Telephone Hucksters: hang up quickly

A federal report shows that American consumers lose more than $40 billion a year to telemarketing fraud. It’s no wonder that con artists in foreign countries want in on the action. In many cases, crooks are sitting across the border - just far enough away from U.S. laws and jurisdiction to reduce the chances that American victims will ever recover their money. These frauds include Credit Card Loss Protection Offers that “inform” you that you are no longer protected by the $50.00 cap on unauthorized use of your card. That’s simply not true. Another scam are the Advance-Fee Loan “Sharks” who offer you a loan on the condition that you make an up-front payment. When you give your credit card info, your card is charged and you never hear from the huckster again. Full story.