In The U.S. Hispanics Are Suffering Great Financial Losses As A Result of Phone Scams

The company offers a lot of services, which include a dialer with caller ID, spam detection, messaging, and more. Truecaller’s mission is to increase trust by making communication safe and efficient for everyone.
June 8, 2022
Phone Scams

Truecaller is used by people to stay ahead of the game. It allows users to see who is contacting them, filter out unwanted calls and SMS, and focus on what matters most. 

The company offers a lot of services, which include a dialer with caller ID, spam detection, messaging, and more. Truecaller’s mission is to increase trust by making communication safe and efficient for everyone. Headquartered in Sweden,Stockholm the company was founded in 2009 by Nami Zarringhalam and Alan Mamedi . Investors include Sequoia Capital,  and Kleiner Perkins.

The Outcomes of These Phone Scams

Phone Scam

The results of Truecaller’s eighth annual Insights U.S. Spam & Scam Report was released today by Truecaller, the premier global platform for authenticating contacts and eliminating unwanted correspondence. 

According to research conducted with The Harris Poll, Latinos in the United States experience a disproportionately greater percentage of financial loss as a result of spam and scam calls than the general population. In the last year, 35 percent of Hispanics in the United States said they had lost money as a result of phone scams, compared to 26 percent of the entire population.

Because Hispanics in the United States are more likely to rely on international phone calls from family members in other countries, they are more susceptible to caller-ID confusion when attempting to determine the legitimacy of incoming, unrecognized phone calls. Similarly, only 59 percent of Hispanics, compared to 62 percent of the general population, say they will delete a text from an unknown phone number. According to the study, Hispanics are more likely to engage with unknown callers and texters, increasing their chances of encountering scammers. In comparison to the general population, Hispanics are 38 percent less likely to register for spam call protection.

Scam calls can cause a lot of problems in people’s lives. After being duped, 35% of Hispanics in 2021 took the inconvenient step of deactivating their credit cards. Data goes to show that Hispanics are more likely than the overall population to fall victim to phone scammers and incur financial losses as a result of them.

According to Truecaller’s insights study, Hispanics lost money at a rate 35 percent greater than the overall public in 2021 and were 39 percent more likely to fall victim to general phone scams. Despite the fact that Hispanics are more likely to be scammed and lose money, they received 35% fewer spam calls than the general population, indicating the disproportionate rate at which Latinos are targeted.

“In comparison to the overall population, Hispanics in the United States require more protection and insulation from spam calls,” says Clayton LiaBraaten, senior strategy advisor for Truecaller. “These con artists have evolved into highly skilled social engineers who are always coming up with new ways to prey on unsuspecting victims. Scams involving immigration and the Internal Revenue Service are popular among Hispanics in the United States.

Robocallers accounted for 74 percent of Latinos who lost money to phone scammers in the previous year, compared to sixty percent of the general population in the United States


We have encountered victims who were mentally and emotionally drained when they were scammed out of their money. We can help you with your legal and technical concerns. We can help you get your money back.

The Most Common Robocalls

  • Warranties on Vehicles (45 percent )
  • Taxes or legal fines are owed (40 percent )
  • Offers to swap or bundle mobile, cable, and satellite television services (33 percent )
  • The Internal Revenue Service (IRS) is (32 percent )
  • Sweepstakes / Lotteries (32 percent )
  • Medicare is government-run health- (31 percent )
  • The use of your social security number has been revoked (29 percent )
  • Investing in cryptocurrency is a great way to diversify your portfolio (17 percent )
  • Various (10 percent )

What Can Chargeback Way Do To Help?

Chargeback Way makes use of current principles, buyer privileges, and innovative solutions to ensure that you receive the best possible recovery assistance. 

You will receive instructions and recommendations to begin your recovery process after proving that your solicitation is valid and that a scam has been submitted. Insight experts, financial experts, and former law enforcement officials make up our colleagues and team of professionals. We’ll decide on the best plan for recovering your missing valuables together. Chargeback Way will represent you in front of all parties involved throughout the entire process.

They are a funds recovery and consulting firm that specializes in maximizing the outcomes of your disputes and claims so that you can get your money back. Chargeback Way has 45+ specialized resources to handle everything from fund recovery issues to forex scams and more. More importantly, they teach their consumers about their rights so that anything like this never happens to them again!

They’ve recovered millions of dollars in losses over the last three years. We have more than five years of experience working with and combating cyber fraud and other financial scams. When it comes to interacting with the customers, they believe in total transparency at all times. Establishing trust is their alma mater, so go meet them in person, look at their firm details online, or speak with others we’ve previously worked with. They will reclaim any cash you owe them, no matter how large or small it is.

Boost your knowledge about different kinds of scam with the help of Chargebackway. Get tips and guides, visit our news page.


Find Related News

No tags for this post.

Subscribe to Our Newsletter


Scam Recovery Resources

A Man, Some Dogs & A $17,000 Payment Scam Recovery!

The first thing Ayra said to us as soon as she came to our office was, ‘This pet scam was the worst thing that could happen to me at the worst time of my life.’ This broke our team, and thus was the moment we decided to put our utmost energy, expertise, and time into the case, which is what we are best at!

Read More »

Our news section focuses on reporting scam related news and alerts. We aggregate information from the web, as well as, reach out to our contacts so that we can get the latest scoop on scam operations.

FundTrace is committed to upholding the journalistic standards online, including accuracy. With our news reporting, our policy is to review each issue on a case by case basis, immediately upon becoming aware of a potential error or need for clarification, and to resolve it as quickly as possible.

We Can Help You

Victims of scams are stressed out because they don’t know what to do. We have the tools and experience to fight off scams, and our team can help you in getting your money back.

Please fill up the form now so that our team will get in touch with you.

Share This Article