Scams and fraud
Advertising
Sit down - we have something very important to tell you. There are no get rich quick schemes, instant diet remedies and, the elixir of eternal youth certainly does not exist - in any form. However, the Internet is teeming with "opportunities" to become wealthier, healthier, younger and more successful. Remember, "if it sounds to good to be true..." (we say that a lot - don't we?)
No matter where you find classified ads online, you are most likely to find some claims are not true
A lot of classified ads promote quick and easy weight-loss products and programs. They cannot deliver what they promise. Another hot area in the classifieds Ads are "business opportunities." Work at home schemes, such as making arts and crafts or stuffing envelopes, have been replaced by offers to "use your home PC to make fast money in your spare time." Other ads encourage customers to invest in communications technologies, such as telephone 900" numbers and telephone services, with promises of low-risk and high returns and The attraction of "900" number pay per call services is that high profit can be made of 25% or more from the fees of $3 to$5 per minute charged to callers by the 900 service providers. The company's promises on these investments are likely not to be true.
Disguised advertising"Disguised advertising," may be hard to recognize. Bulletin boards and chat forums may include areas where comments about the quality or performance of products or services may be disguised ads.
The Internet and online services provide bulletin boards where interested parties can exchange information in general topic areas. Individuals contributing to the bulletin board may have financial ties to companies or businesses that sell those products or services related to the bulletin board subject area. This may not be clear to the online user. What may seem to be an open discussion could be disguised sales pitches. Since the identities or affiliations of online bulletin board operators and participants may not be known, it could be hard to detect disguised advertising.
Some commercial online services also provide chat rooms or chat forums. Service subscribers can enter the rooms or forums for an online conversation by typing what they want to say. These forums provide discussions on a variety of subjects, including products and services. Some companies have used these chat forums to promote their products without claiming their interests.
Tip-offs to fraudRead online ads and conversations with a healthy dose of skepticism. The same things that tip you off to some scams and frauds in print and on television also appear in cyberspace. Here are some signs of questionable online advertising:
- Hyped up claims of product effectiveness. Use of the word "hot"
to describe an investment opportunity can indicate a scam. - Claims of potential high earnings or profit.
- Claims of "Inside" information.
- Company makes promises of cheap stocks making high returns
- Exotic investments promotions such as ostrich farming, gold
mining, or wireless cable TV.
When you make any decisions about products or investments, be careful. Check references and a variety of sources and before you buy.
If you have a question or complaint about an online ad or promotion, contact your commercial service provider and...
In the US
Contact the National Advertising Division of the Council of Better Business Bureaus, 845 Third Avenue, New York, NY 10022 or write to: Correspondence Branch, Federal Trade Commission, Washington, DC 20580.
Contact the Office of Consumer Affairs, Securities and Exchange Commission, (202) 942-7040 if you have questions about whether an investment sales person is licensed or an offered security is registered.
You also may file a complaint with your state Attorney General, the Federal Trade Commission, or local consumer protection office.
For all other countries try making a country specific search on Google for: "report advertising "
For example: http://www.google.com.au/ will let you search pages just from Australia. We will add more information for other countries as we compile it. If you can help with information, please contact us.