The Social Security Administration recently voiced concerns over a spike in reported Social Security scams. Additional data shows that the number of Social Security fraud cases has surged during the pandemic. The agency received more than 718,000 reports of telephone scams in the fiscal year ending September 30th which totaled nearly $45 million in losses.
This number also marked an increase from 2018 when 478,000 cases of Social Security fraud occurred. Fraudulent calls during the pandemic also increased from less than 6,000 in April 2020 to over 100,000 in September. To better protect you and your loved one from being harmed by social security fraud, this article reviews the 4 most common types of Social Security fraud as well as what you can to avoid being harmed this way.
# 1 – Fraudulent “Criminal Act” Phone Calls