As unprecedented weather events become a frequent occurrence, authorities are taking active measures to prepare citizens for potential frauds associated with such looming situations. With Hurricane Milton on the horizon, the Department of Justice (DOJ) and the Federal Trade Commission (FTC) sprang into action with public announcements detailing threats of fraud and price gouging following the disaster.
Price gouging often plagues residents in the aftermath of a natural disaster, such as a hurricane, wherein vendors take advantage of the situation by marking up prices excessively for necessary supplies. However, both DOJ and FTC have severe penalties lined up for such fraudulent schemes and have pledged to work tirelessly to prevent and redress such issues.
The FTC’s Chairman, Lina Khan, emphasizes their commitment to maintain a fair marketplace, especially at such crucial times. Ling elaborates on how the FTC will closely watch businesses to ensure they do not exploit consumers suffering from the impact of the hurricane.
Meanwhile, the Department of Justice is equally determined in its commitment to crack down on pandemic-related fraud in the wake of the hurricane. Lisa Monaco, the Deputy Attorney General, conveys the DOJ’s commitment to enforce the Consumer Protection Guide rigorously.
This guide, released in 2020 due to the onset of a global pandemic, serves as a tool to curb the surge of scams, fraudulent business practices, and price gouging related to COVID-19. Now, its mandate is expanded to cover disaster-related fraud, such as charity fraud, contract fraud, price gouging, and identity theft. The DOJ partnered with the FTC to launch a website where victims can report fraudulent activities.
Both agencies implore consumers to stay cautious. They should verify the credentials of a charity before making donations and be wary of any unsolicited emails or texts requesting personal or financial information. Consumers should also keep track of pricing trends and report if they notice substantial price hikes during the hurricane season or in its aftermath.
Furthermore, residents are advised to pay heed to contractor scams, which often see a rise during disaster recovery. Homeowners seeking repairs should validate contractor licenses, obtain written estimates and contracts, and make payments only when all terms of the agreement are met.
While the FTC and DOJ are employing their full might to protect consumers, citizens have a significant role in this battle against fraudulent practices. Alertness, an informed mindset, and timely reporting can help discourage and curb these scams, ensuring a safe and fair marketplace even during daunting times.
The approaching hurricane is not just a natural disaster but an unfortunate opportunity for unscrupulous entities to exploit the vulnerable. With law enforcement agencies vigilant and proactive, it is incumbent on consumers also to be aware and report any suspicious activities in order to ensure their security and that of their community.
Therefore, in the face of Hurricane Milton, the DOJ and FTC’s vigilance serves as a timely reminder for consumers to stay watchful and report suspected fraud to the pertinent authorities. Together, the citizens and law enforcement agencies can come together to ensure that fraudulence and exploitation have no place in their preparedness and recovery process from such natural disasters.