DailyFinance.comhttp://www.dailyfinance.comDailyFinance.comhttp://o.aolcdn.com/os/df/2013/img/2-dailyfinance_logo_m.pngDailyFinance.comhttp://www.dailyfinance.comen-usCopyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only.Blogsmith http://www.blogsmith.com/Children's Products Safer, Group Says in Reporthttp://www.dailyfinance.com/2011/04/15/childrens-products-safer-group-says-in-report/http://www.dailyfinance.com/2011/04/15/childrens-products-safer-group-says-in-report/http://www.dailyfinance.com/2011/04/15/childrens-products-safer-group-says-in-report/#commentsFiled under: ,

doll in crib, baby monitorLast year, the federal government made substantial progress in the regulation of thousands of children's products, child safety advocacy group Kids in Danger (KID) stated in its 2010 annual report on recalls and other actions by the U.S. Consumer Product Safety Commission.

"It seems CPSC is acting a little quicker than [in] 2009 when there were over 4,000 incidents, including two recalls with more than 1,300 reports each of a hazard and six more with more than 100 reports," the KID report stated.

But all the news wasn't good. While toy recalls were down from 2009 figures, the percentage of children's products recalled was up slightly last year, with 160 recalls. And there were 1,587 incidents related to these products before they were recalled.

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]]>ChildrensProductsCribBumpersCribsKidsinDangerSafetySafetyofChildrensProductsStrollersToysU.S.ConsumerProductSafetyCommissionRita R. RobisonFri, 15 Apr 2011 08:00:00 ESTPrescription Drug Manufacturer Settles Charges It Inflated Drug Priceshttp://www.dailyfinance.com/2011/04/14/prescription-drug-manufacturer-settles-charges-it-inflated-drug/http://www.dailyfinance.com/2011/04/14/prescription-drug-manufacturer-settles-charges-it-inflated-drug/http://www.dailyfinance.com/2011/04/14/prescription-drug-manufacturer-settles-charges-it-inflated-drug/#commentsFiled under:

PAR PharmaceuticalAs part of a recent settlement agreement, Par Pharmaceutical Cos. will pay $1.7 million to resolve the state of Idaho's charges that the company inflated their numbers -- once by more than 3,000 percent -- when reporting the wholesale prices of its drugs to the state.

The issue is a critical one because it involves a state government program, Idaho Medicaid, which provides health-care services, including prescription drugs, to low-income residents. Under state law, Idaho Medicaid is required to reimburse pharmacies at the "estimated acquisition cost" of the drug. Idaho Medicaid uses the "average wholesale price," as reported by drug manufacturers, to determine this amount, Idaho Attorney General Lawrence Wasden said in a statement.

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]]>AverageWholesalePriceIdahoAttorneyGeneralParPharmaceuticalCos.PrescriptionDrugsRita R. RobisonThu, 14 Apr 2011 08:30:00 ESTNew Phishing Scam: English Gentleman Needs a Tutor for His Sonhttp://www.dailyfinance.com/2011/04/13/new-phishing-scam-english-gentleman-needs-a-tutor-for-his-son/http://www.dailyfinance.com/2011/04/13/new-phishing-scam-english-gentleman-needs-a-tutor-for-his-son/http://www.dailyfinance.com/2011/04/13/new-phishing-scam-english-gentleman-needs-a-tutor-for-his-son/#commentsFiled under:

Phishing scamsIf you're unemployed and looking for a job, an email asking you to tutor a smart, 12-year-old English boy for $60 an hour may seem like a great deal.

But not all offers are as sweet as they sound. Consumers should be careful they don't fall prey to email scammers who are simply phishing for personal details about them. Sharing such information could put consumers at risk for identity theft and financial ruin, the New Mexico Attorney General's Office warned recently in a Consumer Advisory.

The following email is just one example of a scammer's attempt to fraudulently obtain the personal and private information of a "prospective tutor":

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]]>FraudsNewMexicoAttorneyGeneralPhishingScamsTutoringTutorsRita R. RobisonWed, 13 Apr 2011 10:00:00 ESTBeware of Work-at-Home Schemes That Promise Internet Richeshttp://www.dailyfinance.com/2011/04/12/beware-of-work-at-home-schemes-that-promise-internet-riches/http://www.dailyfinance.com/2011/04/12/beware-of-work-at-home-schemes-that-promise-internet-riches/http://www.dailyfinance.com/2011/04/12/beware-of-work-at-home-schemes-that-promise-internet-riches/#commentsFiled under: , ,

Work at home scheme promises richesIt sounds appealing, doesn't it? Set up your own Internet business, and make money from home. And you'll only have to pay $1,200 to $1,700 to learn how to do it.

