- The top consumer problem reported to the FTC by people living in majority Latino communities is impersonator scams. This scam happens when someone pretends to be someone they’re not — like a representative from the government or a well-known business — and tries to get you to pay them money or give them sensitive information.
- Bogus business opportunities and job scams are a problem. People living in majority Latino communities filed a higher share of reports to the FTC about business opportunities and job scams than people living in majority Black or White communities.
- Latinos report paying scammers with payment methods that have little or no fraud protections. And they’re not alone. Reports to the FTC from majority Black and Latino communities show that people are more likely to pay scammers in ways that have few, if any, fraud protections ― so: cash, cryptocurrency, money orders, and debit cards. People living in majority Latino communities also reported paying scammers with bank transfers, bank payments, and wire transfers.
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