Scams

Don’t Fall for Pandemic Cons

Scammers are stealing money with phishing schemes, fake remedies and inflated prices on products that are in demand.

Beware of e-mail messages that claim to come from medical or health care organizations, especially if they include attachments that supposedly provide pertinent information about the coronavirus. Cybercriminals are using these bogus e-mails to trick individuals into downloading malware onto their computers that can be used to steal personal information, the U.S. Secret Service says. Also watch out for:

Non-delivery scams. Avoid paying up-front payments or deposits for high-demand items, such as hand sanitizers or face masks. Some crooks, posing as medical supply com­panies, take the money and run, the Secret Service says. Some businesses that actually stock the products are selling them at exorbitant prices. In states where the governor has declared an emergency because of the coronavirus, such price gouging may be illegal.

Fake cures. There are currently no approved drugs or vaccines available to treat the coronavirus, but that hasn’t stopped hucksters from promoting teas, essential oils and minerals as miracle cures for the disease. In early March, the Federal Trade Commission and the Food and Drug Administration issued warning letters to seven sellers of such products, noting that the companies have no evidence to back up their claims.

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
The 12 Best Tech Stocks to Buy for 2022
tech stocks

The 12 Best Tech Stocks to Buy for 2022

The best tech-sector picks for the year to come include plays on some of the most exciting emergent technologies, as well as several old-guard mega-ca…
January 3, 2022
How to Know When You Can Retire
retirement

How to Know When You Can Retire

You’ve scrimped and saved, but are you really ready to retire? Here are some helpful calculations that could help you decide whether you can actually …
January 5, 2022

Recommended

Time to Press the Money ‘Pause Button’ after the Holidays
spending

Time to Press the Money ‘Pause Button’ after the Holidays

If you overspent on the holidays, and spoiled your kids in the process, now’s the time to make some changes.
January 20, 2022
How to Just Say No to Binge Spending
Smart Buying

How to Just Say No to Binge Spending

Don’t let emotions steer you into buying things you don’t need or can’t afford. Know the warning signs and follow these tips.
January 14, 2022
Is Budgeting Overrated?
Budgeting

Is Budgeting Overrated?

Take it from a financial planner, not everyone needs a budget. In fact, sometimes a budget can distract you from the real solutions to your financial …
January 6, 2022
Scammers Target Last-minute Shoppers
Scams

Scammers Target Last-minute Shoppers

Products may be in short supply, but potential thieves are not. Be “scam smart” to keep your holiday happy.
December 14, 2021