Answer: cheater scam
Ask:
Why do you think scammer scams have grown so fast in recent years? What are warning signs that something may be a scam? What are ways you can check if someone is who they say they are?
Here are the ready-made slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Consumer Sentinel Network):
“In 2021, the Consumer Sentinel Network received more than 5.7 million reports, an increase from 2020.
Fraud: 2.8 million (49% of all reports) Identity theft: 1.4 million (25%) Other: 1.5 million (27%)
In 2021, people made more reports of identity theft (25.0% of all reports), in all its various forms, than any other type of complaint. Imposter Scams, a subset of fraud reports, followed with 984,756 reports from consumers in 2021 (17.2% of all reports). Credit bureaus, information providers and report users (10.3% of all reports) rounded out the top three reports to Sentinel.”
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Learn more about this topic by completing the NGPF On-Demand: Pitfalls for Beginner Investors
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About the author
Mason Butts
After graduating from UCLA with a Masters in Education, Mason spent 5 years as a science teacher at a public high school in South Los Angeles. He is committed to supporting the holistic growth of all students and enabling them to live lives of relational, academic and financial success. Now based in the Bay Area, Mason enjoys facilitating professional development and partnering with educators to prepare students for a bright financial future. When Mason isn’t creating a curriculum or planning a workout, he can ride a bike, try new foods, and explore the great outdoors.
This post QoD: What was the biggest fraud of 2020 according to the FTC?
was original published at “https://www.ngpf.org/blog/question-of-the-day/question-of-the-day-according-to-the-federal-trade-commission-what-was-the-top-fraud-of-2020/”
