Wednesday, November 30, 2022

How 1800’s bunco artists scammed people’s money in the shell game; the tricks they used are still working

 analysis: Did the royal commission fix banking or are banks back to behaving badly?


Good news for a change!  Enforcement efforts by the FTC, FCC and DOJ seem to be making a difference. FTC releases annual report about Do Not Call list; robocalls down by half in 2022, from 3.4 million in 2021 to 1.8 million in 2022 
 
BBB updates online shopping fraud study; complaints and losses are very high
 



Consumer tip of the week:  Many people shop online for gifts at this time of year, and all too often the only method they use to make sure it is a real company that will ship the items actually advertised are online reviews.  Please alert the public that these are NOT reliable.  Reviews, even on supposedly independent sites, are often faked.  Check companies out at BBB.org, and be sure to use a credit card so you can challenge the transaction if it goes bad.

 
New links!
Fraud Studies: Here are links to the studies I’ve written for the Better Business Bureau: puppy fraudromance fraud; BEC fraudsweepstakes/lottery fraud,  tech support fraudromance fraud money mulescrooked movers, government impostersonline vehicle sale scamsrental fraud, gift cards,  free trial offer frauds,  job scams,  online shopping fraud, and crypto scams
 
Fraud News Around the worldHumor FTC and CFPB  Virus Benefit TheftSocial mediaBusiness Email compromise fraud Ransomware  Data Breaches Bitcoin and cryptocurrencyJamaica and Lottery FraudRomance Fraud and SextortionPeople:        
Former FTC Chairman Mike Pertschuk dies at 89