U.S. Coronavirus Fraud Losses Near $100 Million as COVID-19 Scams Double
These scams take advantage of desperation and are "running rampant"
U.S. losses from coronavirus-related fraud and identity theft have reached nearly $100 million since the pandemic emerged in March, while complaints of COVID-19 scams have at least doubled in most states, a consumer protection group said on Tuesday.
A report from the group, based on government data, highlighted the vast scope of a fast-growing criminal cottage industry - from phony stimulus-check offers to shopping scams and fake cures - preying on Americans already distressed by the pandemic and its economic fallout.
Perhaps not surprisingly, the study found California, Florida, New York, Texas and Pennsylvania - the most populous of the 50 U.S. states - to be the five most targeted by coronavirus scams in the country.
Please select this link to read the complete article from Reuters.