Stay Alert for Sandy-Related Scams
OPEN finance expert Mike Periu on the different types of scams and fraud that surface after a disaster like Hurricane Sandy.
There are three main types of fraud expected to target consumers. Charity scams setup fake charities—many with similar names to famous charities—and target consumers for donations. Home repair fraud occurs when unlicensed contractors go door-to-door offering to make repairs with the endorsement of FEMA or some other agency when in reality they just plan to take your deposit and run. Finally flood-damaged car scams try to sell cars with water damage, which can lead to severe problems, without disclosing this damage to buyers.
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