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Federal Trade Commission FTC Scams 
PYMNTS
SEPTEMBER 22, 2020
More than 200,000 Americans have lost $145 million linked to the COVID-19 pandemic since the start of the year, the Federal Trade Commission (FTC) reported on Tuesday (Sept. The top fraud categories were online shopping, where nearly $44 million was lost, and travel and vacation scams, which totaled $24 million.
102 
PYMNTS
DECEMBER 28, 2020
More than 200,000 Americans were scammed out of $145 million relating to the pandemic since the beginning of 2020, the Federal Trade Commission (FTC) said. .
127 
PYMNTS
DECEMBER 14, 2020
The Federal Trade Commission (FTC) has announced a new operation, Operation Income Illusion, to crack down on fraudsters targeting victims with fake promises of jobs or income, according to a press release. The FTC is working with 19 other federal, state and local law enforcement partners in the effort.
76 
PYMNTS
MARCH 31, 2020
The Federal Trade Commission (FTC) reported in a press release that it has received over 7,800 complaints from consumers all relating to the coronavirus pandemic, twice the number it received just a week ago. The FTC will regularly make the number of coronavirus-related complaints public on its Explore Data page.
70 
PYMNTS
AUGUST 5, 2020
A report by the California-based agency, whose mission is to prevent consumers from being defrauded online by learning the identity of individuals or organizations, revealed the number complaints about coronavirus scams has doubled in most states. million to date, according to the FTC. But the scams are not limited to the giant states.
112 
Payments Source
MAY 20, 2020
First Data Merchant Services LLC and a former executive agreed to pay more than $40 million to settle a claim by the Federal Trade Commission that the company processed payments and laundered credit card transactions for scams targeting hundreds of thousands of consumers.
PYMNTS
AUGUST 11, 2020
Congress has yet to agree on the next round of stimulus funding, but the Federal Trade Commission ( FTC ) is already warning the public to beware. No one will call to ask for your bank account, credit card or Social Security number, the FTC said.
69 
PYMNTS
MAY 21, 2019
Payment company Allied Wallet and its owner, Ahmad Khawaja, as well as two officers, Mohammad Diab and Amy Rountree, have settled with the Federal Trade Commission (FTC) over allegations of knowingly processing fraudulent transactions related to scams, the FTC reported on Tuesday (May 21).
76 
PYMNTS
FEBRUARY 25, 2020
To support scam victims, the Federal Trade Commission (FTC) will start to send refunds of over $1.7 million to consumers who fell victim to a tech support scam, the agency said in a press release. The FTC will start to provide 57,960 refunds with an average of approximately $30 to each of the scam’s victims.
64 
PYMNTS
DECEMBER 3, 2018
The Federal Trade Commission (FTC) warned Monday (Dec. 3) that a new scam is targeting people 70 and older, in which they are being tricked into sending large amounts of cash to people pretending to be their grandchildren. “These scammers are experts at impersonating people they’ve never even met.
55 
PYMNTS
MAY 19, 2020
More than 147,000 consumers who were scammed by I Works are getting full refunds totaling $12 million, the Federal Trade Commission (FTC) announced Monday (May 18). The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010.
71 
PYMNTS
SEPTEMBER 28, 2016
The Federal Trade Commission announced on Tuesday (Sept. monthly fee for credit monitoring the FTC said they never ordered. The Federal Trade Commission announced on Tuesday (Sept. monthly fee for credit monitoring the FTC said they never ordered. com, FreeScoreOnline.com and ScoreSense.com.
64 
PYMNTS
OCTOBER 13, 2016
In one of the latest legal twists on hackers who hold hardware and software and the data held within for ransom, Courthousenews.com reported Thursday that the Federal Trade Commission has sued five firms and three men havuing allegedly acted as masterminds behind a global Internet scam.
66 
PYMNTS
JUNE 9, 2020
A Texas operator of several payment processing centers has agreed to be permanently banned from the industry in order to settle charges by the Federal Trade Commission (FTC) and the state of Ohio that they unlawfully participated in scams, according to a press release. In her ruling , U.S.
