More than 1 in 10 fall victim to fraud
- Blog Post by: Jane Friedmann
- April 24, 2013 - 4:37 PM
Nearly 11 percent of U.S. adults paid for fraudulent products and services in 2011, according to a Federal Trade Commission report just made public.
About 5 million people bought products that falsely promised weight loss without diet or exercise.
About 2.4 million spent money or went to a presentation on the promise of a prize, money or a free vacation, but they never got the goods.
Four million or so were billed for services they hadn’t agreed to buy, often by companies they’d never done business with.
About 1.8 million paid for programs that claimed a certain income from home-based businesses, but earnings fell short.
The Internet was the most-reported source for fraudulent solicitations. Click here to read the full report.
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