Top Product Ratings:  TVs  |  Digital Cameras  |  Washing Machines  |  Vacuum Cleaners  |  GPS  |  SUVs  |  Car Seats  |  Strollers
| More
Work-at-home schemes don't pay
Sep 2, 2009 1:21 PM
Get_rich_fast Would you fall for this nonsense?

Last March, I intentionally played dumb and signed up for several suspicious-looking work-at-home schemes to report and write a Consumer Reports Money article, “Beware of work-at-home stings.”

When you give your name, address, and credit card number to the promoters of get-rich-quick come-ons, they may sell your name to other scammers in search of an easy mark. Before last March, I don’t recall receiving any such offers. In the four and a half months since, however, I’ve received about a hundred print letters, postcards, catalogs, emails, and telemarketing calls promising riches without much work. So I guess I’m now a hot new prospect on the fraud industry’s sucker lists.

Among my mailbag of outrageous promises, tired cliches, and bad photos of “satisfied” customers were these most transparent claims:

  • “Please keep what I tell you a secret…There has existed for many years an exclusive association, a secret society, of some of the world’s most famous and powerful people…This association has uncovered some shockingly powerful secrets…The association has analyzed your profile…It seems you, Jeffrey, possess several rare traits we are searching for. Because of these traits…you are eligible to become part of our exclusive club and to share our Greatest Kept Secrets, too, absolutely free!”
  • “The worse the economy gets, the MORE money you make…[This business] has all the perks of your own business…no boss…no commute…no ‘office hours’…all the vacation you want…You can sit home and relax while you do this. It’s no wonder many people who do this make well over $100,000 every year!”
  • “When my wife, my son, and I were driving to Texas to pursue my dream of investing in real estate, I made a promise to my wife, Veronica, that if I ever became successful, I would share what I learned with other people like you…[about] my easy system for flipping houses.”
  • “I went from dead-broke to $50,000 a week in three months mailing cheap little postcards, and I’m convinced you can copy what I’m doing. If not, I’ll personally FedEx you a $500 check just for trying!”
  • “A unique and daring idea turned a lazy teenager into a multi-millionaire…It’s given me a magnificent seven-bedroom house in sunny California worth over $2.5 million—100 percent paid for. It’s given me not just one but three cars: a brand new custom built Hummer H2, a Jaguar sports convertible, and a brand new flying spur Bentley. In addition, I recently bought a lush 335-acre property in beautiful Costa Rica where I’m building my ‘vacation retreat.’ I paid $2.8 million for it—all cash! I even have my own corporate jet which I fly there myself!...My goal in life is now dedicated to helping others earn as much money as they need to achieve a luxurious lifestyle. THIS MEANS YOU!”
As easy as it is to see through these come-ons, sadly, bad guys rope more than 3 million consumers into bogus distributorships, work-at-home plans, franchises, pyramid schemes, and business opportunity scams each year, according to a 2007 Federal Trade Commission survey. People most at risk of being conned by all types of fraudsters include some of America’s most vulnerable groups, who have more debt than can comfortably handle, earn less than $40,000 a year, have great expectations that their income will be “much higher” in the next three years, didn’t graduate from high school, are age 25 to 34, and/or are minorities.

Has someone among your family and friends fallen prey to a scam artist? Briefly tell us their story, how much they lost, and your theory about how and why they fell for it--but please leave out the last name of the victim as well as the name of the alleged perpetrator (we’ll remove those if you forget).—Jeff Blyskal

Post a comment

Comments:

13
Expand All
Collapse All

Nobody Tests Like We Do

Our testers put 100s of products through their paces at our National Testing and Research Center. Learn more about how we test for:

  • Performance
  • Safety
  • Reliability