how scams work
Which Scams Are Most Common?
Con artists are crafty. They constantly come up with new ways to make money off other people’s misery. According to the FTC, what type of scam is most common?
- Identity theft
- Medicare fraud
- Home improvement scams
“A” is correct. More than 180,000 people filled out FTC complaints about identity theft last year, making it the most common type of consumer fraud. This issue is so prevalent that CCCS has developed an online course just to deal with it. Click here to learn how to identify, avoid, and manage ID theft. The FTC ranks these four scam areas as the next most common: Debt collection; prizes, sweepstakes and lotteries; shop-at-home and catalogue sales; and bank and lending schemes.