Fair 53°
Tag:

Federal Trade Commission

News
Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say
Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say Federal authorities are sounding the alarm over scams that impersonate well-known businesses and government agencies.  In 2023, data from the Federal Trade Commission (FTC) alone show more than 330,000 reports of business impersonation scams and nearly 160,000 reports of government impersonation scams. That amounts to nearly half the frauds reported directly to the agency, the FTC said. Combined, reported losses to these impersonation scams topped $1.1 billion for the year, more than three times what consumers reported in 2020. Reports show an increasingly blurred line between busine…

SHARE

by Joe Lombardi
News
CT Dealership Accused Of Deceiving Customers, Charging 'Junk Fees': Attorney General CT Dealership Accused Of Deceiving Customers, Charging 'Junk Fees': Attorney General
CT Dealership Accused Of Deceiving Customers, Charging 'Junk Fees': Attorney General A car dealership in Connecticut is being accused of deceiving customers about the prices of its used cars and charging "junk fees" without consumers' consent, officials announced. These accusations were part of a complaint filed in US District Court against Hartford County auto dealer Manchester City Nissan by Connecticut Attorney General William Tong and the Federal Trade Commission, Tong's office announced on Thursday, Jan. 4.  The complaint alleges that the dealership, located in Manchester at 30 Tolland Turnpike (Route 83), would often lie to customers about the prices of…

SHARE

by Ben Crnic
News
Police Issue Alert For Circulating Bitcoin Scam In Fairfield County Police Issue Alert For Circulating Bitcoin Scam In Fairfield County
Police Issue Alert For Circulating Bitcoin Scam In Fairfield County Police in Fairfield County are warning residents against the latest scam, this one involving Bitcoin. Fairfield Police Chief Robert Kalamaras said they learned of the latest scam when a resident alerted the department on Tuesday, Nov. 22 that they had sent $7,000 in Bitcoin currency to an unknown account prior to realizing it was a scam. The resident told officers she had received a call from an unknown male claiming to work for the fraud department of an online retailer. He told her that fraud was detected on her account and informed her that she would have to transfer her money to a Bitco…

SHARE

by Kathy Reakes
Police & Fire
Don't Fall For Them: Alert Issued For Student Loan Forgiveness Scams Don't Fall For Them: Alert Issued For Student Loan Forgiveness Scams
Don't Fall For Them: Alert Issued For Student Loan Forgiveness Scams Days after President Biden announced a sweeping plan to forgive thousands of dollars in federal student loans, authorities are warning of scammers preying on those with student debt. Several police agencies around the country are urging people to be on the lookout for “red flags” that may indicate a would-be scammer. Among them are promises to get student borrowers even more money, or claims they can get a borrower their money faster, police said. The Federal Trade Commission (FTC) put out a statement telling student loan borrowers they don’t need to do anything or pay anybody to sign up f…

SHARE

by Michael Mashburn
Business
Scam Alert: Phishing Text Messages On Rise, New Report Says Scam Alert: Phishing Text Messages On Rise, New Report Says
Scam Alert: Phishing Text Messages On Rise, New Report Says Cybersecurity experts have reported an increase in phishing scam text messages, according to a new report from CNET. Josh Yavor, the chief information security officer at cybersecurity company Tessian, told the news outlet he has seen a recent increase in scammers using text messages for phishing, where they attempt to steal peoples' personal information by pretending to be reputable organizations. CNET also said a report from enterprise security company Proofpoint found that incidents SMS phishing increased by 24 percent in the United States last year. The Federal Trade Commission reporte…

SHARE

by Nicole Valinote
News
COVID-19: Feds Aim To Stop Deceptive Marketing Of Tea Product Advertised As Virus Treatment COVID-19: Feds Aim To Stop Deceptive Marketing Of Tea Product Advertised As Virus Treatment
Covid-19: Feds Aim To Stop Deceptive Marketing Of Tea Product Advertised As Virus Treatment Federal officials are seeking civil penalties after a tea company allegedly advertised that its product could prevent or treat COVID-19. B4B Earth Tea LLC, B4B Corp., and Andrew Martin Sinclair are accused of violating the COVID-19 Consumer Protection Act, the Federal Trade Commission Act, and the Federal Food, Drug, and Cosmetic Act, according to an announcement on Thursday, March 3, from the United States Attorney’s Office for the Eastern District of New York. The defendants reportedly advertised that the herbal tea product, Earth Tea, could prevent or treat COVID-19, according to a crimi…

SHARE

by Nicole Valinote