@FTC Consumers lost more than $8.8 billion last year, primarily in investment scams - $3.8 billion - with most in cryptocurrency. #cryptocurrencies#Crypto Most of the crypto frauds started out on social media
@FTC Losses to imposter fraud dramatically rose last year. $496 million was lost in romance scams. Government imposters bilked victims at a rate of $1500 each...
@FTC Sweepstakes and lotteries are a big source of scams, as well as imposters posing as Amazon representatives. @FTC Job opportunity scams are also on the rise.
Bank transfers accounted for $1.5 billion in losses. Cryptocurrency accounted for $1.4 billion. Online shopping scams, tech support and investor scams bilked the most dollars out of victims
On romance scams, the imposter always makes up some excuse as to why he can't see you in person. "This should raise a red flag," says Maria Mayo of the @FTC#romancescam@AraceliMartinez
For the Latino community, scams were higher for bank and small business scams, money-making schemes. For the Black community, it was pay day loan applications and student debt @FTC#scams
"Scammers are targeting all communities and they speak your language," says Rosario Mendez of the @FTC
Most robocalls are scammers, says the @FTC If the robocall is trying to sell you something, that is illegal. #robocalls Do not engage. Do not push one. Do your own investigation, says Rosario Mendez of the @FTC
Do not pay with wire transfers, gift cards, or cryptocurrency. Credit cards have some level of protection @FTC
@IRSnews The IRS collects more than $4.1 trillion, says Kevin Morehead, Deputy Commissioner, Wage and Investment Division, IRS. We've already received 19 million returns and processed 16 million. Refunds are 10 % lower than last year, he says.
The IRS has hired 5,000 more workers. Much of filing work can be done online at irs.gov@IRSnews Choose direct deposit and file online, suggests Kevin Morehead of the IRS
"Seniors are being attacked," says @HelenZiaReal "So many of our elders are still working and so vulnerable," she said, referring to mass shootings at places of work.
"How do we make invisible people visible? We talk to them, we ask them. I asked my mother a question, and as she told me her story, she became lighter," says Helen Zia @HelenZiaReal@invisiblepeople
There has been incredible devastation, says Diana Crofts-Pelayo, noting that 21 people have died. But there are lots of rapid resources, she says. Gov. Newsom has dedicated rapid resources for 9 counties. @Cal_OES@dianaisabeau@CaliforniaBlac2@ListosCA
Partnering with FEMA is a model that can be used going forward, says Diana Crofts-Pelayo. "It's not if the next disaster happens, it's when." @Cal_OES@dianaisabeau@CaliforniaBlac2@ListosCA
Speakers include: Dr. Wendy Edelberg, Director of The Hamilton Project and a Senior Fellow in Economic Studies at the Brookings Institution. Former Chief Economist at the Congressional Budget Office.@hamiltonproj@WendyEdelberg
Dr. George Fenton, Senior Policy Analyst at the Center for Budget and Policy Priorities
Dr. Rakeen Mabud, Groundwork Collaborative Chief Economist and Managing Director of Policy Research.