The Federal Trade Commission (FTC) has logged over 137,000 complaints related to COVID-19 and stimulus payments, with over half of them being fraud or identity theft related. Victims have reported over $89.5 million in loss from fraud. With the coronavirus having such a huge effect on all parts of our life, it has created another category of scams. COVID-19 scams have become the new face of financial fraud across the US.
The newest installment of Wallet Watch is all about those coronavirus scams. Whether it’s fraudulent charities, fake at-home test kits and vaccines, or entities promising your business faster processing for PPP loans, we’ve got you covered. This is the first episode of Season 4. The Wallet Watch team has some great content for this season with topics about leasing and buying, renting and owning, job benefits and more.
Do you want transcripts for any of our episodes? Email us a request at [email protected]
Transcripts offer an excellent way to have a copy of the tips and topics we cover in each episode.
Also, we have a contest! All you have to do is comment under one of our podcast-related posts. Be sure to tag a friend and include the title of this episode, “Scams to Avoid Part 2”.