In recent years, online scams targeting US veterans have surged, costing victims a staggering $292 million in 2022 alone, according to the Federal Trade Commission (FTC). As these scams become more sophisticated, it’s crucial for veterans and their families to stay vigilant and informed. Let’s delve into the tactics deployed by scammers and learn how to spot and avoid falling victim to these fraudulent schemes.
Types of Scams Targeting US Veterans
Manipulating Veteran Benefits
Online fraudsters often target veterans by manipulating or gaining access to government-provided benefits. Veterans are approached with promises of “secret” government programs, but the catch is an upfront fee or the divulging of personal information. Additionally, scammers exploit financial distress, offering immediate cash in exchange for future disability or pension payments, a scheme that has seen the median loss rise to $750.
Impostor Scams: A Prevailing Threat
Impostor scams account for over 40% of fraud losses in the military community. This has quickly become one of the top scams targeting US Veterans. Criminals pose as veterans, representatives of supportive organizations, or even government officials. Fake military charities solicit donations, while phishers impersonate VA officials seeking personal information. Beware of classified ads offering discounts for veterans, job offers for undisclosed federal government posts, and special deals on various products.
Affinity Fraud: Posing as Friends and Allies
Impersonators pose as friends, relatives, or romantic interests, preying on veterans’ sense of responsibility. Affinity fraudsters, pretending to be government employees or charity members, urgently request money or personal information. Be cautious of unsolicited emails, calls, or messages seeking financial assistance and always report suspicious activity.
Phishing Scams: The Web of Deceit
Phishing scams are on the rise, with scammers sending official-looking emails or messages to collect sensitive information. These scams may come from fake government agencies, urging veterans to click on malicious links or download harmful attachments. Always verify the legitimacy of emails and avoid sharing personal information through unsecured channels.
Charging for Free Military Records: A Red Flag
Scammers set up fake websites charging veterans for access to their military records. Remember, accessing basic personnel or medical records is generally free through official channels like the Department of Veterans Affairs or the National Archives. Ensure website security by checking for “https://” and a padlock symbol in the URL bar.
Investment and Pension Frauds: Beware of False Promises
Fraudulent investment schemes target veterans’ benefits and pensions. Scammers promise increased pension payments in exchange for upfront investments, only to disappear with the money. Be skeptical of unsolicited investment offers and remember the golden rule: if it sounds too good to be true, it probably is.
Beware of “Secret” Government Funding Offers
Scammers contact veterans directly, claiming access to “secret” government loans and funding programs. Veterans are enticed to provide personal information, leading to identity theft or loan fraud. Be cautious and verify any such offers through official channels like the Department of Veterans Affairs.
Property Scams: Demanding Security Deposits
Con artists take advantage of veteran discounts, posting fake property ads and demanding security deposits. Verify property listings through secure platforms and avoid wiring money before confirming the legitimacy of the transaction.
Employment and Education Scams: Posing as Veteran-Friendly Entities
Scammers pose as legitimate employers or schools, targeting veterans with enticing job opportunities or educational programs. They request sensitive information or payments for fake training. Always validate the legitimacy of job offers and educational programs before sharing personal details.
PACT Act Scams: Charging for Assistance
Under the PACT Act, scammers exploit veterans by charging fees to help them file claims for expanded benefits and healthcare. Veterans should use official channels, like the VA’s online accreditation search tool, and never pay for assistance when applying for benefits.
Leave a Reply