Unfortunately, some offers are just to be good to be true. That's why Boise, Idaho-based Accelerated Mentoring, a company that sells Internet-based training, software and personal coaching to help consumers establish e-commerce businesses, recently entered into a settlement agreement that requires the company to change its business practices, Idaho Attorney General Lawrence Wasden said in a statement.

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]]>BetterBusinessBureauIdahoAttorneyGeneralsOfficeInternetwork at homeWork-at-HomeSchemesRita R. RobisonTue, 12 Apr 2011 08:00:00 ESTCable and Satellite TV, Cell Phones Top List of BBB Complaintshttp://www.dailyfinance.com/2011/04/11/cable-and-satellite-tv-cell-phones-top-list-of-bbb-complaints/http://www.dailyfinance.com/2011/04/11/cable-and-satellite-tv-cell-phones-top-list-of-bbb-complaints/http://www.dailyfinance.com/2011/04/11/cable-and-satellite-tv-cell-phones-top-list-of-bbb-complaints/#commentsFiled under:

Last year, consumers filed 1.1 million complaints with the Better Business Bureau (BBB) against North American businesses, a 10% increase over 2009.

"The complaints filed with BBB are not only a barometer of customer satisfaction, but the rise in complaints also shows that consumers are increasingly relying on BBB for assistance in resolving disputes with businesses," Stephen A. Cox, president and CEO of the Council of Better Business Bureaus said in a statement.

The largest number of complaints (30,985) were directed at the cable and satellite TV industry, a 5% decrease over the previous year. Ranking second, the cell phone industry generated 27,293 complaints, a 30% reduction over 2009 numbers. In third place, new car auto dealers received 24,698 complaints, an 8% decrease over the previous year.

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]]>BBB complaintsBetterBusinessBureaucable tv complaintsCableTvComplaintsCellPhoneComplaintsConsumerComplaintsConsumersNewCarDealerComplaintsTVComplaintsRita R. RobisonMon, 11 Apr 2011 08:00:00 ESTNot the Real Thing: Beware the Coca-Cola Foreign Lottery Scamhttp://www.dailyfinance.com/2011/04/06/not-the-real-thing-beware-the-coca-cola-foreign-lottery-scam/http://www.dailyfinance.com/2011/04/06/not-the-real-thing-beware-the-coca-cola-foreign-lottery-scam/http://www.dailyfinance.com/2011/04/06/not-the-real-thing-beware-the-coca-cola-foreign-lottery-scam/#commentsFiled under: ,

coca-cola phishingTypical words from a phishing scam: "You are among the lucky winners. Send your name, address, phone number, occupation, sex, age, and nationality to this email."

So what's unusual about this one? It tries to fool its victims by associating itself with one of the world's most recognized brands, claiming it's a "Coca-Cola Official Prize Notification."

The email page sports several convincing-looking logos, though it's written in the same stilted language as many similar scams that originate in Nigeria.

"The email takes advantage of Coca-Cola's well-recognized name and logo to convince consumers they've won a foreign lottery prize," the Better Business Bureau serving Alaska, Oregon and Western Washington said in a statement.

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]]>BetterBusinessBureauCoca-ColaemailScamsFederalTradeCommissionFraudsPhishingScamsRita R. RobisonWed, 06 Apr 2011 10:00:00 ESTTeeth-Whitening Offers Won't Leave Customers Smilinghttp://www.dailyfinance.com/2011/04/05/teeth-whitening-offers-wont-leave-customers-smiling/http://www.dailyfinance.com/2011/04/05/teeth-whitening-offers-wont-leave-customers-smiling/http://www.dailyfinance.com/2011/04/05/teeth-whitening-offers-wont-leave-customers-smiling/#commentsFiled under:

teeth whitening ripoffEven though they're everywhere, including in advertising on reputable news sites, online offers for the promise of that whiter, brighter smile should make consumers extremely wary, the Better Business Bureau warns.

