Mostly Cloudy 82°
Tag:

Federal Trade Commission

News
'FTC Worker' Scams Long Island Victim Out Of $390K In Gold Bars, Police Say 'FTC Worker' Scams Long Island Victim Out Of $390K In Gold Bars, Police Say
'FTC Worker' Scams Long Island Victim Out Of $390K In Gold Bars, Police Say A scammer posing as a government employee conned a Long Island victim out of hundreds of thousands of dollars, police allege. Nassau County Police arrested Yash Shah, age 25, of Baldwin, on suspicion of grand larceny on Tuesday, July 16. According to detectives, in early June 2023 a 73-year-old New Hyde Park man received a notification on his computer telling him that his device had been compromised and that he needed to contact the phone number shown. When the victim called the number, someone claiming to work for the Federal Trade Commission instructed him to buy six gold bars totaling n…

SHARE

by Michael Mashburn
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