As financial scams evolve to keep pace with the changing American economy, it is important that consumers educate themselves about common scams. Here are five steps you can take to avoid becoming the victim of financial fraud.
Even as many Americans struggle to make ends meet, scammers are plotting all sorts of sneaky ways to rob them of their money -- and in millions of cases, they succeed. When it comes to these cons, the best offense is a smart defense, so here's an intro course in how to spot the latest scams.
Millions of Americans fall victim to financial scams every year, and since the downturn began, many of those cons have been tailored to lure those suffering the most in our shaky economy: work-at-home schemes, fake mortgage modification services, fraudulent job opportunities and a host of unpleasant others.