Military Consumers and Sentinel: A deeper dive

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Last week, we gave you an overview of the latest Consumer Sentinel Network Data Book. Today, let’s look a bit more closely at the data from military consumers. We got more than 113,000 reports from military consumers in 2017. Although not all of them gave details about their military status, more than 28,000 are servicemembers, their family members, and inactive Reserve or National Guard, and more than 78,000 are military retirees or veterans. Here are a few interesting take-aways.

Identity theft and imposter scams were among the top reports for both the general population and the military community. Imposter scammers pretend to be someone you trust, to convince you to send them money or personal information. There are many variations on the scheme. People may pretend to be from the government or from a business with technical support expertise. Others lie about being your online love or say there’s an emergency with your family member. These kinds of scams cost military consumers more money than any other type of scam, with $25 million reported lost. Military median losses were $699. For other consumers, the median loss was $500.

We’re not sure why, but military folks reported median losses much greater than civilians did for other frauds, too. For instance, the median loss from the general population for all types of fraud was $429, but for military consumers, it was $619. That’s more than 44% higher. On the other hand, military consumers also told us they lost money in just 15% of the frauds they reported, versus 21% in the general population. That tells us that military consumers are doing a great job reporting consumer fraud to the FTC, even if they didn’t lose money to it. More reports yield more data, tell a more detailed story, and help law enforcement go after unlawful practices.

We want to hear about your experiences. If you spot a scam, tell the FTC – and you also will be telling more than 2,300 law enforcers who are members of the Consumer Sentinel Network.

Blog Topics: 
Money & Credit

Comments

Have had that happen to me. Now I have people claiming to be from the Federal reserve handing out grants. From a bank in N. Y. Send by western union but need to pay 250 dollars a or more to receive it.

I had the exact thing to happen to me. I received that call, but it went no where. Then a guy who claim3d to be stuck in Nigeria and people he had worked with over time would send me the money and I was to send it to a n o gerian name because he was afraid to go past where he was working. Got one now who claims to be in military, wants to retire early but has to have a next to kin in.order to get out. Also have another one on Viber who claims to have people to buy gems from some one in Nigeria. Apparently thus one claims to be in Australia. The one who is getting others to buy gems claims to be in Europe working by the black sea.

i dont want to read problems for someone, i complain you 4 time i wrote about scam me 6 mounth i ask you to help me ,you send me emils for someone i dont care please if you dont help me dont send me emails

Thank you so much for the warning about scammers out there. your integrity services is greatly appreciates in expediting scams, as well as finding them and arresting them for law violation. Thank you again, may God Bless CFPB for doing a great Job with Consumers vs CONSUMER FRAUDS Activity from the scammers.....semper-fi.

I had scammers you try to get a loan and you have pay up front money of $900 for a $8000 loan my block numbers device that came with my MetroPCS phone has alot of unwanted telephone numbers

I've been talkin to gentleman who says he's a general in the Army for about 60 days he's not asking for money but the sun's teachers asking to help pay for expenses the father story sounds convincing

If the gentleman is really a General, this is public record. Take the name he's giving you and Google US Army Generals. You will see a list with pictures of current and retired Generals. I'm sure he's not a General. My mother was scammed by a similar story. When we searched him, he was not listed in the public records. He told my Mom he was "undercover" and that's why he didn't show up in the list, but that was also a lie. Please be careful and don't fall for this con.

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