Several online companies are offering free trials or enrollment programs to sell teeth-whitening products, but when consumers think they've been misled and experience difficulty getting refunds, they file complaints with the BBB.

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]]>BetterBusinessBureauConsumerProtectionConsumersteeth+bleachingteeth+whiteningteeth-whiteningteethbleachingTeethWhiteningRita R. RobisonTue, 05 Apr 2011 14:00:00 ESTInvestment Adviser Arrested in Nevada for Allegedly Swindling Couple Out of House Profitshttp://www.dailyfinance.com/2011/03/31/investment-adviser-arrested-in-nevada-for-allegedly-swindling-co/http://www.dailyfinance.com/2011/03/31/investment-adviser-arrested-in-nevada-for-allegedly-swindling-co/http://www.dailyfinance.com/2011/03/31/investment-adviser-arrested-in-nevada-for-allegedly-swindling-co/#commentsFiled under: , ,

magnifying glass on cash - investment fraudYou finally sold your home in the worst housing market the country has seen in decades, and you're never going to buy another one. You're looking for a safe investment and finally find someone you like to help you.

Time to relax, right? Wrong, if your investment adviser happened to be Richard Bernstein, whom authorities have arrested in Nevada on charges of securities fraud and felony theft.

"Consumers must research carefully any investment opportunity they are considering," said Nevada Attorney General Catherine Cortez Masto in a statement in conjunction with his arrest. "Scammers are only too happy to take money from unwary investors."

Continue reading Investment Adviser Arrested in Nevada for Allegedly Swindling Couple Out of House Profits


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]]>FraudInvestmentFraudInvestmentsNevadaAttorneyGeneralSecuritiesFraudRita R. RobisonThu, 31 Mar 2011 16:00:00 ESTBBB Sponsors National Document Shredding Day to Help Fight ID Thefthttp://www.dailyfinance.com/2011/03/30/bbb-sponsors-national-document-shredding-day-to-help-fight-id-th/http://www.dailyfinance.com/2011/03/30/bbb-sponsors-national-document-shredding-day-to-help-fight-id-th/http://www.dailyfinance.com/2011/03/30/bbb-sponsors-national-document-shredding-day-to-help-fight-id-th/#commentsFiled under: ,

id theftIf you're like most consumers, you have piles of stuff waiting to be shredded -- old medical records, credit card and bank statements and investment records.

On April 16, consumers will be able to go to a Better Business Bureau-sponsored site in their area to get their documents shredded. Go to the "BBB Secure Your ID Day" site for information on where you can find a location nearest you.

The events are the BBB's spring initiative to inform consumers and businesses about the best ways to protect data and personal information. About eight million Americans were victims of identity theft last year.

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]]>BankStatementsBetterBusinessBureauCreditCardsIdentityTheftOnlineIdentityTheftPrecautionsPhishingShredding dayShreddingDocumentsTrashRita R. RobisonWed, 30 Mar 2011 17:00:00 ESTIs That Used Car for Sale Really a Repo or Government Surplus?http://www.dailyfinance.com/2011/03/30/is-that-used-car-for-sale-really-a-repo-or-government-surplus/http://www.dailyfinance.com/2011/03/30/is-that-used-car-for-sale-really-a-repo-or-government-surplus/http://www.dailyfinance.com/2011/03/30/is-that-used-car-for-sale-really-a-repo-or-government-surplus/#commentsFiled under:

repo carsAds proclaiming "Government Vehicle Disposal" and "The Repo Joe Sale" are designed to steer buyers to special used car sales events under the pretense they're getting a special deal. But the Washington Attorney General's Office says these promotions frequently violate consumer law.

"We're laying on the horn because too many advertisements suggest that the cars being sold are repos available for a limited time and at a special price," Assistant Attorney General Mary Lobdell said in a statement. "In reality, the cars are from the dealer's standard inventory and the ads typically fail to disclose that prices are contingent on the buyer's ability and willingness to obtain financing."

