Friday, March 13, 2009

Stimulus Scams

Stimulus Scams

With talk of multi-billion dollar stimulus plans ruling the news, it's no surprise a new round of stimulus scams are afoot. Scam artists are already using luring headlines to reel in unsuspecting consumers. You've possibly seen the ads - they feature photos of President Obama and Vice President Biden and claim anyone who applies can get free money. They claim the stimulus package provides for easy-to-get grants for virtually anyone who registers. They offer compelling testimonials describing people who used grant money to pay off their mortgages or fix their homes. The Federal Trade Commission is warning people the promise of stimulus money in return for a fee or financial information is always a scam.

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