Fraud is finding it’s way into all aspects of our lives. Students are being warned to use caution when it comes to scholarships or financial assistance for college. The Better Business Bureau points out firms that ask for an upfront fee to secure financial assistance are most likely fraudulent. Students should set up meetings with college counselors or financial aid offices before paying any fees.
There are now many companies associated with a telemarketing scheme where consumers seeking health insurance were being scammed into paying for discount medical plans that were not insurance. The Federal Trade Commission has brought to light these accusations and some companies that are responsible, like FTC, Health Care One, Americans4Healthcare Inc., Elite Business Solutions Inc. and Mile High Enterprise Inc.
John A. Geringer has been accused by the Securities and Exchange Commission of making false statements about returns to his clients and how their money would be invested. Geringer managed GLR Growth Fund in Scotts Valley and raised more than $60 million from investors by telling them that his fund made between 17% and 25% annual profits when his investments were actually losing money.
Fraud expert, Linda Webb, aka The Fraud Dog says that fraudsters will go to great lengths to offer any type of scam you need. It is like going to a restaurant and picking right from a “scam menu”. Whether is it offering you affordable health care, too-good-to-be-true investments or helping your child go to college through fraudulent funded student loan financial help programs, the fraudster has the right scam just for you. The fraudster typically offers that one desperate thing you may need. It is just a matter of figuring out what you need and the fraudster is first in line offering you the opportunity of a lifetime. For example, going to file your IRS refunds, only to find the fraudster has filed your tax refund for you. Looking for a rental property, sure thing, says the fraudster, I have an amazing property just for you, even if they don’t own it. How about painkillers made up of sawdust or maybe even buying fish in a fish market that really isn’t fish at all. Let’s face it the fraudster is everywhere, offering you anything you need. Don’t you think it is time we all joined forces and stopped the fraudster together? America it is time to say we have had enough of the fraudsters’ tactics. Even Buster, Linda’s fraud fighting dog, was offered up some tasty fraud, only to find that the fraudster was even willing to scam a dog. Grrrrr says Buster, just another day in the life of fighting fraud.
To report potentially fraudulent activity, contact Linda Webb aka The Fraud Dog, leading fraud expert at 1-855-FRAUD-DOG.