Beware: DOJ and FTC Alert Consumers About Hurricane Milton Fraud and Price Gouging Scams

The Department of Justice (DOJ) and the Federal Trade Commission (FTC) have recently issued a warning to consumers regarding the heightened risks of fraud and price gouging in the wake of Hurricane Milton. As natural disasters often bring out both the best and worst in people, it is important for individuals to remain vigilant and informed to protect themselves from potential scams and exploitation during such times of crisis.

Price gouging, the practice of charging excessively high prices for essential goods and services following a disaster, is a common concern during hurricane seasons. Unscrupulous sellers may take advantage of the increased demand and limited supply of items such as food, water, fuel, and building materials to exploit consumers who are already vulnerable and in need. The DOJ and FTC advise consumers to be cautious and report any instances of price gouging to the authorities.

Fraudulent schemes targeting disaster victims are also prevalent in the aftermath of hurricanes. Scammers often pose as legitimate organizations or individuals offering assistance with repairs, insurance claims, or charitable donations, only to deceive unsuspecting victims and steal their money or personal information. To avoid falling victim to such scams, consumers are advised to verify the credibility of the individuals or organizations they are dealing with and to be wary of unsolicited offers or requests for payment.

In addition to financial scams, consumers should be cautious of fake charities that may surface following a disaster. While many legitimate organizations work tirelessly to provide aid and support to affected communities, there are also opportunistic individuals who exploit people’s generosity for personal gain. Before making any donations, consumers are encouraged to research the charity, confirm its legitimacy, and ensure that their contributions will be used for the intended purposes.

Furthermore, the DOJ and FTC remind consumers to be cautious when sharing personal information online or over the phone, especially in the aftermath of a disaster. Identity theft and phishing scams are common tactics used by fraudsters to steal sensitive information for financial gain. Individuals should exercise caution when providing personal or financial information and be vigilant for suspicious emails, messages, or calls requesting such details.

Overall, the DOJ and FTC’s warning serves as a timely reminder for consumers to remain vigilant and informed during times of crisis. By staying alert, verifying the legitimacy of individuals and organizations, and reporting any suspicious activities, consumers can protect themselves from falling victim to fraud and price gouging in the aftermath of Hurricane Milton. It is crucial for individuals to prioritize their safety and well-being while also exercising caution and vigilance in their interactions with others during challenging times.