In a year of financial turmoil, con artists have revamped old scams and thought up new ones to bilk people out of their money. Charity and lottery scams also continued to be popular.
In its listing of the 10 worst scams of 2008, ConsumerAffairs.com left out the Bernard Madoff’s investment Ponzi scheme, which could result in $50 billion dollars in losses. Madoff’s scam was just too large to include in the list, Mark Huffman, who wrote the article, “Top 10 Scams of 2008,” said. It would dwarf all the others on the list and then some.
The ConsumerAffairs.com top 10 scams are:
- Foreclosure rescue scam.
- Unauthorized charges.
- Work at home schemes.
- Phony government official scam.
- Financial meltdown scams.
- Campaign 2008 scams.
- Fake lottery scam.
- Charity telemarketing scam.
- EPPI Card scam. EPPICards are cards issued by the government for administering payments and benefits electronically.
- Kevin Trudeau’s “Weight-Loss Cures They Don’t Want You to Know About.”
Be sure to avoid these scams in 2009.