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Social Security scams are spiking during the pandemic
As of May 14, the Federal Trade Commission received 45,623 coronavirus-related consumer and small business complaints representing reported fraud loss of more than $33.84 million, with a median individual loss of nearly $500. Scammers often target seniors because they may have more assets or regular income and because they tend to be more trusting than other age groups. Some examples of the schemes that are circulating: queries on stimulus checks, offering unproven coronavirus test kits, and setting up bogus charities. For more details read this article by Barron’s Daisy Maxey here…
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