Mind your business (opportunity)

Many people dream about being their own boss. Controlling their own schedule, running things their way, and being in charge of their own earning potential? What’s not to love?

Chasing that dream wisely, though, means knowing the difference between a legitimate opportunity and a scam.

The FTC, working with other federal and state agencies, has cracked down on fraudsters targeting the unemployed and underemployed with bogus promises of big bucks through work-at-home opportunities. The Online Entrepreneur is the latest in a long list of companies stopped in their tracks by law enforcers.

The Online Entrepreneur allegedly swindled consumers by selling them a program providing websites that the company promised would enable them to earn lots of money through affiliate marketing with the likes of Prada, Sony, Louis Vuitton and Verizon. However, after buying this “Six Figure Program” for $27, people discovered they then had to pay $100 or more in additional costs just to set up their websites.  

The settlement bans The Online Entrepreneur from selling business and work-at-home opportunities. The court halted the allegedly deceptive practices, froze the defendants’ assets, and put the companies behind the scam into receivership pending a court hearing. 

Learn how to spot a bogus business opportunity and watch the video below on law enforcement efforts to stop those who prey on consumers trying to earn a living. And, please, file a complaint with the FTC if you suspect you’re being taken in by a business opportunity scam

 

 

Blog Topics: 
Jobs & Making Money

Comments

I am not bothered by this scam. I am bothered by a caller offering to lower my credit card interest rates. When I push a phone button to continue. I get cut off

Hi lyle,

Please read this article on credit card interest rate reduction scams before you talk to this caller or anyone else pitching this kind of offer. The article includes tips on how to reduce or settle credit card debt through legitimate means.

And if you find out this is a scam, please file a complaint with the FTC.

-Lisa

Hi Lyle, that very thing happens to me all the time! one day last week 3 calls and as soon as they find out I am broke, hang up, but 3 times in one day! come on man! sad in spring

they do not run my family's life they cant run anyone's family's life either they must run their own on their own themselves.. I do the same too..they are NOT my boss I am not their boss either.. they cannot have those with anyones names that does not belong to them, they ruined the humanity life and everything so they must mind their own business I do same too. they are scammers and thieves for money they ripped people off many has died without food, shelters no jobs, that is not fair to everyone, they think for themselves they cant do that.. they have NO respects nooo.. Respect everyone.. thank you

What company exactly were you pinpointing here? I'm just curious because believe me I understand the feeling of getting scammed. What happen to telling the truth, the WHOLE truth and nothing BUT the truth so HELP YOU GOD!.......??? Humans? Breaking oaths, justice must be served, I see so many rights of the American citizens being violated, even by our own law, whom we should trust. Makes me sometimes not proud to be a American. So sad to say. I love the true meaning that America represents. I believe FREEDOM, TRUE FREEDOM, IS SOMETHING WORTH FIGHTING FOR.AND FELLOW mankind is what I represent.

Thank you for providing us with such valuable information!

We're so glad it's useful to you, gravesd!

Thank You for keeping us aware! Your right their are too many scams out there.

You're quite welcome...and quite right, spboike. Please visit us here often to keep abreast of the latest consumer news and tips.

Scammers is some people who they working for the government and they do deliberately the frauds and the illegal acts to make people to lose their business and to be destroy without the Federal Trade Commissionerto give us any help because to my knowledge they are conspirators. from my expirience whatever you have talk and write did not prove nothing from what is the reality, and why you do not want to put our email because you afraid to answer:many of you do frauds without us to find our rights so stop to prended for something you did not do to help.

Pages

Leave a Comment

Comment Policy

Read Our Privacy Act Statement

It is your choice whether to submit a comment. If you do, you must create a user name, or we will not post your comment. The Federal Trade Commission Act authorizes this information collection for purposes of managing online comments. Comments and user names are part of the Federal Trade Commission’s (FTC) public records system, and user names also are part of the FTC’s computer user records system. We may routinely use these records as described in the FTC’s Privacy Act system notices. For more information on how the FTC handles information that we collect, please read our privacy policy.