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Americans Lose over $145 Million to COVID Scams

Scammers Take Advantage of COVID Pandemic

The Federal Trade Commission revealed that Americans have been scammed $145 million to fraud linked to COVID.

Moreover, more than 205,000 reports of COVID-related scams have been filed by consumers since the start of the year, the federal agency adds. Also, the average loss reaches up to $300.

Furthermore, some of the victims of these fraudulent activities are seniors who are at least 80 years old. Even though they are less scammed than other age groups, their loss is doubled at $655 compared to the typical person.

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According to reports, fraudsters utilized varied ways to steal money from unsuspecting Americans. Their schemes include financial relief such as stimulus checks and unemployment benefits, fake treatments for Covid-19, and fraudulent charities.

“While people are scared about their health and finances, con artists are having a field day,” says Lucy Baker, a consumer Program Associate at the U.S. PIRG Education Fund.

“We all need to be on our guard,” Baker adds. “Before you click, pause first. Do your research and ask yourself if that website, email, text, direct message, or call is legit. Be wary of handing over your money or personal information.”

Editor’s note on the Millions of Dollars Lost to COVID Scams:

This piece is to inform you about the recent $145 Million Loss to COVID-related Scams.

For further information about the recent COVID updates, don’t hesitate to send us an email at Outreach@ConsiderTheConsumer.com, find us on Twitter or Facebook, or even connect with us directly on our website! We look forward to hearing from you all.

Similarly, please check out our current list of Class Actions and Class Action Investigations, here.

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