Americans are losing money to coronavirus scams at a startling rate
Scammers take no days off — not even during a pandemic.
Consumers have filed over 15,000 complaints claiming nearly $12 million in losses from COVID-19 related scams, according to a Federal Trade Commission report.
More than half of the losses were reported in the first nine days of April, Business Insider reports, indicating a startling shift as the coronavirus crisis continues to spread around the globe. Should the current rate of fraudulent claims continue, Americans could reportedly lose more than $100 million by July.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The FTC's report shows California had the highest amount of claims with over 1,700, followed by Florida with 1,057. Travel and vacation scams were the most commonly reported type, followed by online shopping and text message scams.
As the new coronavirus has spread, complaints of price gouging have increased along with it, forcing retailers to come out against the practice and leading some state governments to take action.
It's anyone's guess when the pandemic will lighten up and the economy will reopen, and given the current state of panic and uncertainty surrounding the crisis, the next several months could be especially fertile ground for fraudsters.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Marianne is The Week’s Social Media Editor. She is a native Tennessean and recent graduate of Ohio University, where she studied journalism and political science. Marianne has previously written for The Daily Beast, The Crime Report, and The Moroccan Times.
-
The best books of 2024 to give this Christmas
The Week Recommends From Percival Everett to Rachel Clarke these are the critics' favourite books from 2024
By The Week UK Published
-
Parmigianino: The Vision of St Jerome – masterpiece given 'new lease of life'
The Week Recommends 'Spectacularly inventive' painting is back on display at the National Gallery
By The Week UK Published
-
5 unidentifiable cartoons about drones over New Jersey
Cartoons Artists take on national priorities, national security, and more
By The Week US Published
-
Honda and Nissan in merger talks
Speed Read The companies are currently Japan's second and third-biggest automakers, respectively
By Peter Weber, The Week US Published
-
Taylor Swift wraps up record-shattering Eras tour
Speed Read The pop star finally ended her long-running tour in Vancouver, Canada
By Peter Weber, The Week US Published
-
Drake claims illegal boosting, defamation
Speed Read The rapper accused Universal Music of boosting Kendrick Lamar's diss track and said UMG allowed him to be falsely accused of pedophilia
By Rafi Schwartz, The Week US Published
-
'Wicked' and 'Gladiator II' ignite holiday box office
Speed Read The combination of the two movies revitalized a struggling box office
By Peter Weber, The Week US Published
-
Jussie Smollet conviction overturned on appeal
Speed Read The Illinois Supreme Court overturned the actor's conviction on charges of staging a racist and homophobic attack against himself in 2019
By Peter Weber, The Week US Published
-
Quincy Jones, music icon, is dead at 91
Speed Read The legendary producer is perhaps best known as the architect behind Michael Jackson's 'Thriller'
By Peter Weber, The Week US Published
-
OJ Simpson, star athlete tried for murder, dead at 76
Speed Read The former football hero and murder suspect lost his battle with cancer
By Rafi Schwartz, The Week US Published
-
Momofuku's 'Chili Crunch' trademark uproar
Speed Read The company's attempt to own the sole rights has prompted backlash
By Rafi Schwartz, The Week US Published