FTC Announces Massive Biz Opps Crackdown
The Federal Trade Commission today announced "Operation Empty Promises", a major bust of business opportunity scams. The con is old fashioned, but the scale of the roll-up is breathtaking. The only problem is there’s more fraud where that came from.
- FTC, Justice targeting fraudulent business opportunity scams
- Many scams promise lucrative Internet or work-from-home offers
- Resist high-pressure tactics, do your homework
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Frauds Profit from Tough Economy
“Operation Empty Promises” includes civil actions by the FTC and the Postal Inspection Service and criminal cases filed by the Justice Department. It targets sales of worthless business opportunities and services. Consumers must wise up to "automated wealth systems" and "cash flow machines." If you came up with a legitimate way to make lots of money, would you turn to selling it to others, or just keep on making lots of money?
The ultimate scam and chutzpah awards go to Business Recovery Services, LLC. For fees ranging up to $499, BRS promised to help consumers recover money they had already lost to fraudulent business opportunity scams! At least these guys have a sense of irony.
Before you agree to any offers like these, please check out FTC’s Business Opportunities site. If you’re already in one, make sure it’s not on the "Empty Promises" list. And if any of these "business models" look familiar, start asking some hard questions and keep your wallet shut tight.
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