Florida Has Highest Fraud Rate: Report

Do you plan to relocate to the Sunshine State anytime soon?

A startling report from the The Federal Trade Commission may reveal more about Florida than its warm weather and sunny beaches. The FTC is warning current and future Florida residents of the state’s high scam rate.

The study found that Florida has the highest rate of fraud and identity theft complaints per capita. In addition, nine of the top 10 metropolitan areas for identity theft complaints are located in Florida. South Florida leads the nation in identity theft.

So why the constant scamming in Florida? Experts point to vulnerable seniors. Almost 18 percent of Florida’s population is older than 65, and they are more likely to be victims of fraud.

To read more on this study, check out this article from The Huffington Post.