FTC Announces Spike in Coronavirus Fraud, Suit Against Bogus SBA Lender

The FTC announced that its coronavirus-related fraud complaints have doubled in the last week to 7,800.

The top categories of coronavirus-related fraud complaints include travel and vacation related reports about cancellations and refunds, reports about problems with online shopping, mobile texting scams, and government and business imposter scams. In fraud complaints that mentioned the coronavirus, consumers reported losing a total of $4.77 million, with a reported median loss of $598.

ftc fraud

In related news, the FTC filed an action against a Rhode Island company soliciting loan applications by falsely claiming to be representing the SBA.

screenshot-sba-loan-program-website

2 thoughts on “FTC Announces Spike in Coronavirus Fraud, Suit Against Bogus SBA Lender

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