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The Federal Trade Commission issued a warning about scams targeting current and former military personnel.
Since 2019, veterans and military retirees have filed 295,993 fraud reports with the Federal Trade Commission with 25 percent of them reporting losses totaling $842 million. The top scams include business imposters, government imposters, online shopping, tech support scams, and sweepstakes/prizes. “It’s a pretty big problem,” said Carol Kando-Pineda, Counsel in the Federal Trade Commission’s Division of Consumer and Business Education.“I think there certainly are scammers posing as VA, Social Security even as the Federal Trade Commission,” said Kando-Pineda. “Many scammers say they’re with the FTC and that you got money back but you need to pay taxes.
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