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Not only will scammers try to steal your money during this high-traffic consumer holiday, but they also can leave you broken-hearted.

Online romance may begin with Panic! At The Disco’s  High Hopes, but according to a new FTC Data Spotlight, all too often it ends with the conclusion that – to quote the J. Geils Band – Love Stinks. Far be it from us to put a damper on Valentine’s Day, but reports to the Consumer Sentinel Network suggest that the injury inflicted by romance scams is on the rise. According to the new Data Spotlight, “For three years running, people have reported losing more money on romance scams than on any other fraud type identified in Sentinel. In 2020, reported losses to ...

New tools to fight gift card scams Written by Cristina Miranda Division of Consumer and Business Education, FTC This holiday season (and year-round), gift cards are on scammers’ wish lists. Scammers always have a reason for you to pay them immediately with a gift card. And they often tell you which card to buy and which store to visit. That’s why the FTC is launching a new Stop Gift Card Scams campaign to work with stores and law enforcement to fight these scams. And it’s also why the FTC has taken another look at reporting data to see what’s happening lately.

There’s a standard movie trope of a group stranded in the desert. Parched and burned, their spirits soar when they see an oasis on the horizon. With their last ounce of energy, they crawl toward the lush palms and beckoning pool. But as they dip their hands in the water, they realize it was just a mirage. For consumers looking to supplement their income and gain financial independence, promoters’ promises may seem like that oasis on the horizon. But in many cases, those money-making promises are an illusion. That’s the theme of Operation Income Illusion – a just-announced crackdown b...