Business Opportunity or "Work-at-Home" Schemes
Con artists often use the Internet to advertise supposed business opportunities that allow individuals to earn thousands of dollars a month in "work-at-home" ventures. These schemes typically require the individuals to pay nominal to substantial sums for the "business plans" or other materials. The fraudsters then fail to deliver the promised materials, provide inadequate information to make a viable business, or provide information readily available for free or a substantially lower cost elsewhere.
In one such scheme, after paying a registration fee the victim will be sent advice on how to place ads, similar to the one that recruited him, in order to recruit others. This is a form of Ponzi scheme.
Another work-at-home scam involves kits for small doodads such as CD cases to be assembled by the victim in their home. The victim pays a fee for the kit, but after assembling and returning the item, the scammer rejects it as substandard, refusing to reimburse the victim for the cost of the kit. Variations on this scam include work on directories, stuffing envelopes, doing medical billing or data entry, or reading books for money.
Read more about this topic: Internet Fraud
Famous quotes containing the words business, opportunity and/or schemes:
“To business that we love we rise betime,
And go to’t with delight.”
—William Shakespeare (1564–1616)
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—James P. Comer (20th century)
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—James Conant (1893–1978)