Consumer Fraud

Consumer fraud can make you lose a lot of your money. Find out the different types of consumer fraud to stay safe.

Consumer Fraud

What Is A Consumer Fraud?

Consumer fraud is generally defined as fraudulent business practices that make consumers experience personal or financial losses. The targets are made to think that they are taking part in a valid and legal business activity when they are actually being swindled.

Reporting consumer fraud online aims to stop inaccurate claims or false promises made to consumers, as well as activities that directly rob consumers of their money.

What Are the Types of Consumer Fraud?

Consumer fraud can take many different forms. Examples of consumer fraud that are commonly investigated and prosecuted by state and federal regulatory bodies include – investigated and prosecuted by state and federal regulatory bodies include – personal information.

1. Identity Theft

Identity theft is when a scammer steals your personal information such as your bank account number, credit card details, and Social Security number through data mining.

2. Advance Fee Scam

An advance-fee scam, also known as an upfront fee scam, is any fraud that, in return for a fee,

  • Claims to send you products, services, or money,
  • Provides you the opportunity to take part in an exclusive deal.
3. Phishing

Scammers send you a pop-up message or email to steal your personal or financial information.

4. Debit or Credit Card Fraud

Debit or credit card fraud happens when someone finds or steals your card or manages to get information from the card to withdraw cash, buy goods, or use the card fraudulently.

Are you a victim of consumer fraud?

File a complaint now!