“Consumer fraud is a significant problem in our city, but we believe we can reduce its impact by raising awareness about local issues affecting our community.”
- former District Attorney George Gascón
Consumer fraud comes in many forms, but it broadly refers to acts of deceptive practices that result in financial or other losses to consumers in the course of seemingly legitimate business transactions.
Although certain populations, such as the elderly, are regarded as being most at risk, the truth is that anyone can be targeted by consumer fraud. The dissemination of technology has expanded the reach of fraudsters. Scams have become more prevalent and increasingly sophisticated.
Is this really a problem?
The true scale of consumer fraud in America is unknown, but it is estimated to be in the 10s of billions of dollars a year. Individual consumers can lose anywhere from hundreds to hundreds of thousands of dollars, have their sense of personal security violated, and suffer compromised identities through these scams.
What do I do?
While consumer fraud has disastrous consequences, it can often be prevented through proactive measures taken by the consumer. Being knowledgeable about the common practices of fraudsters and how they operate enables consumers to protect themselves from many commonly used tricks employed by thieves.
Clicking on any of the links below will lead you to useful resources on common scams, how to avoid them, and how to mitigate potential losses if you do find yourself in a compromised situation.