Savvy Consumer Information Center - Scams and Frauds
Savvy Consumer Information Center - Scams and
Here are some of the
latest Scams, Frauds, and Consumer Abuse items in the news.
Cars - Computers -
Employment - Family - Federal Programs - Food
Health - Housing - Money - Small Business - Travel - And
Canadian Telemarketing Scam - 'British Premium
Savings Bond' Scheme Targeted Seniors -
Law enforcement authorities on both sides of the border have moved to halt a Vancouver-based telemarketing scam
targeting senior citizens in the United States. The FTC charged that the telemarketers, who operated under a variety of
names called consumers guaranteeing substantial monthly payments between $5,000 and $12,000 in return for a one-
time payment of up to $5,000. Alternately, the telemarketers called claiming to be marketing bonds -- in some cases
British Premium Savings Bonds -- purchase of which would qualify consumers for cash prizes, monthly cash payments
or bond investments with the chance to participate in monthly drawings for cash prizes.
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