52 
PYMNTS
DECEMBER 17, 2020
The “stimulus” scams are already out there, reports NBC News. This scam is a new twist on those we’ve been seeing much of this year.”. Stimulus scams have been running all year , as have COVID-connected attempts to heist consumers’ funds. The FTC marked $201.26 PIRG Education Fund, told CNBC. “We
84 
PYMNTS
MARCH 2, 2020
In response to fraud from the American Immigration Center, the Federal Trade Commission (FTC) is sending out refunds for those defrauded, according to a press release. The FTC will issue 4,976 refund checks and 44,136 PayPal payments to victims, totaling over $2 million to help make them whole. There was also a $2.2
66 
PYMNTS
JANUARY 18, 2021
This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 19 million in shipping scams hit Amazon , according to U.S. 250,000 in loan offerings are appearing in a new COVID-19 scam targeting small businesses , the U.S.
87 
FICO
JULY 7, 2020
COVID-19 scams are on the rise. In a recent webinar I hosted, we learned that 31% of participants had received a communication that looks like a COVID-19 scam in the past 30 days. This can also take shape as a romance scam, where the criminal creates an enticing fake profile and builds a relationship with their unsuspecting victim.
97 
PYMNTS
FEBRUARY 20, 2020
The Federal Trade Commission (FTC) has sent $34 million to victims of a scheme by Office Depot and a separate software provider that encouraged them to buy unnecessary computer repair products, according to a report. The FTC is distributing 541,247 checks at $63.35
56 
PYMNTS
JULY 1, 2020
While online purchasing has skyrocketed since March as the country shut down as a defense against COVID-19, so have complaints to the federal watchdog agency responsible for regulating eCommerce. The most common missing items included face masks, sanitizer, toilet paper, thermometers and gloves, the FTC said.
62 
PYMNTS
APRIL 30, 2020
Bitcoin blackmail scams are on the rise , according to the Federal Trade Commission (FTC). The scams are usually centered around emails claiming to have recorded the user visiting an adult website. The FTC’s advice when one receives those messages is blunt: “Stop. It’s a scam.”.
56 
PYMNTS
JULY 21, 2020
The Federal Trade Commission (FTC) testified before the Senate Commerce Subcommittee on Manufacturing, Trade and Consumer Protection on Tuesday (July 21), detailing its efforts to combat coronavirus-related fraud, including sending warning letters and trying to educate customers on how to spot a scam, according to a press release.
56 
PYMNTS
NOVEMBER 18, 2020
The Federal Trade Commission (FTC) has alleged that the mobile banking app Beam Financial has misled customers about quick transfers of funds, a press release says, with some customers receiving funds late or not at all. Some, the release says, never received their money at all.
64 
PYMNTS
MARCH 7, 2018
The Federal Trade Commission (FTC) has announced that new Medicare cards will be mailed out starting next month. The FTC is requesting that once the new cards are received, the old ones should be shredded immediately. But as the new Medicare cards start being mailed, there might be an uptick in related scams.
49 
PYMNTS
FEBRUARY 11, 2019
The Federal Trade Commission said it will send refund checks to people who were victims of a tech support scam. FTC, as part of the settlement, will mail checks that average around $380, and totalling $26,000, to about 70 people. Sometimes, the alleged bad guys would install malware.
50 
PYMNTS
SEPTEMBER 28, 2020
Morgan Chase is stepping up its payment fraud protection services for small- to medium-sized businesses (SMBs) to help them combat scam and fraud attempts, Reuters reported. Since August, PYMNTS reported , the Federal Trade Commission (FTC) has tracked 184,000 cases related to the pandemic.
PYMNTS
MAY 19, 2020
million to settle allegations that they laundered credit card transactions for scams targeting hundreds of thousands of consumers, the Federal Trade Commission (FTC) said on Tuesday (May 19). The FTC said it will use the money to provide refunds to consumers allegedly harmed in the case.
66 
PYMNTS
FEBRUARY 12, 2019
The Federal Trade Commission released a warning on Tuesday (Feb. 12) about potential “romance scams,” which cost victims a collective $143 million last year. The FTC said these particular types of scams cost people more than any other type of swindling, and that they’re expected to become more common.
PYMNTS
DECEMBER 5, 2017
The Federal Trade Commission announced Monday (Dec. 4) it filed a complaint in a federal district court in Orlando to stop a credit card interest rate reduction scam. In a press release , the FTC alleges that the scam deceived a number of consumers who were already struggling with credit card debt.
