Texans have already been scammed out of about $10 million in 2025 alone.
SAN ANTONIO — Scammers have already caused Texans to lose close to $10 million in the first half of this year alone. Three scams top the list that could make many of us miss our money.
There are three scams making up much of that incredible $10 million figure. Those are debt collection scams, investment scams and employment scams.
We will start with debt collection scams.
Jason Meza, the spokesperson for the Better Business Bureau of south Texas told us, “The temptation that people fall into is they offer money to an organization they don’t know, to a group that’s going to take advantage of their financial situation.”
Because medical debt is now included in your credit report, that gives scammers more means to make money.
“It’s unfortunate that this is going to fall into that same umbrella. But again, the same the same thing comes into play when we tell people to ensure that they’re going up to bat with the right organization,” Meza said.
In the first half of 2025, the Better Business Bureau says Texans lost over $2 million to debt collection scams. Last year at this time that number was just $20,000. When it comes to investment scams in the first half of last year Texans reported $1.9 million in losses, but this year about double that, with $3.7 million lost to scammers.
Next up, risky investment scams which include cryptocurrency.
“It’s time that we really need to focus on where people are putting their hard earned dollars in investments, that it’s risky,” Meza said.
Employment scams are also at the top of the list but those aren’t really about money, but revealing sensitive personal information. Meza told us, “There might be a revealing of bank accounts, there might be revealing of Social Security number to insure a background check, so that information going out the wrong door is very, very dangerous.”