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Veteran Scams
Special to Devils Lake Journal
Fraud cost veterans, service members and their families more than $338 million in the five years ending in 2019, according to Federal Trade Commission data. The average loss for military scam victims was nearly triple that for the population at large.
Targeting veterans takes many forms. The goal is often to manipulate or gain access to benefits the government provides to those who served.
For example, veterans are told they qualify for money from “secret” government programs, but must first pay a fee or provide personal information.
Be wary of offers for upfront cash in exchange for future disability or pension payments. The policies typically are worth only a fraction of the stated value of the benefit.
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