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Federal Trade Commission Goes After Recession Scam Artists

Federal Trade Commission logo.JPGJesus tells us that there is nothing worse than a false prophet. But that’s probably because he never met someone who was offering a fake job in the middle of a global economic recession.

If you’ve been laid off for any length of time, I’m sure you’ve seen these scam artists who offer great job leads, for a small fee. Some people have been willing to pay, only to find out that they might as well have sent their money to Nigeria to aid a distressed prince.

I don’t know what kind of depraved individual preys on people that have recently lost their job, but that’s just evil. That’s like telling somebody they can afford to own a home with no money down and giving them an interest rate that balloons in the out-years. Who does that?

Thankfully, the Federal Trade Commission is stepping in to try to stop this madness. Here’s its plan:

Today’s troubled economic waters are infested with a voracious school of sharks — con artists who are promising people a lifeline through jobs, recession-proof income, and access to free government grant money. They are bleeding money from individuals, and from the economy as a whole.

That’s why the Federal Trade Commission and its partners are moving aggressively through enforcement and education. On the education front, the nation’s consumer protection agency has produced a new video to help people learn how to spot a scam. It’s available at www.ftc.gov. The video features a former telemarketer of fraudulent business opportunities who explains exactly how he got people to part with their money, and two of his victims, as well.

I hope the FTC is able to help get these scam artists off the (virtual) street. Then I hope criminals receive 150 years in prison where they are attacked daily by Michael Vick’s dogs. Don’t tell young professionals like lawyers that they can get a job when everybody already knows that they can’t. Bastards.

Check out the video, after the jump.

Aside from the obvious “if somebody promises you a job, they are lying,” method of avoiding these scams, here are some other tips from the FTC:

In all seriousness, watch out for these scams.

Scam Watch [Federal Trade Commission]

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