New COVID-19 Scams to Watch Out For

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New COVID-19 Scams to Watch Out For

(FinancialHealth.net) – The COVID-19 pandemic is still causing suffering across the United States. Millions of Americans are out of work, and now they have to worry about becoming the victims of scams as well. Fraudsters are targeting as many people as they can, but retirees are at a particularly high risk. Knowing what to look out for could save you a lot of pain later.

The Federal Trade Commission (FTC) has reportedly received over 23,000 complaints about COVID-19 scams. According to AARP, people have lost more than $28 million.

Senior Living is offering some tips to keep you safe:

Additionally, here are three schemes the FTC is warning people to watch for:

  • People are using social media to sell fake masks. The scammer takes their victims’ money but never delivers the products. Only buy personal protective equipment from reputable sellers.
  • There is no cure for COVID-19. Don’t buy products that claim they’ll heal you if you catch the virus.
  • Fraudsters are adding the Small Business Association (SBA) logo to letters and emails to trick people into giving them their personal information. The SBA will never initiate contact, and all emails from its office will come from an address ending in “.gov.”

A good rule of thumb is never to give someone your personal information if they are contacting you. Also, if something sounds too good to be true, it probably is. Before you give your money to anyone, research first. Stay informed and diligent to keep yourself safe.

~Here’s to Your Financial Health!

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