Home prices may be falling, but mortgage fraud is not. The Sacramento Bee reports that seven people were found guilty in a mortgage fraud scheme targeting the Latino community. When identifiable groups such as religious or ethnic communities, professionals, and the elderly are preyed upon – this is defined as affinity marketing or affinity fraud.
Every year, millions of Americans fall victim to financial fraud and scams. In 2018, over 1.4 million fraud reports were submitted to the Federal Trade Commission (FTC) with claims of financial losses over $1.48 billion (yes, billion with a “b”). Although the median financial loss was $375, this is only based on reports that were
Are you concerned about the data breach of Marriot’s Starwood properties affecting the hundreds of millions of customers who stayed there between 2014 and 2018? Data breaches are scary—and they’re on the rise! Cyber-criminals are increasingly using sophisticated and cutting-edge technology to steal personal information. If you believe that you may be affected by this
The Holiday season is here! Like millions of Americans, you are probably planning to buy many of your holiday gifts online. The internet has made shopping easy, affordable and convenient – without even having to leave your home (or pajamas). Unfortunately, this has caught the attention of cyber-criminals who are keen to exploit individuals benefiting
A new tactic that imposters and scammers are using is asking for payments with gift cards. a popular way for scammers to steal money from you. That’s because gift cards are like cash: if you buy a gift card and someone uses it, you probably cannot get your money back. Many different kinds of imposters ask
Across the nation, regulators and charity officials are joining together to take part in the first International Charity Fraud Awareness Week. Learn how to make sure your money gets to where it will really make a difference. To check out the FTC’s new video, “Make Your Donations Count” and learn how to find out if
The California Department of Real Estate (DRE) issues a consumer alert about Fraudulent Wire and Electronic Fund Transfers Criminals and scammers are posing as legitimate companies and/or professionals to convince consumers with fraudulent instructions to divert funds electronically (money wires and electronic funds transfers) to the accounts of the criminals, often overseas, resulting in the
A new federal law, the Economic Growth, Regulatory Relief, and Consumer Protection Act, is taking effect on September 21, 2018 – where consumers will no longer be required to pay when freezing and unfreezing their credit or their child’s credit. In addition, a fraud alert will be expanded from 90 days to a year, with
May is Older Americans Month, 2018 May is Older Americans Month, a campaign to raise awareness of vital aging issues across the country. The DBO has valuable information and resources to help alert and educate California’s older adults about investment fraud, unscrupulous sales practices, and financial scams. Check out the links below to learn more.
Hello! As you may have heard, I’ll be leaving my position as director for education and outreach here at DBO, and my last day is coming up on Friday, April 13! Starting Monday, April 16, I will serve as the assistant director of marketing and communications for the California Complete Count Census. My email will