It’s a scam!

COVID-19 clinical trial: real or fake?

Learn how to tell the difference.

There are thousands of trials underway as companies race to find effective vaccines and treatments for COVID-19. Many of these research studies are legitimate, but some are not. So, if you’re thinking about volunteering for a COVID-19 trial, it’s important to know how to spot the real trials advancing medicine for everyone, versus the fake ones trying to steal your money and personal information.

Preying on our natural desire to help others, scammers have created fake websites and promotional materials, posing as legitimate researchers. Their goal? To take your personal information and your money. They might promise you a doctor’s care and more than $1000 in payment…but as soon as they try to charge you for access, or ask for your Social Security, bank account, or credit card number, your Spidey sense should start tingling, because, unfortunately, some of these so-called “research studies” are fake.

If you’re interested in participating in a COVID-19 or other research study, here are some things to keep in mind:

Never pay to be part of a clinical trial, or to find out about one. Real clinical trials will never ask you to pay them.
Do an online search before you join, with the name of the clinical trial and the words “scam,” “review,” or “complaint.”
Legitimate clinical trials do gather information to identify ideal candidates. To screen for participants for COVID-19 trials, they might ask for your name, contact information, age, gender, race, ethnicity, or various pre-existing conditions associated with higher risk of a COVID-19-related mortality. But they should never ask you to give your Social Security number during recruitment or screening.
Never share financial information (like your bank account or routing number). Most legitimate trials will offer to pay people to participate in the trial, but you can ask to be paid by check rather than direct deposit. The amount you get will vary based on the trial, but it can range from $1,000-$2,500, particularly in Phase III of vaccine trials.
The National Institutes of Health (NIH) and the National Library of Medicine (NLM) maintain ClinicalTrials.Gov, a free searchable database of clinical studies on a wide range of diseases. You can also use the database to get more information about studies, including whether they’re recruiting participants, and their contact information.
If you’re interested in volunteering for a COVID-19 trial, you can sign up at the COVID-19 Prevention Network, a site run by the National Institute of Allergy and Infectious Diseases at the National Institutes of Health.

If you spot a trial that’s charging people to participate, or demanding your SSN or financial information during screening, be sure to tell the Federal Trade Commission.

You can also file complaints with your attorney general regarding consumer issues, frauds, and scams. To find your state attorney general, visit consumerresources.org.
CovidSCAM

October 23, 2020
by Jim Kreidler
Consumer Education Specialist, FTC
source FEDERAL TRADE COMMISSION Consumer Information

Did someone tell you to pay with gift cards?

It’s a scam!

Consumer Education Specialist, Division of Consumer & Business Education, FTC
Maybe someone said you’ve won the lottery, a prize or sweepstakes. Or they claim to be from the government and tell you there’s a problem with your Social Security number. And, to collect your winnings or solve your problem, you have to pay with gift cards. But here’s the thing: anyone who insists that you pay by gift card is always a scammer.

Learn more by watching this video about how to avoid gift card scams and how to report them.

Also, read more about paying scammers with gift cards to be sure you know how to avoid traps.

If you paid a scammer with a gift card, tell the company that issued the card right away. When you contact the company, tell them the gift card was used in a scam. And then report it to the FTC. Remember to keep the gift card itself and the gift card receipt, and, have them available when you contact the company and the FTC.

To stay up to date on scams that could affect your community, sign up for the FTC’s Consumer Alerts.

September 11, 2020
by Traci Armani
source FEDERAL TRADE COMMISSION Consumer Information