International Law

Selling fraudulent business opportunities

Image via Wikipedia

The Arizona AG is warning about biz op scams.

Selling fraudulent business opportunities is nothing new.

But the scammers have gotten more sophisticated. No longer are you being asked to stuff envelopes or being told just by giving up some money, you'll make more.

No, these days the product is the internet and Arizona Attorney General Terry Goddard has seen a lot.

"So many people don't understand the internet. They know a lot of people are making money on it. They'd like to have some of that money, " Goddard says.

Goddard says business opportunity scams have risen to the top of his complaint list.

It works like this. You get a call or e-mail to own an internet portal. You can sell whatever you want on the web.

You'll make tens of thousands.

But, after you invest thousands and get no business, they want even more money to advertise your site.

Goddard recently busted what he calls a similar telemarketing scheme."

Unfortunately, there is not much information at the Arizona AG's website about how to avoid these types of scams.

Full post as published by Misleading Advertising Law on October 17, 2008 (boomark / email).