Beware: DOJ and FTC Alert Consumers to Fraud and Price Gouging Threats as Hurricane Milton Looms

The Department of Justice (DOJ) and the Federal Trade Commission (FTC) have issued a warning to consumers about potential fraud and price gouging risks as Hurricane Milton approaches. The two agencies are urging people to be cautious and vigilant as they prepare for the potential impact of the storm. The DOJ and FTC are particularly concerned about unscrupulous individuals or businesses taking advantage of the situation to exploit vulnerable consumers. Price gouging, which involves charging excessively high prices for goods and services during a time of crisis, is a common issue that arises in the aftermath of natural disasters like hurricanes. These unethical practices can make it difficult for people to obtain essential supplies such as food, water, and shelter. The DOJ and FTC are reminding consumers that price gouging is illegal and that they should report any suspected instances to the authorities. In addition to price gouging, the agencies are also warning consumers to be on the lookout for various types of fraud that may occur during hurricane season. This includes scams involving fake charities, fraudulent contractors offering repair services, and identity theft schemes. The DOJ and FTC are advising consumers to be cautious when dealing with unknown individuals or businesses, especially those soliciting donations or offering services door-to-door. To protect themselves from fraud and price gouging, the agencies recommend that consumers take the following precautions: 1. Verify the legitimacy of businesses and charities before making any payments or donations. 2. Be wary of unsolicited offers or requests for personal information. 3. Keep records of all transactions and communications related to hurricane preparedness and recovery efforts. 4. Report any suspicious activities to the appropriate authorities, such as the DOJ, FTC, or local law enforcement. By staying informed and vigilant, consumers can better protect themselves from falling victim to fraud and price gouging during times of crisis like Hurricane Milton. The DOJ and FTC are committed to enforcing laws that protect consumers from exploitation and are actively working to investigate and prosecute any individuals or businesses engaged in illegal activities related to the storm.