A 2025 study by the Richmond Federal Reserve Bank found that BNPL borrowers are typically female, younger, renters, and less educated; but, surprisingly, have higher household incomes. Entrepreneurs and small business owners who bought into Air AI’s programs lost as much as $250,000. “Nearly 800,000 vehicles are donated to charities every year. There are a host of charities that accept donations of cars listed. But they may not all be reputable.”
Randy Hutchinson is the President and CEO of the BBB of the Mid-South, serving 28 counties in Tennessee, Mississippi and Arkansas. He graduated from Western Maryland College and has an MBA from Wilmington College.
The FTC received 850,00 reports of impersonation scams in 2024, with total losses of almost $3 billion.
And only a fraction of scams are reported, so the actual numbers are much higher.
Impersonation scams include crooks claiming to be:
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