Are You a Target for Consumer Fraud?


Many people are under the false assumption that consumer fraud simply cannot happen to them. Unfortunately, the statistics on consumer fraud speak for themselves, and many extremely intelligent people, including savvy business owners and successful professionals, have indeed been victims of consumer fraud.

There are many situations that present a potential to be defrauded, including but not limited to interactions via: telephone, snail mail, and on the Internet. In fact, it is even possible to be defrauded in person; completing a face-to-face deal with someone does not eradicate the importance of being alert for potential scam artists. Some of them are so good at what they do that they can convince almost anyone to give them their hard-earned money.

A mind blowing $343 million have been lost in the past 12 months due to consumer fraud. The actual number may be even higher, due to some instances of fraud going unreported.

Many people are unaware of the potential for being defrauded in simple everyday situations, such as signing up for a magazine subscription or making an average purchase online. The definition of consumer fraud ranges from being duped to pay a higher than necessary rate on a variety of items and services, to the more severe end of the spectrum, which involves identity theft.

In general, we (as a society) are much more aware of the constant potential of being scammed, and technological advances have prevented some cases of Internet fraud, but not all. In order to be avoid being a victim of consumer fraud, there are certain things you can do.

For instance, avoid giving your credit card number, social security number or any other important financial information over the phone, through the mail or on the Internet unless you have initiated the contact and are certain of the person or institution with whom you are dealing.

Be on the lookout for sure signs of consumer fraud such as: using high-pressure wording like, “Act now or miss this opportunity!” Be very wary of any business demanding payment upfront, especially if you have been told you’ve won something, but you must make a payment to claim your prize. The chances of prize claiming scenarios turning out to be consumer fraud are nearly 100%.

And finally, if something sounds too good to be true (that you will make millions of dollars or a huge amount of profit with zero risks involved), you should walk away from that potential dealing immediately. Nobody gets rich quick – it’s that simple.

With all of this being said, if you have already been a victim of consumer fraud, or fear that you might have been, Veitengruber Law specializes in writing these types of wrongs by seeking out the scam artist and meeting him in court. You’ll need high quality help fighting consumer fraud, and you’ll want someone who has experience dealing with hustlers. We will help you get the results that you deserve. Like us on Facebook and your consultation will be free of charge!

Photo courtesy of Andres Rueda

3 Responses to Are You a Target for Consumer Fraud?

  1. Pingback: Wisdom Wednesday: How to Avoid Identity Theft | Veitengruber Law

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  3. Pingback: Why Do I Need an EMV-Enabled Credit Card? | Veitengruber Law

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