March Madness spurs a fraud warning
Here is a roundup of alleged cons, frauds and schemes to watch out for.
March Madness
Not that Southern California college basketball fans have much to worry about, but the Better Business Bureau warns that scams frequently pop up during the men’s college basketball playoffs.
Fans should be careful when buying tickets on websites such as Craigslist, which does not guarantee products sold on the site are authentic and does not collect personal information from sellers, the BBB said.
Other areas of concern are counterfeit merchandise and hotel or other travel-related scams. The BBB suggests that fans buy tickets directly from the NCAA or through reputable brokers.
“Major sporting events like the NCAA tournament almost always inspire scammers to capitalize on the scarcity of tickets and fans’ desire to snap up souvenirs or team jerseys,” the BBB’s Michelle L. Corey said. “The BBB advises fans to check out offers with the BBB before plunking down money or giving credit card numbers.”
Car loan ‘payoff’
Five car dealers from across the United States have agreed to stop running ads in which they promised to pay off consumers’ car loans, no matter how much they owed.
The Federal Trade Commission had accused the dealers of deceiving consumers because the loan balances were rolled into new loans, meaning that the debt was simply transferred, not eliminated.
“Buying a new car or truck is a major financial commitment, and the last thing consumers need is to be tricked into thinking that a dealer will ‘pay off’ what they owe on their current vehicle, when they really won’t,” said David Vladeck, director of the FTC’s Bureau of Consumer Protection.
ID theft suspected
A Riverside County woman has been accused of defrauding California by filing disability and unemployment claims in the names of others without their knowledge.
Maria M. Rocha, 43, was indicted by a federal grand jury in Riverside on 18 counts of mail fraud and three counts of identity theft. The indictment alleged that Rocha filed 83 fraudulent disability claims and 12 unemployment claims, using the names and personal information of co-workers, friends and relatives.
The state lost more than $280,000 in the scam, the indictment said.
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