Business Opportunity Work-At-Home Scams
by Home-Based-Businesses-Blog ~ February 21st, 2010
Business Opportunity and Work-At-Home ScamsAs self-employment and working from home opportunities advance in the last 10 years, so do the schemes that promise a immediate riches and financial freedom quickly! Unfortunately, villains are behind the fraudulent get rich quick scams that fool so many wanting to believe the schemes to be true. Over the last 5 to 7 years, many aspiring entrepreneurs have embarked upon home based work at home business ventures in hopes to launch their small businesses. Offenders target consumers seeking information to start-up or purchase a lucrative business opportunity or even franchise. Business Opportunity and Work-At-Home Scams have earned swindlers millions of dollars. Fraudulent promoters develop business opportunity scams and work-at-home illegal components for consumers to invest their own funds in start-up enterprises that are bogus. Deceptive promoters many times will use the classifieds to place false work opportunity advertisements offering business start-ups, business-kits, and self-contracting jobs. The FTC states the following, "Consumers who contact these advertisers then are sold "business plans" for enterprises such as operating vending machines, distributing products, or servicing pay phone and fax machines. They can supposedly capitalize and operate these businesses with minimal training to produce substantial earnings." Victims of these scams and or unprofitable business plans can be devastating, not only in terms of the dollars they lose, but also in the time they invest in unprofitable enterprises. Entrepreneurs interested in becoming involved and or purchasing a Franchise should be aware of the Franchise Rule. Franchisors are required to give investors a disclosure document at least 10 days prior to the purchase/sale of a franchise. Civil penalties on franchisors who fail to comply with the Rule are penalized. The FTC has brought more than 125 cases against companies violating this Rule. Quote fromFTC, "In case after case, the FTC alleged that defendants made material misrepresentations, leading consumers into paying for business opportunities without telling them the true profitability and risk of the venture. Computers and the Internet play a large part in scam operators. Scams and fraudulent business opportunities easily run from website pages across cyberspace luring consumers into a variety of deceitful business shams. Computers can provide a headquarters for falsified business opportunity promoters. Job Placement Scams artists routinely place "Help Wanted" ads in national newspapers. These ads are indistinguishable from legitimate job search agencies and other employers. Scam artists specialize in targeting college graduates and other professionals with false claims. These scam artists advise their clients they will be connected up with Fortune 500 companies, the federal government, and major commercial travel carriers, such as cruise ships and airlines. In fact, these schemes rarely provide jobs. Naturally, scammers refuse to refund processing and finder's fees originally charged to the consumers. Additionally, there is a serious breach of consumer personal financial information and the scammers can debit the consumers' bank accounts or charge their credit cards without authorization or providing any services. Fraud promoters know that consumers seeking work or supplemental income are eager to believe promises of lucrative business opportunities, work-at-home ventures, or guaranteed job placement. As a result, these schemes may never disappear completely from the fraud marketplace. Broad-based law enforcement and education efforts must continue to target this persistent type of fraud. You can review the latest news and FTC resolutions at the Public Affairs Newsroom site. Office of Public Affairs
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To Be Continued…..
Kindest Regards, B. Robert
http://www.brendarobert.com
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