Experts are warning about the prevalence of wire transfer scams, especially during the holiday season. Wire transfer fraud causes billions of dollars in losses to consumers every year.

Two KTLA viewers reached out after experiencing a combined loss of over $120,000 due to wire fraud scams.

“It’s just very frustrating and very scary,” said one victim. “I feel violated. All my personal information is out and all my savings are gone.”

KTLA's David Lazarus reports on Dec. 15, 2022.

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