$1.1 billion in investment fraud came from social media in 2023. How trading gurus operate, why Black investors are targeted, and how to verify anyone claiming to be a financial professional.
Category: Consumer Protection
The Payday Loan Trap: How Predatory Lending Drains Black Communities at 400% APR
Payday loans carry a 396% APR — 16× a credit card. The industry drains $9 billion a year from borrowers. Charts, data, and real alternatives including credit union PALs and CDFIs.
Crypto and Black America: Why the Fastest-Growing Investor Group Is Also Getting Hit Hardest by Fraud
Black Americans invest in crypto at 1.6× the rate of white Americans — but crypto fraud losses hit $5.6 billion in 2024. FBI data, adoption charts, and a guide to protecting yourself.
Scam Alert + Two-Week News Recap: How to Protect Yourself and What You Missed (June 2026)
Americans lost $3.5B to imposter scams in 2025. The scams hitting hardest right now, how to protect yourself, a recap of the past two weeks’ biggest stories for our community, and concrete action steps. APA7 sources.