How To Spot Local Scammers Looking To Profit Off Coronavirus

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As concerns about the new coronavirus proliferate in the region, so too are scammers looking to profit from people's fears. Attorneys general in D.C., Maryland and Virginia say residents should be on guard against COVID-19-related scams, like bogus products and specious charities.

"Scammers are taking advantage of people's fear of getting sick from COVID-19. Consumers can avoid being cheated by understanding how these thieves are trying to steal their personal information and money," said Maryland Attorney General Brian Frosh in a press release.

Some things to watch out for include products that purport to prevent, detect or cure the disease; charities pretending to collect donations for victims or to fund research; and fraudulent emails, texts and social media posts that can be used to steal money or personal information.

Right now, there are no treatments specifically for COVID-19 available for purchase, though several companies are developing a vaccine. That means any product that claims to cure COVID-19 is almost certainly fake, and could even cause sickness or injury.

Similarly, be wary of donating to COVID-19 research or to help victims of the disease, particularly if asked for payment in cash, gift cards or bitcoin.

"Unfortunately, scammers oftentimes take advantage of natural disasters or public health fears like the coronavirus to make a buck," said Virginia Attorney General Mark Herring in a press release. "It is so important that Virginians stay vigilant and do their research before giving their money to anyone purporting to sell preventative medications or raising funds for victims."

The U.S. Securities and Exchange Commission has also warned of fraudulent investment opportunities, like claims that stock in certain publicly-traded companies can prevent, detect or cure COVID-19, and that the stock will dramatically increase as a result of the pandemic. Investors can lose money with bogus companies and related schemes.

If you think you've encountered a COVID-19 scam locally, you can report it to the Maryland Consumer Protection Division, the Virginia Office of the Attorney General or the D.C. Office of the Attorney General. You can also file a complaint with the Federal Trade Commission or the World Health Organization.



Here Are Some Tips To Avoid Scams: