What are some types of scams that have defrauded military families?

Military Families January 25, 2013|Print

Many types of scams are targeted toward military families. Some examples include fake insurance policies, affinity fraud investment scams (i.e., scams that target people with a common bond), the sale of used cars with questionable titles, predatory loans, work-at-home schemes for military spouses, and door-to-door sales of burglar alarms, new roofs, and home repairs. Remember, if something sounds too good to be true, it probably is.

Urge military families to check out unfamiliar products and services and to investigate the background of salespeople (e.g., investment advisors) who are urging them to make a purchase. Some fraudsters wear fake military insignias in an effort to bond with military families and establish an aura of trust. Pitches to spend money quickly or “lose out on a once-in-a-lifetime opportunity” are particularly suspect and should be avoided.