40 
PYMNTS
MARCH 2, 2018
But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. Overall, the FTC is seeing that consumers are losing more money due to fraud in 2017 than 2016.
55 
PYMNTS
OCTOBER 1, 2019
A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. And millennials are 93 percent more likely than people over 40 to report losing money to fake check scams, which often look like a way to earn money.
59 
PYMNTS
JULY 27, 2016
Victims of an illegal credit card billing scam have started receiving checks from the Federal Trade Commission. The FTC said it has begun mailing checks, amounting to $9.7 million, to the 321,982 consumers that were victims of the scam by J.K. All of the illegal actions date back to 1998, the FTC noted.
41 
PYMNTS
JUNE 22, 2020
The Federal Trade Commission ( FTC ) is sending out over $8.7 Triangle, along with other defendants in the FTC’s case, was marketing items online, such as skin creams, electronic cigarettes, and dietary supplements, according to the release. That money will be used for the refunds, the press release states.
59 
PYMNTS
JULY 7, 2020
Americans have lost more than $77 million in COVID-19 fraud since the start of the year, according to the Federal Trade Commission (FTC). But that number misses an unprecedented scope of scams connected to the coronavirus, according to John Breyault , a spokesman for the National Consumers League , the Washington, D.C.-based
PYMNTS
MAY 15, 2017
Merchants that accept checks or online payments are being warned about a scam that could cost them time and money. In one scheme, they’re telling people to use the routing number of the Federal Reserve Bank of Atlanta (0610-0014-6) to make both check and electronic payments through the Automated Clearinghouse (ACH) Network.
41 
The Paypers
JANUARY 11, 2022
The US Federal Trade Commission (FTC) has issued an alert about a new type of crypto scam, involving fraudsters asking people to pay with cryptocurrency.
PYMNTS
DECEMBER 16, 2020
More than $134 million was lost to such scams in 2019, according to the Federal Trade Commission (FTC), while $117 million was lost to them during the first half of 2020 alone. Victims reported that Facebook and Instagram were the most common avenues for these schemes.
124 
PYMNTS
OCTOBER 2, 2020
The Straits Times , a Singapore newspaper, reported that police have received about 11 reports of purchase order (PO) scams since August. More than 200,000 Americans have lost $145 million linked to the COVID-19 pandemic since the start of the year, the Federal Trade Commission (FTC) reported last month.
67 
PYMNTS
OCTOBER 17, 2018
A new report from the Federal Trade Commission (FTC) says that fraudsters are increasingly requesting to be paid with gift cards, with some even asking for certain brands such as Google Play and iTunes gift cards. The report adds that the gift cards aren’t just requested during tech support scams.
69 PYMNTS
MARCH 16, 2017
In a Payday Support Center scam, the Federal Trade Commission (FTC) is coming to the rescue by sending out money to the debt victims. Here are the numbers: 561 | Number of checks mailed out by FTC. Financial debt is something that plagues everyone at one point or another in their lifetime.
40 
PYMNTS
JUNE 19, 2018
The Federal Trade Commission (FTC) has announced a new law enforcement initiative targeting operations seeking to defraud small businesses. attorneys’ offices and the Better Business Bureau (BBB), the FTC has released the results of Operation Main Street: Stopping Small Business Scams. Millions of U.S.
43 
PYMNTS
JANUARY 28, 2021
PYMNTS recently reported Federal Trade Commission (FTC) figures finding, “More than 200,000 Americans were scammed out of $145 million relating to the pandemic since the beginning of 2020.” Consumers Getting Wise To Scams. Fortunately, the general population is getting savvier about cyber scams.
PYMNTS
DECEMBER 1, 2016
The Federal Trade Commission shut down a data broker operation that allegedly cheated consumers out of $7.1 2015, the FTC brought charges against Jason A. 2015, the FTC brought charges against Jason A. The FTC claims that the defendants in the case sold applications to Ideal Financial for roughly $0.50
40 
PYMNTS
AUGUST 17, 2020
In this week’s Data Digest, PYMNTS rounds up the latest cases and research into how corporates are being targeted with crimes like the business email compromise (BEC) scam, as well as how they’re fighting back. PYMNTS breaks down the numbers of the latest in B2B fraud below.
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