US coronavirus fraud losses near US$100 million as COVID-19 scams double

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LOS ANGELES: US losses from coronavirus-related fraud and identity theft have reached nearly US$100 million since the pandemic emerged in March, ...

LOS ANGELES: US losses from coronavirus-related fraud and identity theft have reached nearly US$100 million since the pandemic emerged in March, while complaints of COVID-19 scams have at least doubled in most states, a consumer protection group said on Tuesday .

Together they accounted for about a third of more than 150,000 instances of COVID-related fraud reported nationally by the Federal Trade Commission from mid-March, when the World Health Organization declared a global pandemic, through July, the report showed.AdvertisementEven relatively small states saw huge spikes in COVID-related fraud in recent months, led by Maine, whose monthly complaints of coronavirus scams and identity theft quadrupled between March and July, the study said.

 

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