Price Gouging Alert: How Scammers Take Advantage of Disaster Victims
In the aftermath of a natural disaster, prices for essential goods and services often skyrocket, leaving victims vulnerable to price gouging scams. In this article, we’ll explore how scammers take advantage of disaster victims and provide tips on how to avoid falling prey to these schemes.
The Rise of Price Gouging Scams
Price gouging scams have become a significant problem in the wake of natural disasters. Scammers prey on the desperation and uncertainty of disaster victims, offering essential goods and services at inflated prices. This can include everything from food and water to temporary housing and medical supplies.
Common Signs of Price Gouging Scams
- Unusually high prices for essential goods and services
- Lack of transparency in pricing and billing
- Poor quality or subpar products
- Pressure tactics to make a sale
Be aware of these common signs of price gouging scams and take steps to protect yourself from falling victim.
How to Avoid Price Gouging Scams
There are several steps you can take to avoid falling prey to price gouging scams:
- Research local prices for essential goods and services before a disaster strikes
- Beware of unsolicited offers and do your due diligence before making a purchase
- Check prices and compare offers from multiple vendors
- Report suspicious activity to authorities and file complaints with the Federal Trade Commission (FTC)
Learn more about price gouging scams from the Federal Trade Commission.
