Americans are losing money to coronavirus scams at a startling rate

Federal Trade Commission logo.
(Image credit: PAUL J. RICHARDS/Getty Images.)

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.

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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.

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Marianne Dodson

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.