What common consumer fraud schemes should I be aware of?

Consumer fraud schemes are scams that are meant to take money or property from an unsuspecting victim. In Florida, some of the most common consumer fraud schemes include identity theft, credit card fraud, and pyramid schemes. Identity theft typically occurs when someone steals another person’s personal information such as Social Security number, bank account numbers, credit card information, and more. With this personal information, the thief can access the victim’s financial accounts and make unauthorized purchases. To avoid this, you should never give out your personal information to someone you don’t know or trust, and be sure to protect your computer with up-to-date anti-virus software. Credit card fraud is another common consumer fraud scheme in Florida. It occurs when someone uses your credit card without your permission to make purchases or withdraw money from your account. To help prevent this type of fraud, make sure you regularly check your credit card and bank accounts for suspicious activities, and always make sure your card is kept in a secure location. Finally, pyramid schemes are also common consumer fraud schemes in Florida. These can happen when someone entices victims to invest in a venture or product by promising them large returns but then ends up pocketing the money instead. To protect yourself against pyramid schemes, always research any investment or product before providing any money or personal information.

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What common consumer fraud schemes should I be aware of?

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