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]]>AdvertisingCarsconsumer allyconsumer newsDeceptiveAdvertisingPracticesVehiclesWashingtonAttorneyGeneralsOfficeRita R. RobisonWed, 30 Mar 2011 13:00:00 ESTPlanning to Buy Elizabeth Taylor Memorabilia? Don't Do It for Investmenthttp://www.dailyfinance.com/2011/03/29/planning-to-buy-elizabeth-taylor-memorabilia-dont-do-it-for-in/http://www.dailyfinance.com/2011/03/29/planning-to-buy-elizabeth-taylor-memorabilia-dont-do-it-for-in/http://www.dailyfinance.com/2011/03/29/planning-to-buy-elizabeth-taylor-memorabilia-dont-do-it-for-in/#commentsFiled under: ,

Elizabeth TaylorJust after Elizabeth Taylor's death, would-be entrepreneurs started looking for ways to profit from the iconic entertainment legend's passing, as they did following the deaths of Elvis Presley, John Wayne, Princess Diana, John Lennon and Michael Jackson.

But the Better Business Bureau warns that most memorabilia and commemorative items produced and sold following Ms. Taylor's passing will decrease in value over the years, and therefore, best bought out of sentiment, not for investment.

"The death of a famous sports or entertainment figure often creates an immediate demand for items associated with that person," Dale Mingilton, president and CEO of the BBB Serving Denver/Boulder, said in a statement.

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]]>BetterBusinessBureauColletablesCommemorativeItemselizabeth+taylorelizabeth+taylor+deathelizabeth+taylor+willelizabeth+taylors+willElizabethTaylorelizabethtaylordeathelizabethtaylorswillelizabethtaylorwillMemorabiliamichael+jacksonmichaeljacksonRita R. RobisonTue, 29 Mar 2011 14:30:00 ESTSpring Break Travel? Do Your Homework First to Avoid Travel Scamshttp://www.dailyfinance.com/2011/03/27/spring-break-travel-do-your-homework-first-to-avoid-travel-scam/http://www.dailyfinance.com/2011/03/27/spring-break-travel-do-your-homework-first-to-avoid-travel-scam/http://www.dailyfinance.com/2011/03/27/spring-break-travel-do-your-homework-first-to-avoid-travel-scam/#commentsFiled under:

travel scamsSpring is finally here, meaning a lot of people are yearning for a quick getaway, and students are planning spring break or graduation trips.

So it's wise to remember travel scams cost consumers $12 billion annually, according to the National Association of Attorneys General, and the Better Business Bureau fields thousands of complaints about the travel industry every year.

"It is important for travelers, especially high school and college students, to not get caught up in the allure of deep discounts for eye-catching resorts without doing their homework," Dale Mingilton, president and CEO of the BBB Serving Denver/Boulder, said in a statement. "Take the time to ensure you're booking through a reputable company and you understand all the terms."

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]]>BetterBusinessBureauBetterBusinessBureauServingDenverBoulderconsumer allyconsumer newsNationalAssociationofAttorneysGeneralScamsTravelTravelingAbroadTravelScamsRita R. RobisonSun, 27 Mar 2011 10:00:00 ESTAccidental Poisonings: Five Tips to Keep Your Family Safehttp://www.dailyfinance.com/2011/03/26/accidental-poisonings-five-tips-to-keep-your-family-safe/http://www.dailyfinance.com/2011/03/26/accidental-poisonings-five-tips-to-keep-your-family-safe/http://www.dailyfinance.com/2011/03/26/accidental-poisonings-five-tips-to-keep-your-family-safe/#commentsFiled under: ,

poisoningMore than two million poisonings are reported each year to the 61 nationwide Poison Control Centers, and almost all happen in the home -- with children under six most often the victims of non-fatal incidents.

Most poisonings happen when parents or caregivers are home but not paying attention, the American Academy of Pediatrics said in a statement, as National Poison Prevention Week continues through March 26.

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]]>AmericanAcademyofPediatricsAmericanAssociationofPoisonControlCentersChildrenconsumer allyconsumer newsDeathsFromDrugOverdosesDrugsNationalSafetyCouncilPesticidesPoisonPreventionPoisonsPrescriptionDrugsRita R. RobisonSat, 26 Mar 2011 08:00:00 ESTDebt Collectors' Law Firm Accused of Padding Fees is Shutteredhttp://www.dailyfinance.com/2011/03/25/debt-collectors-law-firm-accused-of-padding-fees-is-shuttered/http://www.dailyfinance.com/2011/03/25/debt-collectors-law-firm-accused-of-padding-fees-is-shuttered/http://www.dailyfinance.com/2011/03/25/debt-collectors-law-firm-accused-of-padding-fees-is-shuttered/#commentsFiled under:

debt collectorsA Eugene, Ore., law firm that garnered dozens of complaints about its debt collection practices has been shut down as part of a settlement agreement with the Oregon Department of Justice.

