Minority Communities More Likely To Be Targeted By Scams, Report Says – FOX13 News Memphis

MEMPHIS, Tenn. – This is a trend observed nationally and in the Mid-South. Members of minority communities are more likely to be targets of scams, according to a new report from the Federal Trade Commission.

A spokesperson for the Better Business Bureau of the Mid-South said minority communities file consumer complaints at a much higher rate than white communities, and the COVID pandemic is only making matters worse.

“Even sometimes, when it sounds too good to be true, people will think they’re already in that particular position, so why not give it a try? said Kenneth Lee of Memphis.

To great evils the great means. This is why Lee believes more and more people are falling victim to scams during the pandemic.

“People are looking for a way out or to get away,” he said.

Daniel Irwin of the Mid-South BBB said that since the start of the pandemic there has been a huge increase in reports of scams, especially employment scams and bogus loans.

He said these scammers typically prey on people with low incomes and bad credit, and some target minority groups.

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“Often times we get a phone call from people who have been approached by a scammer specifically for loans, and part of the talk is that they identified this loan specifically for people with bad credit or people in your zip code. , ” he said.

Additionally, Irwin said reports show that minority groups are more likely to lose money in these scams and often have less financial protection.

He said credit cards offer the best protection, but they can be hard to find if you don’t have good credit.

“They have to use prepaid cards; they have to use other things like PayPal and the cash app and some of the money services that you might not have the protections for, ”Irwin said.

When it comes to money, Irwin said do your research and don’t make decisions right away.

Lee said that the old adage “if it’s too good to be true, it probably is” is true.

“If you don’t have to earn it, if it’s too easy, let it go because whatever money you have, whatever situation you find yourself in, you’re about to turn down a little more, ”Lee said.

If you think you’ve been scammed, report it to the BBB or your local police department.

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