SALT LAKE CITY — Memorial Day was established as a day to to honor fallen soldiers from American wars, but con artists are now using this commemorative holiday to target the military.
Scammers use schemes that feature a patriotic or military approach to appeal to potential victims, as many legitimate businesses also offer holiday deals to service personnel.
According to the Better Business Bureau (BBB) common scams against the military include the following:
- High-priced military loans
- Veterans’ benefits buyout plans
- Fake rental properties
- Misleading car sales
- Expensive life insurance policies
In 2020, active-duty service members lost more than $190,000 to scammers across the United States, according to reports generated by BBB Scam Tracker. Veterans across the nation lost over $270,000 to fraudulent business practices.
While the vast majority of money was lost to online purchase scams, employment, COVID-19 and phishing scams were also prevalent. Almost…