As part of the Federal Trade Commission's ongoing efforts to stop scammers who target older people, the operator of a bogus precious metals telemarketing scheme that bilked millions of dollars from them is permanently banned from selling any investment opportunity under a settlement with the agency.
Sunday marks the 16th annual National Consumer Protection Week. The Federal Trade Commission stands with 74 federal, state and local agencies and organizations to stand up for consumers by highlighting the very best in consumer education resources.
Ever thought about responding to an enticing email or ad saying you could make money working from home? Then you might be interested to hear about the FTC’s case against the Coaching Department and its related companies, which the FTC alleges strung people along in a three-part scam that raked in tens of millions of dollars. For out-of-work people who got caught up in this business opportunity scam, it was a problem that went from bad to worse.
Free grants for regular people? The chance at some string-free money might seem like a godsend. But promises of free grants are just another scam to get your money.
That was the case with Cash Grant Institute, the FTC says. In fact, the man behind the scam — Paul Navestad — was ordered to pay more than $20 million. But he didn’t. So today the FTC announced that a federal judge has ordered Navestad to be jailed until he pays up.
It sounds pretty good: you walk into a store like any other customer. Then 20 minutes later, you’re done, ready to write a report that will earn you $50. And then you can do it again.
If Shopper Systems and some companies like it were to be believed, mystery shopping jobs like this were not only widely available, but could generate “insane profit.” All for just $2.95 for training and a week’s trial, then $49.95 a month after that for an up-to-date list of interested retailers — and you’d be free to cancel any time.
Veterans and their families deserve truthful information when choosing how and where to use their military education benefits. Are you getting the straight scoop on what your program will cost, the likelihood of graduating and the chances for getting a job in your field? If you’re not getting the information you need to make an informed decision, the FTC and its agency partners want to know.
Quick. In 2012, what was the number one complaint submitted to the FTC?
You guessed it: Identity theft. And it has been the number one complaint for 13 years straight.
That makes Data Privacy Day the ideal time to think about how you can protect your identity.
Latanya Sweeney, the FTC’s Chief Technologist, recently told us that something as simple as an online resume could be a treasure trove for identity thieves. It turns out that a web search can reveal the names, Social Security numbers, and birthdates of thousands of people because this information appears in many online resumes.
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.