Tim Larsen, AP
In the wake of Hurricane Sandy, the Federal Trade Commission is warning storm victims to be on the lookout against potential scams that could ruin their lives even more, according to Time.
“It’s no secret that fraudsters follow the money, attracted by the demand for repairs and the availability of funds,” the FTC warns on its site.
The disorder and confusion that take place after a natural disaster offer the perfect opportunity for scammers to exploit victims.
Fake loans and poor repair jobs on cars and appliances are just some of the offers scammers give to lure their next victims.
The scams that will most likely be used in relation to Sandy are home-improvement scams, where contractors take pay without finishing the job, and charitable donation scams, where most or all the proceeds go to administrative fees.
To best deter these schemes, the FTC recommends that storm victims read all paperwork before signing and looking up reviews of charitable organizations through the Better Business Bureau.
Used-car buyers nationwide may also want to be on the lookout for flood damage in potential buys. Be suspicious of silt residue or a muddy smell, which are good indicators of flooded cars. The FTC advises that car buyers run a title search to check previous owners’ addresses.
- The few, the proudly employed, the coding...
- FCC approves 'net neutrality' rules for...
- Want to land your dream job? 4 must-do things
- Taylor Cotterell: Time for a job change?...
- LDS author analyzes benefits of inexperience...
- Defying GOP, Obama vetoes Keystone XL...
- Monarchs say Fairpark deal is dead, team...
- Salt Lake City to begin economic action plan...
- Defying GOP, Obama vetoes Keystone XL... 51
- FCC approves 'net neutrality' rules for... 14
- The few, the proudly employed, the... 7
- Disney hikes ticket prices at US theme... 2
- About 2,000 rally against right-to-work... 2
- Death toll from General Motors ignition... 1
- Steady US home price gain reflects low... 1
- US Sen. Rubio: Education must get... 1