is not a real business
opportunity. This ad is a fake,
posted by the Federal Trade Commission
to warn consumers to think twice before sinking
their money into what might be a rip-off.
Some ads like this take consumers' cash up front and then fail to
deliver on their promises of big profits. If you're thinking of investing in
a business opportunity based in or out of your home, what can you do to spot
potentially fraudulent offers?
Before you buy into any business opportunities, check out the FTC's publications on
- Steer clear of promotions
that promise big money for little effort. Fraudulent
ads use similar
bait: Fast cash. Minimal work. No risk. And
the advantage of being your own boss or working from home.
- Check the paperwork
carefully. The law requires business promoters to give
you a disclosure document before
you sign a contract or pay
a fee. Read it closely. If the promoter doesn't make this document
readily available, it's
a sign that it may be a scam.
- Talk to current
investors. Visit their businesses in person and ask questions
- lots of them.
Be aware of "shills," people who are paid to
lie for the promoter. Get professional advice if you
Don't lose your life savings just because you didn't spend a
few hundred dollars to talk
to a lawyer, accountant or other
and this Biz-Opps E-card.