"At a time when many Oregonians are struggling to manage their debt, the Department of Justice is committed to holding unscrupulous debt collectors accountable," Keith Dubanevich, chief of staff for the Oregon Department of Justice, said in a statement.

Oregon's DOJ began investigating Derrick E. McGavic, founding partner of McGavic & Finney PC, and his partner, Kristan Finney, after receiving more than 90 complaints against their law firm. At the same time, the Oregon State Bar was investigating McGavic.

Continue reading Debt Collectors' Law Firm Accused of Padding Fees is Shuttered


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]]>CollectionAgenciesconsumer allyconsumer newsDebtCopllectionPracticesOregonDepartmentofJusticeRita R. RobisonFri, 25 Mar 2011 12:00:00 ESTTask Force Busts Massive Fake ID Mill; Products 'Incredibly Realistic'http://www.dailyfinance.com/2011/03/24/task-force-busts-massive-fake-id-mill-in-utah/http://www.dailyfinance.com/2011/03/24/task-force-busts-massive-fake-id-mill-in-utah/http://www.dailyfinance.com/2011/03/24/task-force-busts-massive-fake-id-mill-in-utah/#commentsFiled under: , ,

fake idA high-tech fake identification mill in Utah has been dismantled by a special team of the Utah Attorney General's office.

Agents of the SECURE Strike Force seized equipment used to make a wide variety of identity cards from different states and countries. They confiscated computers, printers, laminating machine, cutters and high quality blank printing stock from the operation's headquarters in Layton, about 25 miles from Salt Lake City.

Mexican consular identification cards, drivers' licenses from Utah and other states, Social Security cards and electrician licenses also were seized. Fake IDs can be used for anything from getting served alcohol in a bar to identity theft and terrorism.

Continue reading Task Force Busts Massive Fake ID Mill; Products 'Incredibly Realistic'


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]]>consumer allyconsumer newsFakeIDsFraudsScamsUtahAttorneyGeneralsOfficeRita R. RobisonThu, 24 Mar 2011 16:30:00 ESTBe Wary of Real Estate Deals That Turn Out to Be Ponzi Schemeshttp://www.dailyfinance.com/2011/03/21/be-wary-of-real-estate-deals-that-turn-out-to-be-ponzi-schemes/http://www.dailyfinance.com/2011/03/21/be-wary-of-real-estate-deals-that-turn-out-to-be-ponzi-schemes/http://www.dailyfinance.com/2011/03/21/be-wary-of-real-estate-deals-that-turn-out-to-be-ponzi-schemes/#commentsFiled under: ,

Consumers were convinced they were making a safe real-estate investment and that they would receive an annual return of 14% to 16%. What happened instead is that the salesman made millions, while consumers lost their savings.

The Utah Attorney General's Office and the U.S. Department of Commerce say the conviction of William Hammons should serve as a warning about unscrupulous advisers promoting phony investments. Hammons, 66, was found guilty of securities fraud, unlicensed sales of securities and racketeering.

Continue reading Be Wary of Real Estate Deals That Turn Out to Be Ponzi Schemes


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]]>consumer allyconsumer newshammons+vescor+2011hammonsvescor2011Investmentsponzi+real+estate+schemesponzirealestateschemesPonziSchemesreal+estate+fraudRealEstaterealestatefraudU.S.SecuritiesandExchangeCommissionUtahAttorneyGeneralsOfficevescor/hammonsRita R. RobisonMon, 21 Mar 2011 16:00:00 ESTNew Product Safety Database Is Up, Manufacturers Are Grumpyhttp://www.dailyfinance.com/2011/03/21/new-product-safety-database-is-up-manufacturers-are-grumpy/http://www.dailyfinance.com/2011/03/21/new-product-safety-database-is-up-manufacturers-are-grumpy/http://www.dailyfinance.com/2011/03/21/new-product-safety-database-is-up-manufacturers-are-grumpy/#commentsFiled under: ,

A new consumer product safety information database is up and running where consumers can share information with others about product injuries or failures that could have resulted in injuries.

