DFS: Be aware of coronavirus scams


The New York State Department of Financial Services is urging consumers and industry to be on high alert for potential scams and promotions following what it calls an “uptick” of coronavirus scams appearing on social media, emails, texts and websites.

“Specifically, scammers are impersonating the U.S. Center for Disease Control and the World Health Organization through various channels of communication,” the DFS said on its website. “There are also fraudulent health products and medical treatments to ‘cure’ the virus being marketed to consumers. At this time there is currently no FDA-approved vaccine to prevent the virus.”

The Federal Trade Commission and U.S. Securities and Exchange Commission both issued alerts warning consumers and investors about misbranded products that allege to help stop the coronavirus outbreak.

Complaints about scams involving financial products or services, can be made via DFS’s consumer complaint form or by contacting its consumer hotline at (800) 342-3736.



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