Scams, identity theft and cybercrimes threaten everyone.
Every year people lose billions of dollars to scams, identity theft and cybercrime. No one is immune to these dangers. Young and old alike are victims and if you think you are too smart to become a victim, you are wrong. According to the National Association of Securities Dealers wealthy, financially literate and astute people are actually more likely to become victims of financial scams.
The key to protecting yourself from scams cybercrime and identity theft is education and that is where Scamicide.com comes in. Here at Scamicide.com you will learn how to recognize scams, cyber security threats and risks of identity theft as well as how to avoid them. Here at Scamicide.com we also alert you each and every day to the latest developments in scams, cyber security and identity theft and tell you what you need to do to protect yourself. It is a dangerous world out there, but Scamicide.com can help you make it safer.
In the Scam of the day for August 12, 2018 I reported to you that the Federal Trade Commission (FTC) and the Minnesota Attorney General had filed a lawsuit and obtained a temporary restraining order against Sellers Playbook and its principals in regard to a business opportunity scam in which they sold their “secret” system for earning thousands of dollars each month by selling goods on Amazon. The program in no way was affiliated with or approved by Amazon and although Sellers Playbook claimed that by following the system its customers could earn $20,000 a month and potential net profits of millions of dollars, the promises were phony and there was no secret system. According to the lawsuit filed by the FTC and the State of Minnesota, the defendants cheated their customers out of more than 15 million dollars between April of 2017 and May of 2018 with most of their victims paying them more than $32,000. The case was settled in early 2019 with Sellers Playbook Inc. and its principals, Jessie Conners Tieva, Matthew R. Tieva and their other company Exposure Marketing Company being banned from selling or assisting others to sell any business opportunity or business coaching program. A judgment of 20.8 million dollars was also ordered by the Federal District Court of Minnesota, however the judgment will be suspended once the defendants surrender all corporate assets as well as substantial assets owned by Matthew and Jessie Tieva.
Now the FTC is mailing check totaling more than a million dollars obtained from the defendants to victims of the scam. For more information about this particular refund program check out the “FTC Scam Refunds” tab in the middle of the first page of http://www.scamicide.com. You can find information there about the mailing of the refund checks. There is no cost or fee to file a claim or get a refund. Anyone who tells you differently is trying to scam you.
The sale of business opportunities is regulated by the FTC’s Business Opportunity Rule which requires the sellers of business opportunities to provide a one-page disclosure document outlining important facts about the offering including informing you about any legal actions in which the sellers have been involved. In this particular case some of the defendants had previously been sued by the FTC for operating a similar scam. The disclosure also has to provide you with details as to any refund policy and provide a list of references. Additionally, as is always the case with these types of scams, if they make claims about how much money you can earn through their scheme, they must provide you with an Earnings Claim Statement that indicates in detail the specifics of those claims and the opportunity to see written proof of the claims.
Before considering any kind of business opportunity, you should have a lawyer review these required disclosures and if the person offering you the business opportunity does not provide these documents, you should consider that a red flag that this is a scam. You also should investigate the people behind the offering as well as the particular type of business opportunity.
For those of you receiving the Scam of the day through an email, I just want to remind you that if you want to see the ever increasing list of Coronavirus scams go to the first page of the http://www.scamicide.com website and click on the tab at the top of the page that indicates “Coronavirus Scams.”
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