossible.
Prices are 70-90% below retail with no credible explanation Website was registered within the last 30 days and has no verifiable contact information Only accepts payment by wire transfer, cryptocurrency, or gift cards
Verify deals by going directly to the retailer's official website rather than clicking social media ads. Use a credit card for purchase protection and monitor your statements for unauthorized charges. Report fake stores to the FTC at reportfraud.ftc.gov and the BBB Scam Tracker.
This scam primarily targets Online shoppers, Bargain hunters, Young adults. It is most commonly reported in United States, United Kingdom, Canada and typically appears on Website.
black friday fake deal scam is currently on our watch list. It has been reported across US, UK, CA. Last updated 2026-04-04.
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Help someone avoid this scam.
Scammers succeed because people do not talk about it. If you or someone you know has been affected, there is no shame in it — it happens to millions of people every year. Share this page with friends and family so they know what to look for.