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1Scan for outdated or missing drivers - takes under a minute2Clear out junk files and repair common Windows errors3Fix the driver behind crashes, sound loss and screen glitchesYes—some people who said they were contacted on Truth Social reported losing substantial sums to investment scams. A 2024 Gizmodo report published selected, redacted Federal Trade Commission complaints describing losses from tens of thousands of dollars to hundreds of thousands. Those accounts are serious, but they are allegations in a limited set of complaints—not a verified tally of Truth Social users’ losses or evidence of how common scams are on the platform.
What the Truth Social complaints describe
In an October 5, 2024 report, Gizmodo said it obtained FTC consumer complaints mentioning Truth Social through a Freedom of Information Act request and published a selection with identifying details redacted. Complainants described being approached on Truth Social and then drawn into investment pitches, often through WhatsApp or another service or a purported trading site.
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The reported schemes included cryptocurrency or trading platforms that displayed apparent account balances and profits but would not let users withdraw. Instead, victims were asked for more money, variously described as taxes, verification, transfer, or account-release fees. One complaint described a person who had already lost money elsewhere and was then contacted on Truth Social by someone claiming to be able to recover it.
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One free scan finds every outdated or missing driver and matches the right update for your exact hardware.Free scan · exact hardware matchThe reported amounts range from tens of thousands of dollars to hundreds of thousands. They are amounts complainants said they lost, not totals independently established by Gizmodo or a court. The complaints are redacted, individual accounts; they do not show how many Truth Social users were targeted, establish a platform-wide loss total, or prove that every detail in each account was independently verified. Some described Truth Social as the initial contact point, while later conversations or transfers took place elsewhere.
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What broader scam figures can—and cannot—tell you
Regulator figures show the scale of reported social-media and investment fraud across the United States, but they do not identify Truth Social’s share. The FTC and FBI figures below cover different categories and should not be added together.
| Figure | Scope | What it does not establish |
|---|---|---|
| $2.1 billion in reported losses | Consumers told the FTC they lost this amount to scams that started on social media in 2025; the FTC published the figure in April 2026. | It is not a Truth Social-specific figure. FTC, April 27, 2026. |
| $1.1 billion in reported losses | Reported 2025 losses to investment scams that started on social media, according to the FTC in 2026. | It covers social media broadly, not Truth Social alone. FTC, April 27, 2026. |
| More than $7.9 billion in reported losses; median individual loss above $10,000 | FTC figures for investment scams in 2025, across channels, published in 2026. | These are not social-media-only or Truth Social-specific figures. FTC Consumer Advice, 2026. |
| Nearly $21 billion in reported losses | Reported cyber-enabled crime losses in the FBI’s 2025 Internet Crime Report, released in 2026. | This is a broader cybercrime measure, not a social-media or Truth Social total. FBI, April 6, 2026. |
These agencies count reports they receive, not every instance of fraud. The figures give context for the wider problem; they cannot supply the missing Truth Social-specific denominator or loss total.
How to recognize the pattern in an investment pitch
A profile that seems familiar, an account balance shown on a trading site, or a story about impressive returns is not proof that an investment is real. The complaints described in Gizmodo’s report point to several warning signs:
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- The contact urges you to move the conversation to a private messaging service or a separate trading platform.
- A site displays profits or a balance, but you cannot withdraw your money.
- You are told to send another payment for taxes, verification, a transfer, or to unlock the account or release funds.
- After an earlier loss, someone offers to recover your money but asks for an upfront payment or additional funds.
A displayed balance is only a number on a screen. When withdrawal depends on paying a new fee, do not send more money in an attempt to release the supposed profits.
What to do if someone asks for more money—or you have already paid
- Stop sending money. Do not pay a new fee to withdraw, verify, transfer, or recover funds. Do not rely on the person who contacted you to explain what to do next.
- Contact the bank, payment provider, or exchange you used. Use contact details you find independently, not links or phone numbers sent by the person promoting the investment. Ask whether the payment can be stopped, disputed, or otherwise addressed; the available options depend on how you paid.
- Keep relevant records. Save messages, transaction details, account information, and the names or addresses used by the purported platform. Do not send the person additional information or money as a condition of getting help.
- Report the suspected fraud. The FTC accepts reports at ReportFraud.ftc.gov. The FBI also collects reports about cyber-enabled crime; consult its 2025 Internet Crime Report announcement for the report context. A report helps authorities collect information, but filing one does not guarantee that money will be recovered.
Be wary of anyone who approaches you afterward claiming they can retrieve the funds for a fee. The reported recovery pitch is itself a warning sign; no particular app, wallet, or paid service is established here as a way to reverse a transfer.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What Truth Social’s owner said
Gizmodo reported that a Trump Media & Technology Group representative, speaking through MZ Group, said the company had “a robust team that actively searches for scams and bots on the platform and bans them as soon as they’re found.” Gizmodo also said its follow-up questions did not receive a response. The statement describes the company’s position; it does not establish how many fraudulent accounts were present or whether a particular complaint was resolved.
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