Nation’s Top State for Wire Fraud? Florida
Fla. has over two times more wire-fraud incidents than No. 2 Georgia. In real estate, scammers entice buyers to wire closing money to a fake address, dashing buyers’ dreams and robbing Realtors of commissions. The FTC now has a dedicated website for reporting wire fraud.
WASHINGTON – Florida has more reported cases of wire fraud than any other U.S. state, and the real estate version of wire fraud can rob buyers of their dream home and Realtors of their commission. And, in most cases, the crime is discovered on the day of closing.
To help fight wire fraud, the Federal Trade Commission (FTC) created a dedicated website to report crimes. The website, ReportFraud.ftc.gov, gives consumers an easy way to report fraud and other consumer issues directly to the FTC. The agency hopes that the website will lead to faster and more comprehensive reporting that will, in turn, help it fight wire fraud.
FTC doesn’t want to hear just about successful crimes – it also wants to hear about crimes caught early enough that the scammers didn’t get any money. It says the ReportFraud.ftc.gov website gives consumers a streamlined, user-friendly way to submit reports about scams, frauds and bad business practices.
Reporting wire fraud doesn’t just help the consumer, the FTC says. It also helps all Americans if the U.S. can better fight cybercrime.
“Every time you report scams or bad business practices to the FTC, you’re helping to protect your community,” says Andrew Smith, director of the FTC’s Bureau of Consumer Protection. “With ReportFraud.ftc.gov, it’s quicker and easier than ever to share your story, and each report helps the FTC, and other federal, state and local law enforcement agencies, fight fraud.”
One new feature of the site: Consumers who file a report will receive “next steps” from the FTC with advice on what to do based on their particular report. In addition, the FTC has general consumer information on the website, including a new video explaining how the site works.
The site takes the place of the FTC Complaint Assistant, though consumers who visit the old Complaint Assistant will now be redirected to ReportFraud.ftc.gov. To read or submit a report in Spanish, consumers should go to ReporteFraude.ftc.gov.
© 2020 Florida Realtors®