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Consumer Fraud

Helping to build ethnic media’s capacity to report on scams in their communities.

Consumer Fraud

Scammers Took Consumers for $8.8 Billion in 2022

Peter White -
$3.8 billion in investment scams and $2.6 billion in impersonator scams topped the list. Most money lost through bank transfers and crypto currencies.
News Exchange

‘Serial Filers’ — SF Businesses Still Vulnerable to Fraudulent ADA Lawsuits

Selen Ozturk -
Business owners in San Francisco say they remain vulnerable to fraudulent ADA lawsuits which have targeted more than 35,000 businesses statewide.
Consumer Fraud

As Louisville Becomes More Diverse, So Do the Scams

Khalil Abdullah -
At a recent forum, community leaders in Louisville shared their experience with the growing number and variety of scams impacting residents.
Consumer Fraud

FTC Battles Highway Robbery in Indian Country

Mark Hedin -
Scam artists racked up at least $6.1 billion in ripoffs last year, many targeting Native American communities. Experts say the actual figure is likely far higher.
Consumer Fraud

Over $1 Billion Lost in Cryptocurrency Scams Since 2021

Jenny Manrique -
For many Americans, the promise of hefty returns draws them into cryptocurrency scams that the FTC says have grown into a $1 billion industry.
Consumer Fraud

‘They Break Up Families’ — Crypto Scam Leaves Lasting Scars for Atlanta’s Korean Community

Peter Schurmann -
Reporting by Atlanta's Korean media show losses totaling $10 million with alleged victims in the hundreds. One woman is now looking for justice.
Consumer Fraud

Exodus Lending: An Escape Route for Victims of Predatory Loans

Khalil Abdullah -
Recurring utility bills, rising rents, and now the specter of inflation, often make the easy availability of payday loans too enticing to forgo.
Consumer Fraud

FTC to Minnesotans: Everyone Has a Scam Story — Now’s the Time to Tell It

Khalil Abdullah -
The scale of consumer fraud in the United States is staggering, topping $5.8 billion in 2021, much of it impacting communities of color.
Housing

CA Bill Seeks to End 300-Year-Old Foreclosure Practice, Keeping Billions in Communities

Peter Schurmann -
The bill would amend California’s foreclosure process to ensure homeowners retain their equity, addressing a key driver of the racial wealth gap.
Consumer Fraud

Car Buyers of Color Especially Vulnerable to Fraud, Reports Federal Trade Commission

Ethnic Media Services -
Last year, The Federal Trade Commission received more than 100,000 complaints from consumers who had been duped by fraudulent sales people.
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