BBB combats scammers this Veterans Day | Better Business Bureau

As Washingtonians honor former military personnel on Veterans Day, Better Business Bureau serving Alaska, Oregon and Western Washington urge consumers to remain vigilant against scammers targeting veterans.

  • Wednesday, November 11, 2015 6:03pm
  • Business

As Washingtonians honor former military personnel on Veterans Day, Better Business Bureau serving Alaska, Oregon and Western Washington urge consumers to remain vigilant against scammers targeting veterans.

According to the Consumer Sentinel Network, nearly 100,000 military members complained of being targeted by financial crimes in 2014, with identity theft and impostor scams topping the list. Con artists often use malevolent tactics to steal the money and identities of veterans and their families.

Better Business Bureau reminds service men and women to watch for these common military scams.

Phone Scams: Impostors pose as Veterans Administration employees and call veterans to request that they update their credit card, bank or other financial records with the VA. Fraudsters use scare tactics by threatening cancelation of benefits in order to collect birthdates, Social Security numbers and bank account information.

Rental Listings: Cyber thieves create bogus online rental listings and lure in potential victims by offering military discounts. Victims are asked to wire deposits and first month’s rent to “landlords” who happen to be out of the country.

Military Loans: Sketchy lenders promise “instant approvals” and no credit checks, but loans often carry extremely high interest rates and hidden fees.

Insurance Policies: Solicitors make false statements or inflate claims regarding the benefits of policies they offer, using high-pressured sales pitches to sell expensive—and often unnecessary—life insurance policies.

Donors looking to give to a military-affiliated charity this Veterans Day are urged to use Wise Giving Alliance in finding a trustworthy charity. Consumers are also advised to research businesses through bbb.org before giving out personal information, making payments or giving donations.

Since 2012, service men and women have been utilizing BBB’s Military Line, a program that provides free resources to all branches of the U.S. military, including financial literacy information, scam alerts and access to BBB services such as complaint handling and dispute resolution.

More in Business

Lt. Dan needs lots of helping hands

Gary Sinise formed the “Lt. Dan Band” in early 2004 and they began entertaining troops serving at home and abroad. Sinise often raised the money to pay the band and fund its travel.

New Enumclaw wine bar aims for broad audience

Bordeaux Wine Bar is scheduled to be open Wednesdays through Sundays.

Streamlining regulations makes more housing affordable

There were over 21,000 people homeless in Washington State last year.

Water pressure mounting in West as population spikes

What is happening in California with water allocation disputes is a harbinger of what is to come in our state as well.

Railroads implementing positive track

While the investigation continues into the deadly AMTRAK derailment near Dupont, the clock continues to tick on the implementation of Positive Track Control (PTC). The deadline is Dec. 31, 2018.

Keep the holiday spirit all year long | Don Brunell

During the holidays, our thoughts naturally turn to giving — not just giving gifts, but donating our time and money to charities, disasters and community programs.

Finding balance in occupational licensing

Recently, the Institute for Justice (Institute) determined state licensing barriers for lower-income workers and aspiring entrepreneurs not only hurts people trying to establish themselves in a profession, but annually drives consumer prices up by $203 billion.

Remember 1993

Twenty-five years ago, business took a beating in Olympia. The swing to the left in the 1992 general election was swift and potent. It drove higher costs to employers and more government regulations.

Remembering Ed Carlson, Vietnam POW

Since last Veteran’s Day, Ken Burns’ in-depth documentary on the Vietnam War has aired. It is a powerful reminder of an unpopular war in which many “baby boomers” fought and died.

Rural prosperity essential to Washington

While Seattle is growing rapidly, our rural areas continue to struggle. They don’t have the corporate giants such as Amazon, Microsoft and Boeing creating jobs and economic opportunities. Farms are predominantly family-owned.

Amazon’s plan reminiscent Boeing’s Chicago move

Last year, Seattle Times aerospace reporter Dominic Gates wrote about the similarities and differences between Boeing’s corporate office move to Chicago and Amazon’s plan for a second headquarters.

LiveLocal98022 meeting cancelled

Bob Green, the night’s speaker, notified the organization he couldn’t attend due to an illness.