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08/12/2020

Americans, who have lost $100 million to fraud related to Covid-19, continue to be a target

CNBC

Americans should be wary of fraud as Washington lawmakers debate the contours of another round of potential financial relief, according to an alert issued Tuesday by the Federal Trade Commission.

Consumers should be cautious of solicitations asking them to pay for access to certain financial assistance, like stimulus checks and job opportunities, according to the federal agency. Fraudsters may also seek upfront payment for mortgage help, it warned.

Americans have lost about $106 million to fraud related to Covid-19 this year, according to the FTC. Some of that fraud was connected to prior round of coronavirus relief efforts.

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