Learn More about COVID Financial Fraud Town Hall
We all know what coronavirus took from humanity. From lives being taken away, to people getting sick, unemployment, economical issues, everyone’s just affected. However, aside from these issues mentioned, this pandemic also sparked a new wave of financial fraud for consumers and investors, the law enforcement revealed.
In this regard, federal agencies including the Securities and Exchange Commission confirmed that scammers are in search of novel ways to steal money by taking advantage of people’s anxieties.
Were you a victim of fraudulent activities during this pandemic? Can you tell us more about it?
Common COVID Fraud & Scams
The following are the common frauds observed by the agencies:
- Stock promotions and market manipulation.
- Charitable investments.
- Community-based financial deals.
- Savings accounts, such as certificates of deposits, offering higher rates of returns
In this regard, SEC, FBI, Federal Trade Commission, and the U.S. attorney’s office set a schedule for a financial fraud tele-town hall on October 6 at 4 p.m. The said event was created for eastern Pennsylvania residents, including people from the Lehigh Valley. This tele-town hall event aims to educate consumers about how to identify and prevent COVID-related financial fraud.
For interested participants, you may visit and pre register on the SEC’s website, sec.gov, between 3:30 p.m. and 4 p.m. on Oct. 6 and click on the Event link. You can also submit questions for speakers in advance to SECPhillyOutreach@sec.gov. The event is free of charge.
Editor’s note on The COVID Financial Fraud Town Hall:
This piece is to inform you about the recent COVID Financial Fraud.
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.Contact Us
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