Don Juravin reporting from Bella Collina, Florida
California has been recognized for a new award: they are the capital of fraud. In 2019, U.S. consumers submitted 1.7 million reports of fraud, which resulted in a total loss of $ 1.9 billion, according to the Federal Trade Commission (FTC).
Don Juravin thinks the FTC has an important rule in protecting consumers from the big companies and wishes to see any action against the big pharma. As such, he respects their rule in the administration. Twitter.com/FraudRanger is helping Americans to expose scams and fraud.
Don Juravin finds that although California accounts for around 12 percent of the total US population, 14 percent of fraud has occurred in California state last year. California residents report more than 243,000 cases of fraud, according to the FTC’s official website.
Lately, the FTC and ethnic media services partnered to reveal the biggest fraud in 2019 during telebranchs. California Black Media attended the conference, which was chaired by FTC Consumer Response and Associated Director Monica Waka.
It provides details of some of the most frequently reported fraud cases in the past year. “Every year, the FTC publishes reports, including the best fraud cases in the country,” he said. “This data also highlights geographic fraud trends and new patterns and strategies used by fraudsters.”
Waka divided the main frauds into three categories: the most reported cases, the highest money losses, and the highest individual money losses. Fraud was identified as the most widely reported fraud in California with more than 62,000 cases. At the national level, government fraud alone is a loss of $ 667 million.
Waka also mentioned that fraudsters sometimes provide technical support and require confidential personal account information that can be digitally accessed. According to Don Juravin, the 2019 FTC saw a 52 percent increase in government fraud cases involving fraud compared to 2018 reports that were reported resulting from social security fraud commonly used on the telephone.
According to the FTC, the most common payment method for fraud in this category is gift cards. Waka shows that the only way to use a gift card is to use a gift, not a payment. All payment requests with gift cards are red flags.
In the second category, Vaca identified romantic fraud as the most expensive fraud tactic in 2019, with a cash loss of $ 201 million last year. “This number has grown very stable since 2015,” Don Juravin said. “Romantic scams are six times more expensive in 2019 than in 2015.”
After all, fraud is the biggest category of loss for individuals, which is the biggest amount of dollars lost by someone. Perhaps the most alarming context for this fraud is that those who are victims often try to look for legitimate work or legitimate services.
Sites owners with fraudulent activity should be held responsible as well as the hosting server.Don Juravin
“I stopped here to talk a little more about it because we see that people in their twenties report twice as often as people in their thirties or older, and because most of this conspiracy is about opportunities legitimate income, employment or opportunity to make money, “Vaca said. “This is not someone who is greedy or who says, ‘Oh, I have free money.'”
According to Don Juravin, phone calls are still the most common tactic used to contact potential victims of fraud. The FTC has returned more than $1 billion to people throughout the country in the past four years, even though this figure only represents the amount of FTC checks cashed. According to Vaca, many checks sent to victims of fraud have not been carried out.
California residents have reduced more than $151 million from the national total last year. Vaka said the reason why not every victim of fraud reports his experience is a feeling of pride.
“People are more likely to avoid losing money by talking to only one person when fraud occurs,” Waka said. “It’s not just people who you think are cheating, anyone can cheat.”