Crimes exploiting economic uncertainty caused by the Covid-19 pandemic are on the rise. The California Department of Business Oversight (DBO) recently sent out an alert highlighting the various scams which have been reported to their office. These include:
-
Loan modification and foreclosure scams which lure homeowners into transferring their deeds to a third party, or intentionally defaulting on their loans.
-
Lending scams which involve sending fees in advance of obtaining financing.
-
Investment related scams such as offers to give advance payments on pensions.
Staying informed about these and other types of fraudulent schemes can help protect you and your loved ones from falling victim to such crimes. You can learn more by visiting the DBO website: