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BBB report: Employment offers riskiest scam of 2019

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Posted at 10:34 AM, Mar 02, 2020
and last updated 2020-03-02 22:08:23-05

GRAND RAPIDS, Mich. — Scams involving job offers with high pay and flexible hours were the riskiest in 2019, according to the Better Business Bureau.

In a report released Monday, the BBB says the riskiest scams of last year were employment, cryptocurrency, online purchases, fake checks and money orders, and advance fee loans.

Risk was calculated by how much exposure each type of scam had, how often people lost money and the amount of money lost.

The most common scam was online purchases, where someone buys an item but never receives it or sells something but receives a fake check.

Riskiest scams changed by age. Employment was most risky for people 18-54, romance for 55-64 and travel, timeshare and vacation scams for those 65 and up.

Men and women were almost equally as likely to fall for a scam, but the median amount loss was $109 for men.

The full report is available on the BBB's website.