June 16, 2024
The FTC Steps Up Efforts Against Scams That Target Financially-Strapped Consumers. Learn more about how to avoid falling victim to these scams at http://www.ftc.gov/bizopps

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Transcript:
Operation Empty Promises is part of the ftc’s continuing effort to crack down on scammers who sell bogus business opportunities, fradulent work at home schemes, and worthless job listings.

One of really heart breaking things about our job is we hear over and over from consumers who tell us that mere minutes after they gave someone their credit card information, they did a simple internet search and they found stories made them break out in a cold sweat.

Most people have read or heard about the latest succesful new businesses on the internet. But not everyone has heard about the businesses that fail and the reasons why they fail. Scammers try to take advantage of this by creating the impression that the internet is a magic place where you can easily make money without putting in hard work or without having a solid business plan. If you’re getting promises like that, its a great sign youre dealing with a scammer.

Scammers want to create an impression that if you dont buy immediatley, youre going to miss out on a valueable opportunity. They want you to give up your bank or credit card information before you had an opportunity to look into their claims or talk to other people who have had experiences with the company. This is a classic sign of fraud.

If someone is creating a high pressure atmosphere for you, you should walk away and do your research before you buy.

You should never rely on a refund policy or a money back guarantee as a substitute for researching the offer that has been presented to you.

If someone is promising you that you are going to earn a lot of money, but theyre being vague about what you would do or how you would earn it, that is a sign of fraud. In the online business context that may mean that theyre telling you that youre going to make a lot of money with a succesful business but theyre not telling you what you would sell, how people would come to your website, or what your expenses would be. They may tell you that you dont need to know these details because they are going to take care of everything. Dont trust those claims, you need to be involved in your own business.
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The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.

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