Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
The Commodity Futures Trading Commission (CFTC) has partnered with several federal and private organizations, including the SEC's Investor Education Office, FINRA, and NASAA, to combat relationship investment scams and pig butchering scams. These scams often start with a text message and build trust over time, targeting individuals' savings. The initiative aims to educate consumers and empower law enforcement to prosecute fraudsters. Senators, including Katie Britt and Tim Scott, have voiced their support for increased education and legislative measures to protect citizens, especially the elderly, from financial fraud. The FBI also warns about scammers posing as potential romantic partners to lure victims into cryptocurrency investments. Additionally, the effort addresses human trafficking perpetrated by organized crime networks overseas. Zach Nunn is leading new legislation to support law enforcement investigations.
I'm tired of the never-ending emails and phone calls from fraudsters, and I know that folks across our state are, too. I'm pressing experts for answers on how our seniors, veterans, small businesses, and consumers can stay ahead of scams and protect their hard-earned money: https://t.co/hIgS5nsD0I
For any Alabamian who has been victimized by a financial scam: You are not alone. And we need you to report it. We all need to educate ourselves to guard against these scams. Scammers are getting smarter and craftier. We need to, too. https://t.co/K1wIMz2wKb
Education is one of the best solutions we have to combat financial fraud. I will continue to work to ensure South Carolinians have access to the financial literacy tools they need to protect themselves from financial fraud and scams. https://t.co/2glRjEJTiM