By Dorothy Riggs, CFE Reportedly, the Federal Trade Commission’s Consumer Sentinel project tallied 3 million consumer complaints received in 2016.   Regarding consumer fraud, identity theft has lost its #1 position.   Impostor fraud has taken the lead.   Last year victims lost $744.5 million collectively to impostor fraud schemes. What is Impostor Fraud? Impostor fraud involves fraudsters impersonating someone else in order to carry out a fraud scheme.   They often contact consumers pretending to be family members, law enforcement, representatives of government agencies, bill collectors and so on.