FTC Survey Shows Advance-Fee Scams Top the List of Consumer
United States and Canadian law enforcers have joined forces to
target a scam that affects millions of consumers a year, bilking each of them out of hundreds of dollars
or more, for loans they never get. The 'loans' are promoted by Ontario-based telemarketers who
target U.S. citizens by running ads in U.S. newspapers that they pay for with stolen or compromised
credit cards. The sales pitches entice consumers with promises of 'guaranteed' loans or credit cards
regardless of a consumer’s credit history. When applying for these services, consumers often are asked
to wire hundreds of dollars to Canadian addresses.
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Frauds