Welcome to the Money Rep

1. Beware of bogus products and investments

As scammers prey on Coronavirus fears, there’s been an uptick in the sale of bogus products like masks, immune system boosters, and sanitizers.

If you can’t find hand sanitizer locally, it’s unlikely that a random source on the internet would have an unlimited supply for sale. When an offer sounds too good to be true, verify product credibility through research.

Also, be wary of “investment opportunities” related to the Coronavirus. The U.S. Securities and Exchange Commission warns people about online promotions, including through social media, claiming the products or services of publicly traded companies can prevent, detect, or cure Coronavirus.

2. Know your charities

Scammers also are soliciting for bogus charities. They know if they tug on our heartstrings, our wallets will usually open.

The scams often appear to help people locally or assist specific groups you support. Before you contribute, research new charities thoroughly.

Check with the Better Business Bureau for complaints, or one of the online sites that track charities such as GuideStar, CharityNavigator, or CharityWatch.

3. Watch out for "phishing"

Phishing emails aim to steal money and personal information. Never click on an embedded link in an unsolicited email. It may download malware onto your computer!

It may be wise to install antivirus software on your computers, and that all software is up to date.

You should also be suspicious of emails claiming to be from the Centers for Disease Control and Prevention (CDC) or “experts” saying they have new, critical information about the virus.

For up-to-date information, visit the CDC's website and the World Health Organization's website.

Also, report suspicious claims to the Federal Trade Commission at ftc.gov/complaint.