Work At Home Blog » What is a business opportunity scam?

What is a business opportunity scam?

Posted by admin | Prevent Scam | Sunday 11 January 2009 1:58 am

A business opportunity scam can come to you through a spam email, a phone call or a letter. The scammer will always offer you a way to make a lot of money quickly.

Business opportunity scams are similar to pyramid schemes, chain letters, computer prediction software and work from home scams. A business opportunity can be a scam if it relies on you making an upfront payment (for something that does not work or is not what you expected), recruiting other people to the scheme (these are pyramid schemes) or paying for a ‘system’ to make money which may not work as it is supposed to.

Warning signs

You receive a spam email offering you a business opportunity.

The advertisement requires you to send a fee to get your start up materials.

The advertisement only specifies a post office box address rather than a street address.

The email or letter may not be addressed specifically to you.

You receive information about a job which only requires you to transfer money for someone else.

Promises of guaranteed or very large returns.

Offers of loads of money just by using certain software to predict share market movements or sporting results (especially horseracing).

Drop me a comment if you more thoughts!
Cheers!
Patrick

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