Consumers can visit SaferProducts.gov to submit reports and search for safety information on products they own or may be considering buying.

Continue reading New Product Safety Database Is Up, Manufacturers Are Grumpy


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]]>consumer allyconsumer newsConsumerFederationofAmericaConsumerGroupsProductSafetyProductSafetyDatabasePublicCitizenRecallsSafetyU.S.ConsumerProductSafetyCommissionRita R. RobisonMon, 21 Mar 2011 11:00:00 ESTAnimal Charity That Solicited on Facebook Accused of Pocketing Fundshttp://www.dailyfinance.com/2011/03/19/animal-charity-that-solicited-on-facebook-accused-of-pocketing-f/http://www.dailyfinance.com/2011/03/19/animal-charity-that-solicited-on-facebook-accused-of-pocketing-f/http://www.dailyfinance.com/2011/03/19/animal-charity-that-solicited-on-facebook-accused-of-pocketing-f/#commentsFiled under: , ,

animal charityLove the Animals, a charity that solicited funds on the Internet, including via social network Facebook, has been sued for misusing funds.

A lawsuit against Love the Animals, operated by Anthony M. Marasia, alleges Marasia put all funds donated to the company into his personal bank account, failed to tell donors that their contributions weren't tax deductible, and didn't register as a charity, Hawaii Attorney General David M. Louie said in a statement.

Continue reading Animal Charity That Solicited on Facebook Accused of Pocketing Funds


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]]>Better Business BureauCharityconsumer allyconsumer newsConsumersfacebook charity scamsHawaiiAttorneyGeneralsOfficeInternetLove the AnimalsLove the Animals scamRita R. RobisonSat, 19 Mar 2011 15:00:00 ESTPayday Loan Provider Quik Cash Agrees to Reimburse Consumershttp://www.dailyfinance.com/2011/03/10/payday-loan-provider-quik-cash-agrees-to-reimburse-consumers/http://www.dailyfinance.com/2011/03/10/payday-loan-provider-quik-cash-agrees-to-reimburse-consumers/http://www.dailyfinance.com/2011/03/10/payday-loan-provider-quik-cash-agrees-to-reimburse-consumers/#commentsFiled under: ,

payday loans - Quik Cash Quik Cash, one of the nation's largest payday lenders with 550 locations across the country, has agreed to pay up to $170,000 in restitution to consumers who were victims of consumer fraud.

Under a settlement agreement, Quik Cash will pay restitution to consumers who had judgment for loans entered against them in the Pima County Justice Court even though they signed up for the loans outside of the county and didn't live there, Arizona Attorney General Tom Horne said in a statement. After obtaining the judgments, consumers were subject to collection efforts, including garnishment of wages, Horne said.

Continue reading Payday Loan Provider Quik Cash Agrees to Reimburse Consumers


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]]>ArizonaAttorneyGeneralBetterBusinessBureauconsumer allyconsumer newsPaydayLoansQuik CashRita R. RobisonThu, 10 Mar 2011 15:00:00 ESTNew Type of Mortage Fraud: Loan 'Modifiers' Hijack Paymentshttp://www.dailyfinance.com/2011/03/09/new-type-of-mortage-fraud-loan-modifiers-hijack-payments/http://www.dailyfinance.com/2011/03/09/new-type-of-mortage-fraud-loan-modifiers-hijack-payments/http://www.dailyfinance.com/2011/03/09/new-type-of-mortage-fraud-loan-modifiers-hijack-payments/#commentsFiled under: ,

mortgage fraudIt looks legitimate: You get a letter from your bank saying that it's sold your mortgage to another company. So you begin making payments to the new address in the letter.

But, it turns out, it's yet another mortgage fraud. Two Nevada men have been arrested operating businesses designed to steal mortgage payments from consumers. Joseph Yorkus and James Bartczak were booked on charges in connection with this attempted scam, Nevada Attorney General Catherine Cortez Masto said in a statement.

Continue reading New Type of Mortage Fraud: Loan 'Modifiers' Hijack Payments


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]]>consumer allyconsumer newsMortgageScamsNevadaAttorneyGeneralsOfficeRita R. RobisonWed, 09 Mar 2011 15:00:00 EST