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Posts tagged Public safety
The Impact of Financial Fraud in Colorado

By Thomas Young

Financial fraud is on the rise nationally. Across all 50 states and D.C., the Federal Bureau of Investigation’s (FBI) Internet Crime report tracked 859,532 fraud claims in 2024. These claims resulted in $16.6 billion in financial loss, up 33% from 2023. A separate source, the Federal Trade Commission’s (FTC) Consumer Sentinel Network, reported 2.6 million fraud cases in 2024, of which 38% involved losing money. According to this source, citizens reported losing $12 billion to fraud, up $2 billion from 2023. This study seeks to answer the pressing question: What is the extent of financial fraud in Colorado and its impact on the lives of everyday Coloradans and the overall health of the state’s economy?

According to the Colorado Department of Public Safety, reported fraud cases summed to 75,119 from 2022 through 2024. Financial fraud is also costly, with the FTC reporting the total financial loss of financial fraud at $211 million statewide in 2024, up 314% since 2020. The FBI reported $244 million in losses from online (formally referred to as cyber-enabled) crime in Colorado, up 142% since 2020. These are just the reported figures. Unreported loss from financial fraud is higher.

The FBI reports that among all states Colorado ranks 34th best in total losses from online crime; 44th best in online crime per 100,000 citizens; 33rd best for complaints filed by individuals 60+; and 34th best for cryptocurrency losses by state. The FTC Consumer Sentinel Network figures on fraud, identity theft, and telemarketing suggests Colorado is doing slightly better than the FBI’s statistics. Colorado has the 32nd lowest rate of fraud and the 24th lowest rate of identity theft by their metrics.

In Colorado and across the nation, fraudulent financial activity is becoming increasingly sophisticated, encompassing a broad array of schemes such as identity theft, phishing, wire fraud, investment scams, and elder financial abuse. As the digital economy expands and cybercriminal tactics evolve, Coloradans face heightened risks from fraud schemes that attempt to exploit personal vulnerabilities, holes in financial systems, social media platforms, payment technologies, and personal data security. Fraudulent activities result not only in direct financial losses for individuals, businesses, and financial institutions, but they also have ripple effects throughout the state’s economy—affecting prices, consumer behavior, public safety expenditures, and overall economic productivity. 

This report presents evidence of the economic consequences of financial fraud, covering both the direct and indirect costs of fraudulent activity by examining incident data, economic modeling, and a fraud case study. By analyzing trends in fraud—including the types, methods, and demographic factors associated with its presence—it aims to provide policymakers, businesses, and consumers with actionable insights into the economic stakes of financial fraud.

Key Findings

  • For the state of Colorado, CSI estimates in 2025 the losses from financial fraud include—

  •  An estimated $375 million in direct, reported losses

  • An estimated $2.5 billion in unreported losses

  • The state’s General Fund will lose an estimated $88 million in tax revenue this year due to financial fraud.

  • CSI estimates reported fraud alone will have the following impact on Colorado’s economy in 2025:

    • A $954 million reduction in state GDP

    • A $932 million reduction in statewide personal income

    • A loss of approximately 6,628 jobs

  • Estimates on the reporting of financial fraud suggest formal reporting of financial fraud may be quite low, with one estimate putting the figure at 14%. This means that most financial fraud does not get reported to government authorities.

  • CSI estimates all financial fraud, reported and unreported, will have the following impact on Colorado’s economy in 2025:

  • A $5.1 billion reduction in state GDP ($856 per person)

  • A $3.9 billion reduction in statewide personal income ($655 per person)

  • A loss of approximately 16,374 jobs (0.5% of nonfarm jobs)

  • Financial fraud has wide-ranging economic implications. The impact is felt across consumer spending, interest rates, available loanable funds, capital investment, government spending and taxing, profit, and community trust.

  • Colorado’s incidence of financial fraud is around the middle of the states at 18th highest, at 1,260 reported incidents per 100,000 residents, lower than 17th ranked California at 1,291 and 19th ranked Mississippi at 1,221. The states with the highest incidence of financial fraud are Florida and Georgia with rates that are 72% and 67% higher than Colorado’s. 

Greenwood Village,  CO: Common Sense Institute 2025. 24p.

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Measuring the effects of Crime Prevention Through Environmental Design (CPTED) on fear of crime in public spaces

By Isangelo Senna, Fabio Iglesias, Lucas Heiki Matsunaga

Abstract Despite decades of research on Crime Prevention Through Environmental Design (CPTED), the specifc impact of its dimensions on fear of crime (FoC) remains under-examined. This study investigates these efects by analyzing responses from 460 participants who evaluated photographs and completed the Situational Fear of Crime Scale for Public Spaces (SFS-Scale). The fndings reveal that defciencies in natural surveillance, followed by a lack of territoriality, are linked to heightened FoC. Moreover, natural surveillance emerged as a more signifcant predictor of FoC compared to territoriality. Additionally, police ofcers and military personnel reported lower levels of FoC than the general public. The study highlights the importance of understanding how CPTED dimensions shape public perceptions of safety. It also ofers practical insights for the development of targeted public security policies. These fndings suggest that CPTED principles can play a crucial role in reducing fear of crime and enhancing public safety in urban settings.

Crime Prevention and Community Safety (2025) 27:1–17 

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The Fear of Crime

May Contain Markup

Developed by Wesley G. Skogan & William R. Klecka

Purpose and Development: The module "The Fear of Crime" was developed by Wesley G. Skogan and William R. Klecka, using victimization survey data collected by the U.S. Bureau of the Census. It aims to study crime and public fear of crime using survey data.

Historical Context: The document references President Johnson's 1965 initiative to combat crime, noting significant increases in crime rates and public fear of crime over the following decade.

Survey Methodology: The surveys used to gather data included both victimization and attitude questionnaires, focusing on personal attributes, crime experiences, and perceptions of crime.

City Comparisons: The module compares data from New York City andSan Diego, highlighting differences in crime rates, victimization, and public fear of crime between the two cities.

American Political Science Association, 1977, 82 pages

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Crime and You

May Contain Markup

By C.W. Topping

New Penology: The book discusses the concept of the new penology, which focuses on a comprehensive system of treatment and prevention, starting from childhood and continuing throughout life.

Crime Prevention: Emphasizes the importance of family counseling, community organization, and social group work in preventing crime.

Prison Reform: Contrasts old and new prison systems, highlighting the need for modern facilities, educational programs, and rehabilitation efforts.

Scientific Approach: Stresses the role of scientific research and the involvement of psychiatrists, psychologists, and social workers in understanding and treating criminal behavior..

Saddlebag Books, 1960, 82 pages

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