Showing posts with label scam. Show all posts
Showing posts with label scam. Show all posts

Wednesday, April 15, 2009

Beware Of Telephone Relay Fraud

The Better Business Bureau warns small business owners that reports of scammers plying their trade through telephone relay services — typically used by the hearing impaired to make phone calls — are cropping up all across the country.

BBB has received reports from many types of businesses that received suspicious orders through TTY or telephone relay services. These services are meant to assist the hearing impaired in making telephone calls and often rely on an operator who relays a typed message from the caller to the business. Because, by law, the operator is not allowed to disclose the origin of the call, this service allows the scammers to hide their identity.

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Wednesday, March 25, 2009

Stimulus Grant Scams

Tough economic times make fertile breeding ground for scammers and this recession is no different.

Since the $787 billion stimulus bill became law in February, dozens of websites have popped up offering advice for a fee on how to get government grants on everything from small business initiatives to paying off student loan debt.

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Thursday, March 12, 2009

Small Business Loan Scams

Small business loans scams are on the rise. Unscrupulous "loan brokers" are targeting business owners when they are at their most vulnerable: when they need money. Here are some of the more prevalent scams and some tips at avoiding them.

One popular con is the "advance fee scam." Someone claiming to be a loan broker asks for an up-front processing fee that can be as high as $3,000. If you pay the fee, you will never hear from the fraudulent broker again.

But money is not the only thing these criminals are after; many scam artists are after your personal information. These phony brokers generally promise low rates or instant approvals to entice you to apply. With this application, they have your Social Security number, credit card numbers, and bank account information to use for their nefarious purposes.

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