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Consumer Information Blog - for 2020-January

Investment coaching scams are trending

You’ll make a lot of money. I’m going to show you how to do it — and using my program, I guarantee you’ll be successful.
If you see that in an ad, there’s likely a scammer behind it. Just last week, the FTC announced Operation Income Illusion, a nationwide effort to shut down income scams that used false promises like this to trick people into believing they would make a lot of money if they bought one of these programs. In each case, it turned out to be, well, an illusion.
Blog Topics: 
Jobs & Making Money

Free cruise? Try illegal robocall with an upsell.

The recorded message made it sound easy — take a phone survey and get two free tickets to go on a cruise. But, you guessed it, it wasn’t that simple. The call was an illegal robocall. And those free tickets came with a catch.

Today the FTC announced charges against the operators of a “free cruise” telemarketing scheme that made millions of illegal robocalls and dialed numbers on the National Do Not Call Registry. The callers also faked caller ID information so it looked like the call was coming from a local number.

Protecting small business from imposters

Opening a business requires planning, elbow grease, and probably some paperwork to register your new company with your state or local government. And that’s where some not-so-honest outfits may try to confuse you into thinking they’re from the government and that you need to pay money to complete your registration. Their mailings look like an official bill for documents to complete your registration – and may even include what looks like a government seal. To convince you it’s legit, the mailer may include your business identification number. To get you to pay, the mailer claims that you need to hurry up and pay or you could be in legal hot water.

But here’s the thing: the people behind the mailers are not from the government and you probably don’t need the paperwork they’re talking about, at least not to complete your registration. At best, you’ll get overcharged. At worst, they could be scammers who steal your money or account information. What can you do to steer clear of these schemes?

Blog Topics: 
Money & Credit