Thursday, March 31, 2011

Scams

Had a cautionary tale passed back to us in one of the groups.  I’m going to eliminate names, but you’ll get the idea. 

First, let’s be honest about the situation of someone who’s unemployed.  I’m pretty disciplined about avoiding talking about how bad things can be, but we all know it can be very very scary.  That fear is the lever scam artists use.   This is the second real scam I’ve seen in the last couple of years and they have some stuff in common:

·         The hook for both is money fears.
   o   The first one promised to “reduce your debt and your payments”
   o   The second one promised “easy money”
·         Both offered significant (bogus) testimonials

In one case, it was all about refinancing your house and using that as collateral.  When we investigated, what we found were lots of complaints, people losing their homes and no one getting any money from the scam except the artist.  My guess is that this is even illegal, but given how fast the perpetrators move, I doubt anyone is getting their money back and I doubt anyone has gone to jail.

The other case promises to make you a “professional model” and that you will be paid “thousands” within xxx amount of time.  This one is legal, after all they really will take your picture.

Both require you pay them first.  Guess what happens next…. 


Nothing.

At least nothing that will benefit you in any way shape or form.
Without belaboring the point, remember that if it seems too good to be true, it is.

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