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Your scam stories

Oct 30, 2023
Econ Extra Credit newsletter #172: Readers share their cautionary tales and we provide some tips on how to protect yourself.
A telemarketer points out immigrant-owned businesses that have supported police groups out of fear or a misguided belief they would receive protection.
“Telemarketers”/HBO

A big-time scam

Oct 2, 2023
Econ Extra Credit newsletter #168
Courtesy HBO

AI amplifies scam calls and other deceptions

The technology's ability to clone voices and likenesses makes authentication harder but more urgent, says Wasim Khaled of Blackbird.AI.
People have received calls from what sounds like a relative asking for money, but the voice was generated by artificial intelligence in a fraudulent scheme.
Tero Vesalainen/Getty Images Plus

Financial losses from romance scams add up

Reported romance scam losses in 2022 were $1.3 billion, but that's likely an undercount.
Many online scammers are running multiple cons at once, including romance scams.
celiaosk via Getty Images

Predatory practices past and present target Black investors

Feb 10, 2023
Payday loans, high-fee check-cashing services and scams find fertile ground in a community still affected by generations of discrimination.
Kenneth Nichols, right, works with Janice Leek to set up a presentation called "The Future of Blockchain Is Here!"
Kimberly Adams/Marketplace

For public good, not for profit.

Large banks, including J.P. Morgan Chase, are creating a system to reimburse customers who fall victim to scams.
Michael M. Santiago/Getty Images

When it comes to crypto, it's buyer beware

Nov 11, 2022
The Consumer Financial Protection Bureau (CFPB) has released a new bulletin of consumer complaints about crypto.
The Consumer Financial Protection Bureau has received more than 8,000 complaints about crypto in the past four years.
Michael M. Santiago/Getty Images

Peer-to-peer payment use is growing. So are scams.

Jul 20, 2022
The Consumer Financial Protection Bureau will reportedly push banks to reimburse customers who lose their money through scams on apps like Paypal, Venmo and Zelle.
Payment apps haven’t disclosed how much consumers have lost from scams, but Lisa Ellis with MoffettNathanson estimates it’s around $10 billion.
Justin Sullivan/Getty Images