Miami is #1!

…. in fraud. And according to a report from the Federal Trade Commission last year Florida was home to 18 of the country’s top 50 cities for consumer fraud.

This is both unsurprising and misleading.  It’s unsurprising because something about the Florida lifestyle seems to attract smooth-talking grifters (the less smoothing-talking ones go into local politics).  But it’s misleading because it only measures garden variety consumer fraud; to do fraud on an epic scale requires a bank.  Places like California (Wells Fargo) and New York (Wall St.) surely have us beat six ways from Sunday in that department. Unless of course the FTC counts those by victims too in which case we could well be #1 after all…

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