Scammers pushing empty promises of wealth from business opportunities never cease to be creative. They come up with ideas that sound so detailed and timely that the deal has to be legit…at least, that's what they want you to think.
What do bogus government grants, business opportunities, and free trial offers have in common? According to the FTC, they were all part of an elaborate scheme that cost consumers more than $275 million dollars.
Scammers use a number of clever schemes to trick people into sending them money: they might promise a job, a loan, a scholarship, or a prize. They might even promise to recover money lost to a previous scam.
Veterans Day is a special time to honor all those who have served our country. According to the Department of Veterans Affairs, more than 22 million veterans live in the U.S. today. And yet, for all the grateful Americans who celebrate these heroes, there are scammers trying to take advantage of veterans and current servicemembers.
The FTC’s Consumer Center has loads of information to help veterans and their families fight back against fraudsters.
Going to a vocational school, also known as a trade, career or correspondence school, can be an effective way to train for a skilled job as an automotive technician, medical assistant, electronics technician, or any of a number of other positions. Before you commit to a school, though, it’s a good idea to research its training program, its record of placing graduates in jobs, and its fees.
You’ve served the nation and maybe you’re thinking about heading back to school to start the next chapter of your career. Colleges are there to help you, right? Hmm, not so fast. Not every school has got your back. Some for-profit schools may care more about boosting their bottom line with your VA education benefits. Some may even stretch the truth to persuade you to enroll, either by pressuring you to sign up for courses that don’t suit your needs or to take out loans that will be a challenge to pay off. In 2010, the Inspector General of the U.S. Department of Education (ED) said that 70% of the agency’s current fraud investigations were focused on for-profit schools.