FTC Fraud Forum

This morning, the Federal Trade Commission will kick off its two-day Fraud Forum, a free two-day event hosted by the federal agency to examine how the FTC can more effectively protect consumers from fraudulent schemes.

As y’all know, fraud protection is near and dear to our hearts over at the National Consumers League. We operate NCL’s Fraud Center, which tracks scams as they’re reported to us by consumers and relays trend information to relevant law enforcement.

The first day of the FTC’s Forum will be open to the public and will provide an opportunity for law enforcement, consumer advocates, business representatives and academics to look at just how big of a problem fraud is in our current economy, what drives con artists to do what they do, how victims are targeted, and whether certain types of consumers are more vulnerable than others, and more. Day Two of the event is open only to law enforcement officials, and they’ll grapple with how they can better collaborate to catch the crooks.

If you’re not planning to attend the forum, you can still be a part of it – the FTC will be streaming today’s panels online. Savvy Consumer contributor John Breyault, who runs NCL’s Fraud Center, will be speaking on a panel about under-reported fraud. Check him out at 11 am here at the Webcast.

Advertisements

2 thoughts on “FTC Fraud Forum

  1. WOW people, its finally here! Ripoffgu….sorry, “freeadguru” Stephan Ducharme – you know him, he’s the man with just about the worst reputation on the internet – has his new “amazing” site up and running – uvioo.com right from the get-go its scam scam scam as he promises free cash to refer people on his youtube clone like website. Can you say Madoff? And this time, he’s teaming up with another young soon-to-be con man just like him, Michael Menard.

    Basically, his uvioo website works by asking its visitor 39$ per year to make 7$ per referral. As you may already know, this practice is called a Ponzi since he uses other people’s money to pay his member’s commission. And it all goes back to the same old pyramid scheme we all saw people lose cash into.

    I’ve bought stuff from this guy before, when I didn’t know he was a ripper. His e-book “how to get 1 million visitors to your site” has had tons of reviews saying it is over-hyped trash with nothing new in it. His “my affiliate finder” software spams newsgroups and never gets you any hits on your site anyway.

    And to cap it all, they don’t do refunds. There are posts everywhere on the net about refund requests being ignored (I got mine direct from click bank though!).

    They also phone you shortly after you order something and put on a very hard sell which results in you handing over credit card info and $1000’s in some cases. I somehow got tricked into giving them $1005. When I realized it was all a big con I rang them and for a week they dragged out giving me a refund without actually saying no, so I gave up and got Mastercard on to it. Thankfully a month later they got me a refund of the full amount. But obviously others won’t have been so fortunate.

    So, DO NOT DO NOT DO NOT get involved with this new site he has. But do look at it for your own amusement as its just the same old BS promising the moon on a stick. 🙄

    Stephan Ducharme:

    Michael Menard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s