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Read More Other Investment Frauds Thinking of investing in the commodities and futures markets? The biggest single risk—that of doing business with a dishonest salesperson or firm—can be avoided at the outset with a little healthy curiosity on your part. Here are a few tips to help you avoid those pitfalls. Find out if the firm you are considering ...
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Scams and Frauds
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Read More Pyramid Schemes Multi-level sales programs, also known as pyramids, are marketing techniques used to sell a variety of products-from plastic containers, cosmetics, and household cleaning products to credit cards and even real estate. While many multi-level programs today are legal, there are some that are illegal and deceptive. If you’re thinking about joining a multi-level sales ...
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Read More Ponzi Schemes In the basic ponzi scheme a promoter promises to pay investors huge interest profits on their investments in a short period of time. The promoter can do this in the early stages of the scam by using the money from new investors to pay off profits promised to earlier investors. As the scam grows ...
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Read More Telemarketing Fraud While most telephone solicitations are legitimate, some fraudulent businesses will use the telephone to peddle worthless products and services. The following are sales practices which are commonly used in telemarketing frauds. Be alert to them: high pressure sales tactics; refusing to take “no” for an answer; insisting on immediate decisions; making offers that sound ...
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Read More Investment Fraud You should consider the following factors when looking into investments. Always check to see if the investment you want to purchase is registered and if the company or salesperson selling it are licensed. You can call the Securities Compliance Branch of the Business Registration Division at the Department of Commerce and Consumer Affairs to ...
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Read More Contest Cons Many people feel that there’s nothing to lose and maybe lots to gain by entering contests offered by mail or phone. Some contests may look attractive because of their promise of big prizes. But, there’s a risk that you might become the victim of a contest con. While there are many legitimate contests, ...
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Read More Infomercials Well, you’ve seen them on TV, those get-rich-quick schemes on how to make millions in real estate or the revolutionary bee pollen that will make you look years younger, they’re a new wrinkle on TV advertising today. It’s the TV shopping service where viewers can watch merchandise being offered for sale on TV and ...
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Read More 1-900 Phone Numbers Many organizations and businesses use 1-900 phone numbers for legitimate and useful services, but just about anyone can lease a national 900 phone line from a telephone company. And, so we find 1-900 phone numbers offering services from weather reports and wake-up calls to dial-a-joke and dial-a-porn to outright consumer scams. A charge goes ...
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