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U.S. coronavirus fraud losses near $100 million as COVID scams double

11 Comments
By Steve Gorman

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© Thomson Reuters 2020.

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With so much money available and so little oversight, it's not surprising that scams are happening.

And with so much money available and an election close at hand, it's also not surprising corporations connected to political power, even those with histories of fraud like YRC Worldwide, are getting huge amounts of taxpayer's - US$700,000,000 - money. Maybe someone from The R's rapid response team can say whether there are connections between Trump, Inc and YRC's backers Apollo Global Management.

0 ( +1 / -1 )

U.S. coronavirus fraud losses near $100 million as COVID scams double

And the biggest fraud and scam is our President's clearly inept, incompetent, and bungled response to the virus - which to date has resulted in over 155K fatalities...

1 ( +3 / -2 )

With so much money available and so little oversight, it's not surprising that scams are happening. 

We really don’t have any money, we are just printing it, I don’t know where you got that idea from.

And with so much money available and an election close at hand, it's also not surprising corporations connected to political power, even those with histories of fraud like YRC Worldwide, are getting huge amounts of taxpayer's - US$700,000,000 - money. Maybe someone from The R's rapid response team can say whether there are connections between Trump, Inc and YRC's backers Apollo Global Management.

You mean like this....

https://www.aarp.org/money/scams-fraud/info-2020/political.html

0 ( +1 / -1 )

Well, scams are always alive and well. As to the victims, they range from the elderly and vulnerable to the just plain stupid idiots who fall for these scams.

Paying for a "cure" that is not dispensed by your healthcare provider or covered by your insurance (if you have it) obviously can't be trusted.

2 ( +2 / -0 )

Excellent example, bass.

1 ( +1 / -0 )

There are plenty of "scam baiter" videos online that show you the basic methods of scam and con artists that engage in these types of tactics. Worth watching so you know what look for...

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U.S. losses from coronavirus-related fraud and identity theft have reached nearly$100 million

Only a fraction of the over $1 billion duped from people thinking they are donating to a certain organization to help minorities or the underprivileged but instead being funneled directly to politicians. I won't name names but you can figure it out.

-1 ( +0 / -1 )

The millions of dollars stolen from naive consumers by scam artists cited in this article are mere chump change compared to the HUNDREDS of BILLIONS of $$$$$$$$ in corona virus aid sloppily doled out to US businesses, big and small, in an opaque, hasty and disorganized Trumpian fashion that reeks of corruption and unaccountability. How to sniff out this gargantuan pork barrel scheme/scam? "Cherchez le Trump"! He's the go-to guy whose special talent is knowing how to drive a business (or country?) into bankruptcy.

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Trump is, regardless what people say, the one US President, who speaks out on how he thinks, even if we all don't like what he says.

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Trump does have his bad moments... such as the Horse Doctor cures (though.... to give him Credit, those said Tests, were done by the CCP... so who believes them anyway).

0 ( +0 / -0 )

Trump is, regardless what people say, the one US President, who speaks out on how he thinks

Yep. It's a significant part of what makes him such an incompetent president.

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