Scams & Fraud
A scam is defined as an attempt to defraud a person or group by gaining their confidence.
According to the law, fraud is defined as intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate both civil and criminal law.
In 2020, the FTC received more than 2.1 million fraud reports from consumers, with imposter scams being the most common type of fraud. Other common types of fraud involve online shopping, Internet services, and sweepstakes.
Crypto scams are also growing, with crypto losses totaling $7.8 billion worth of cryptocurrency in 2021.
Latest Scams & Fraud News and Updates
Facebook Doesn't Giving Away Money Often — How to Stay Away From Scams
Is Facebook giving away money? Not usually, and Facebook giveaway scams can cost you money and lead to identity theft. Here's how to avoid the scams.
Is EcoPlus Fuel Saver a Scam? It Sure Looks Like One
There has been a debate about whether the EcoPlus fuel saver is a scam or legit. Let's take a look and put the debate to rest. Here's what we know.
Is Fairtrade a Scam? Company Denies Marketing Ploy "Myths"
Fairtrade claims to provide fair prices to farmers even though many believe that the organization is a scam and just a marketing ploy. Is Fairtrade a scam?
PayPal Prenote Scam: New Loophole Helps Scammers Target Bank Accounts
Scammers have found a new loophole in PayPal's system where they can wipe out bank accounts. How does the PayPal prenote scam work?
Pingora Loan Service Letter Could Be a Scam — Mortgage Lendees Beware
People across the U.S. might have received a letter from Pingora Loan Services about their information being breached. Is the letter a scam?
Scammers Are Phishing for Information With Package Delivery Texts, New Alerts Warn
Alerts about “Holding This 4 You” and “Pick Up Your Stuff” scams warn consumers of text messages leading to phishing websites.
HyperVerse Crypto Looks Like a Risky Investment, Possible Scam
HyperVerse crypto’s HVT token facilitates transactions in the project’s virtual universe where people can trade NFT items and take space tours. Is the crypto legit?
Frosties NFT Rug Pull Scandal — Two Scammers Have Been Arrested
Two scammers reportedly at the helm of the Frosties NFT rug pull have been arrested. What happened in the Frosties NFT rug pull? Here's how it all went down.
Is SpaceX Token Legit? Beware — No Official Ties to Elon Musk
The SpaceX token has caught the attention of many investors. They want to know if the the crypto is a legit Elon Musk project. Here's what we know.
Is the National Grid TCPA Settlement a Scam? Thousands Receive Notices
Emails went out last month about a settlement for National Grid's violation of the Telephone Consumer Protection Act. Is the National Grid TCPA settlement a scam?
Is EcoChip a Scam? Device Has Mixed Reviews, Buy at Your Own Risk
EcoChip is one of multiple devices on the market that claims to improve a vehicle's fuel efficiency and save you money. So far, the reviews are mixed. Is EcoChip a scam?
SIM Swapping: How to Protect Yourself From Widespread Fraud
SIM swapping, in which hackers get your SIM card transferred from your phone to a different phone, can lead to security issues for many different accounts.
Are NFT Charities Legit? Growing Concerns About Theft and Fraud
With growing concerns about NFT theft and fraud, you might be wondering whether NFT charities are legit. Here's what to expect as the NFT business booms.
Scam Alert: Not All VeeFriends Accounts and Emails Are Legitimate
Gary Vee posted a scam alert on his VeeFriends website informing the public that he and his NFT collection have become the subject of a major scam.
Costco 40th Anniversary Scam Targets Shoppers Through Promotions
There's a new scam going around trying to get information from shoppers. Its called the "Costco 40th Anniversary Scam." Here's how to spot it.
Watch Out for Scam IRS Texts This Tax Season, a “Prime Period” for Identify Theft
After an increase in fake IRS texts last year, the agency is warning the American public about text scams involving unemployment or stimulus checks.
Beware of the Credit National Assist Scam Offering Debt Relief
If you get a phone call promising to help with your credit debt, beware! A Credit National Assist scam is out there trying to dupe consumers out of their cold hard cash.
10 Student Loan Scams to Avoid As We Enter the New Year
Avoid these 10 student loans scams online criminals are using to gain personal information from people who can't afford to repay their student loans.
Watch Out For Mia Torres Student Loan Scam Calls
Mia Torres phone calls claiming to offer student loan forgiveness are scams. Here's how to avoid scammers, whether by phone, email, text message, or social media.
Student Loan Forgiveness Scams: What Alumni Should Watch For
As an overhaul of the student loan forgiveness policy is underway, scams are targeting debt-bearing alumni. Here's what to watch for.
