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The FTC didn’t send that sweepstakes letter

Here’s a scam with an FTC angle. The letter has an official-looking FTC seal and is signed by “FTC Director” Jessica Rich. It says someone at the FTC will help you claim a cash prize you’ve won, and will help ensure delivery. That is, after you pay off the more than $5,000 “Legal Registration Bond.”

The language might sound legal, and the letter might look legit. You might look up Jessica Rich and see she’s an actual FTC official. But the truth is, there’s nothing legal or official about it. It’s a fake letter designed to convince you to send money for a non-existent prize.  Continue Reading >

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Scam Alerts

Scammers play name game and get caught

Imitation may be the sincerest form of flattery, but sometimes it’s illegal. Just ask the people behind First Time Credit Solutions, who promoted their business as “FTC Credit Solutions” until the real Federal Trade Commission shut them down. The group claimed their credit repair firm was licensed by the FTC, and allegedly took thousands of dollars from people after promising to delete negative, but accurate, information from their credit reports. Continue Reading >

Operation Ruse Control

Shopping for a car can be fun and exciting. But wading through ads and promotions from car dealers also can be stressful. Some advertise unusually low prices, low or no up-front payments, low- or no-interest loans, or low monthly payments. But the FTC says to use caution: Not all dealers play by the rules. Continue Reading >

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