On Veterans Day, we celebrate our veterans — more than 18 million strong. We thank you for your service and sacrifice. It’s also a good time to arm yourself with some tips to avoid fraud. We know that scammers follow the headlines, and their schemes evolve to take advantage of the things catching our attention now. Knowing what to look for helps all of us steer clear of a con artist.
Thinking of volunteering for a COVID-19 clinical trial? There are thousands of trials underway as companies race to find effective vaccines and treatments for COVID-19. Many of these research studies are legitimate, but some are not. Fake ones may try to steal your money. Never pay to be part of a clinical trial, or to find out about one. Real clinical trials will never ask you to pay them.
Have you gotten robocalls saying you overpaid utility bills? The callers say you’ll get a cash refund and a discount on your future bills. Not so fast. Hang up. This is probably just another utility scam — or, at best, a marketing trick — to get your money. Utility companies don’t usually give cash refunds. Instead, they credit the extra money to your account.
Want to keep one step ahead of the scammers? MilitaryConsumer.gov has helpful information for any stage of life, whether you’re launching your civilian career, enjoying retirement, or still serving in the Armed Forces. Encourage the veterans in your life to sign up for email updates to stay connected. And if you spot a scam, let the FTC know at ReportFraud.ftc.gov.