The Federal Trade Commission (FTC) received more than 2.1 million fraud reports from consumers in 2020, according to newly released data, with imposter scams remaining the most common type of fraud reported to the agency. The FTC reported that online shopping was the second-most common fraud category reported by consumers, elevated by a surge of… Continue reading Imposter Scams Lead List of Consumer Frauds
Tag: consumer fraud
Scams and COVID-19
To the stresses of the COVID-19 epidemic – fear of contracting the illness, working remotely, trying to balance parenthood and job – you can now add the possibility of being duped by unscrupulous sellers looking to make money from the crisis. According to the Federal Trade Commission (FTC), the cost of pandemic-related consumer fraud is… Continue reading Scams and COVID-19