FTC Video: An Inside Look At Business Opportunity Fraud

By Pinyo, on July 1, 2009

Our society is filled with con artists who are promising people a lifeline through jobs, recession-proof income, and access to free government grant money. They are bleeding money from individuals like you and me, and from the economy as a whole. The Federal Trade Commission is cracking down on scammers trying to take advantage of the economic downturn and recently released a new video called: Fraud: An Inside Look.

In this video, Jim Vitali, a former telemarketer of fraudulent business opportunity helps consumers understand how easy it is to be conned — and how to avoid fraud. Jim gives an insider account of how these operations use high-pressure tactics and how consumers can protect themselves. The video also includes real consumers who fell for the pitch, recounting their stories. Here’s the video:

For more information, I encourage you to visit the Federal Trade Commission (www.ftc.gov). For more educational videos, visit FTCvideos Channel on YouTube.

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Pinyo is the brain behind Moolanomy personal finance blog and a few other web sites. If you like this article, please subscribe for free daily email updates.

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