Scams

Beware Crooked Contact Tracers

If someone claiming to be a contact tracer asks you for money or requests your Social Security number, that’s a red flag.

As the COVID-19 pandemic spreads to communities throughout the U.S., the epidemic of coronavirus-related fraud continues unabated. What to watch out for:

Bogus contact tracers. Contact tracers, who are employed by state health departments, are an important tool in controlling the spread of COVID-19. Legitimate tracers may contact you via phone, e-mail, text or in person to find out names of people you’ve been in contact with and places you’ve visited. But if someone claiming to be a contact tracer asks you for money, or requests your Social Security number or financial information, the individual is a con artist, the Federal Trade Commission says.

Fraudulent contact tracers are also lurking online, says the FTC. Don’t click on a link or download a file sent by someone purporting to be a tracer. Legitimate contact tracers will never ask you to download anything.

Miracle cures. The FTC recently charged a California-based company with promoting dietary supplements as a cure for COVID-19. The company, Golden Sunrise Nutraceutical, falsely claimed that its supplements had been designated safe and effective by the Food and Drug Administration and would eliminate symptoms in three to five days.

The FTC says more than 250 companies have received warning letters from the agency about questionable COVID-19 claims. According to the Centers for Disease Control and Prevention, there is no antiviral cure for the disease.

Most Popular

Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs
Coronavirus and Your Money

Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs

People have lots of questions about the new $3,000 or $3,600 child tax credit and the advance payments that the IRS will send to most families in 2021…
May 17, 2021
Thinking of Buying an RV or Motor Home? Think Again!
personal finance

Thinking of Buying an RV or Motor Home? Think Again!

A Lemon Law attorney has some insights on the downsides of RV ownership you should think about before putting your money down and hitting the road.
May 16, 2021
2021 Child Tax Credit Calculator
Tax Breaks

2021 Child Tax Credit Calculator

See how much money you'll get in advance under the new child tax credit rules for 2021. Payments will start July 15.
May 17, 2021

Recommended

Estate-Planning Your Stuff with T. Eric Reich
Empty Nesters

Estate-Planning Your Stuff with T. Eric Reich

What to do with the house, the vacation house and the china? We talk with a financial adviser who's got some wise counsel. Also, who makes up the so-c…
May 2, 2021
What You Need to Know about College 529 Savings Plans
529 Plans

What You Need to Know about College 529 Savings Plans

Do you know how much you’re able to contribute or what the funds could be used to pay for? How about how contributing affects your taxes? Check out th…
April 14, 2021
37 Ways to Earn Extra Cash in 2021
business

37 Ways to Earn Extra Cash in 2021

We flag a wide variety of cool side hustles to earn bonus bucks to cover expenses expected and unexpected as we begin to emerge from the pandemic lock…
April 8, 2021
6 Money-Smart Ways to Spend Your Third Stimulus Check
Coronavirus and Your Money

6 Money-Smart Ways to Spend Your Third Stimulus Check

If you don't have to use your third stimulus check for basic necessities, consider putting the money to work for you. You'll thank yourself later.
March 20, 2021