The Alvin Galloway Show, (TAGS), 2 p.m. to 4 p.m., on listen2krdp.com and 4 p.m. - 6 p.m. on KDRP 90.7 FM.
This segment of TAGS is: "FTC Data Show Huge Spike in Cryptocurrency Scams.”
FTC officials provide critical information can save your wallet and a lot frustration, during a press briefing hosted by Ethnic Media Services. Also hear a personal testimony of a educator that was fell into a “cryptoscam.”
Since the start of 2021 through June 2022, people have reported losing over $1.3 billion in cryptocurrency to scams. Nearly half say the scam began with an ad, post, or message on social media. The largest share of the losses, about $785 million, involved bogus investment opportunities. Cryptocurrency was the payment method used for about one in every four dollars reported lost to fraud during this period.
FTC experts will explain how cryptocurrency scams work, why they are growing so fast, and what the latest “trending” scams are. They’ll also talk about which population groups are most at risk, how to spot and avoid cryptocurrency scams, and how to report them.
Panelist include: Rosario Mendez, Attorney, Consumer & Business Education, FTC; Elizabeth Kwok, Assistant Director of Litigation Technology & Analysis, Bureau of Consumer Protection, FTC; Cristina Miranda, Consumer Education Specialist, Division of Consumer & Business Education, Bureau of Consumer Protection, FTC; Jeffrey Vaulx, Teacher, Special Education, Memphis, Tennessee.
Stay TUNED as you Tune IN for an intellectual Tune UP! The Alvin Galloway Show, for conversation, information, music and culture. Every Sunday, 2 p.m. to 4 p.m. (MST), on listen2krdp.comand 4 p.m. - 6 p.m. on KDRP 90.7 FM.
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