Coronavirus-related scams have cost Americans $145 million - FTC
The fraudulent operations targeted those waiting to receive stimulus relief and unemployment benefits, as well as treatment for coronavirus infections.
By JERUSALEM POST STAFFA man rides a subway in the Manhattan borough of New York City, New York, U.S., June 25, 2020.(photo credit: REUTERS/CARLO ALLEGRI)
Since the onset of the pandemic, Americans have collectively been swindled out of $145 million in various scams related to COVID-19, according to CNBC citing Federal Trade Commission (FTC) data.Over 205,000 reports of fraud have been filed by the victims of the scams since the beginning of 2020 - average losses were around $300. Senior victims, however, lost more than twice that, averaging around $655.The peak number of fraudulent daily cases in April and May totaled around 1,000. Today that number sits at around 200. However, it should be noted that these are only reported instances, whereas the figure is likely much higher when those not wanting to report are included.The fraudulent operations targeted those waiting to receive stimulus relief and unemployment benefits, as well as treatment for coronavirus infections."While people are scared about their health and finances, con artists are having a field day," said consumer program associate at the US PIRG Education Fund Lucy Baker, according to CNBC."We all need to be on our guard," Baker said, according to the business news channel. "Before you click, pause first. Do your research and ask yourself if that website, email, text, direct message or call is legit. Be wary of handing over your money or personal information."
