From January to May, Texas consumers reported losing more than $4.3 million to scams, exceeding total losses per year from 2018-2022, says the BBB.
Texans reported losing over $4 million to scams so far this year according to the Better Business Bureau serving the Heart of Texas.residents in the first five months of 2023.
Employment scams are impacting consumers as well, with reports increasing by over 250% across the U.S. compared to the same period last year. The BBB says Texas residents over 65 are more vulnerable to sweepstakes, prize and lottery scams, while others are more vulnerable to employment scams. The BBB also notes that despite low losses and reports from Texans between 18-24, it estimates the impact of unethical business practices on that age group to be substantially higher than what's been reported.What can I do to avoid these scams?
Scammers often use addresses for vacant lots or residential homes and a phone number not in service, says the BBB.Scammers are taking advantage of the current consumer shift to digital services and online marketplaces by creating highly sophisticated lookalike websites, investment dashboards, and employment portals.
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