The Federal Trade Commission (FTC) is warning the public about scammers who are pretending to be employed by the FTC to steal money.
The Federal Trade Commission is warning the public about scammers who are pretending to be employed by the FTC to steal money. Consumers have called the agency to report scammers who used real FTC employee names to then try to convince them to move their money to "protect it." So far, the median losses consumers have suffered due to FTC employee impersonators has increased from $3,000 in 2019 to $7,000 in 2024, according to the agency.
"It will also never contact consumers to demand money, threaten to arrest or deport them, or promise a prize. If someone claims to work for the FTC and makes any of these demands or threats, they are a scammer," the FTC said in a news release. Scammers who impersonate government agencies and businesses have cost consumers billions in recent years, according to the FTC.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTC Takes Action Against Student Loan ScammersThe Federal Trade Commission (FTC) has taken action against the operators of Mission Hills Federal and Federal Direct Group for tricking student loan borrowers out of their money. The operators charged illegal upfront fees and falsely claimed to lower consumers' monthly loan payments. This creates an opportunity for malicious actors to exploit borrowers seeking debt relief.
Read more »
FTC to send nearly $100 million in refunds to customers of Benefytt's fake health plansNearly half a million U.S. consumers lured into buying sham insurance from Benefytt Technologies will get refunds.
Read more »
10 lies scammers tell to separate you from your moneyRip-off artists often use the same phrases to sow confusion and induce panic among their victims. Here's what to watch out for.
Read more »
FTC to send $4.1 million to over 27,000 borrowers defrauded by student loan forgiveness scamsThe Federal Trade Commission is sending $4.1 million to 27,584 consumers who were defrauded by a student debt relief scam.
Read more »
'This Is a Complete Scam': 23andMe Users Complain About Shady Auto-Renewal PoliciesGizmodo obtained dozens of angry complaints filed with the FTC in the past year.
Read more »
FTC sending checks to people defrauded by student loan forgiveness scamsThe FTC is sending over $4.1 million in refunds to people who lost money in student loan forgiveness scams. Here's what to know.
Read more »