Scammers seeking to exploit baby formula shortage, FTC warns

Scammers are looking to prey on U.S. parents struggling to find baby formula amid a national shortage of the nutritional products, the Federal Trade Commission warned Wednesday. 

The agency urged consumers scouring the internet for formula to beware of people who claim to be selling brand-name products, but who fail to deliver them after someone makes an online purchase.

"Scammers exploiting the high demand for baby formula have sunk to new lows. They're popping up online and tricking desperate parents and caregivers into paying steep prices for formula that never arrives," the FTC said in a statement.