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12/15/2020
Joining forces to stop income scams
FTC
Today, the FTC joined forces with numerous federal, state, and local government partners in Operation Income Illusion, an effort to fight income scams and help people recognize and avoid them. With record unemployment and the ongoing financial impact of the pandemic, many people are looking to make ends meet — and scammers are pitching income scams with false promises of success and financial security.
In a typical pitch, scammers will say that you can make a lot of money, for example, working from home with little time and effort, or starting your own online business. But those promises of big money are all an income illusion. In fact, in the first nine months of 2020 alone, people reported to the FTC that they lost at least $150 million. The total amount of alleged injury for the FTC cases announced today is over $1 billion. Income scams hit people hard.
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