Scam Report: Targeting the Troops

July 8, 2021

by Spero Financial

The Federal Trade Commission is alerting consumers about scams targeting students that are veterans.

Excerpt from the Federal Trade Commission article "Targeting the troops."

While American servicemembers stand ready to defend the nation, smalltime scammers and large corporations alike have them in their sights. They follow the money — and they know that military personnel get a steady paycheck and valuable benefits from Uncle Sam. And the eventual transition back to civilian life gives the scammers even more opportunities to target the troops.

For instance, the FTC uncovered that the University of Phoenix (UOP), a massive for-profit university, targeted servicemembers and veterans, among others, by luring them with false promises. Under a settlement reached with the company, UOP paid $50 million in cash and canceled $141 million in debts owed to the school. In another FTC enforcement action, Career Education Corporation was required to return $30 million to students after its agents recruited patriotic Americans using phony government websites like “” and “” — a ruse to get students in the door. These cases show that you can’t always trust slick websites, or schools that are eager to get you enrolled.

Read more for what you need to know about protecting yourself or a loved one from education scams.

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