Social Media – Where Scams Are Born!

Social Media – Where Scams Are Born! By U.S. Federal Trade Commission Social Media: A Golden Goose For Scammers Scammers are hiding in plain sight on social media platforms and reports to the FTC’s Consumer Sentinel Network point to huge profits. One in four people who reported losing money to fraud since 2021 said it started on social media.[1] Reported losses to scams on social media during the same period hit a staggering $2.7 billion, far higher than any other method of contact. And because the vast majority of frauds are Read More ...

Federal Trade Commission Partners with Latin America To Combat Fraud

Federal Trade Commission Partners with Latin American Countries to Combat Fraud By SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc., and the Federal Trade Commission The U.S. Federal Trade Commission Enters Into A Multilateral Agreement Enhances Consumer Protection Cooperation With Chile, Colombia, Mexico, And Peru The Federal Trade Commission signed a cooperation agreement with the consumer protection authorities of the four Latin American countries —Chile, Colombia, Mexico and Peru – to combat fraud both inside and outside the United States. The Multilateral Memorandum of Understanding (MMOU) promotes cooperation across Latin America, including Read More ...

FTC Takes Action Against Unsolicited Communications

FTC Takes Action Against Unsolicited Communications By: SCARS Editorial Team Society of Citizens Against Relationship Scams Inc.; and the United States Federal Trade Commission FTC Joins FCC in Renewing Memorandum of Understanding to Promote Cross-Border Law Enforcement Efforts to Combat Spam, Scams, and Illegal Telemarketing Agencies are partnering with the Unsolicited Communications Enforcement Network The Federal Trade Commission has joined the Federal Communications Commission (FCC) in signing a renewed memorandum of understanding (MOU) between public authorities who are members of the Unsolicited Communications Enforcement Network (UCENet). The MOU aims to promote Read More ...

University of Phoenix Scam

University of Phoenix Scam By United States Federal Trade Commission & SCARS Editorial Team University of Phoenix – FTC Action Leads U.S. Dept. of Education to Forgive Nearly $37 Million in Loans for Students Deceived by University of Phoenix FTC charged that the for-profit University of Phoenix falsely touted relationships and job opportunities with top companies Read More …