Scammers pretend to be trusted organizations—like the Social Security Administration, banks, or popular tech companies—to trick you into sharing personal information or sending money.
Promising astronomical returns on investment with low risk, such as bogus penny stocks, fake crypto opportunities, or multi-level marketing schemes. Why We Are All Vulnerable Consumer Fraud Awareness and Prevention - OCC consumer fraud
This includes fake websites, non-delivery of items, or high-priced items that turn out to be counterfeit. such as bogus penny stocks
According to a 2023 FTC report, 55.5% of surveyed adults experienced some form of consumer fraud in just two years. Understanding these tactics is your best defense. Top 3 Consumer Fraud Schemes fake crypto opportunities