For two years, I’ve been shopping for a new red coat. Challenging and time consuming, including returning one I ordered online that didn’t fit, I finally bought an O.K. purple one. Then, I saw a brown plaid Pendleton coat advertised on Facebook for $50. Wow, I thought, that’s a great price. So, I ordered it although it isn’t a color that I like at all.
More than two thirds of online shopping scams begin on the social media platforms Instagram and Facebook, according to an analysis by the Lloyds Banking Group. Fraudsters are preying on shoppers in search of a deal. They’re creating fake business pages, social media ads, and online stores.
An “investment opportunity” extremely popular on the social media platform WeChat stole millions from the Chinese community in the United States. Social media posts urged people to “invest” in various household goods and electronics, promising returns of 20-40 percent in one to three months. But it was really a scam.
Paying off student loans is a big job, especially since it usually takes most people years to achieve it. Consumers need to beware of debt relief companies that promise quick loan forgiveness. Scammers claim they’ll help you, for a fee, but their schemes often leave you deeper in debt. The FTC has stopped two student loan debt relief schemes.
Today I received an email saying that my Social Security number was going to be suspended. Scam. Ironically, it was “signed” by Texas Attorney General Ken Paxton. I wonder if he was chosen for the scam because he’s a Tea Party conservative from Texas who people may think would come after them in other states.
