Avoiding Consumer Fraud
Author: Roger H. Schmedlen, CPP, CFE, CII, MIPI.
Source: Volume 03, Number 03, January/February 2002 , pp.35-37(3)
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Abstract:
Consumer fraud is rampant in America. The FBI estimates there are 14,000 separate illegal telephone sales operations defrauding consumers in the United States every day. The Better Business Bureau reports that consumers lose an estimated $40 billion a year through telemarketing fraud alone and a Louis Harris Survey conducted for the National Consumers League found that 92% of adults in the United States reported receiving fraudulent telephone offers. The following are some of the more successful frauds being targeted at colleges and college students today.Keywords: Nigerian Letter; Chain Letters; College Campus Card scam; Internet “spam” scams;
Affiliations:
1: Loss Prevention Concepts, Ltd..