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What is a Scam ?

by: 2nd2-0( 555Feedback score is 500 to 999) Top 25 Reviewer
105 out of 115 people found this guide helpful.
Guide viewed: 864 times Tags: scam | fraud | swindle | Hoaxes | con


 

 What is a Scam ?

 

What is a Scam

Example, if you purchase a book that claims to provide you with clear, step-by-step plans to start a business that will make you wealthy; and you receive only lists of references to government programs, or general advice about how to start a business, or engage in a multi-level marketing or pyramid scheme; or the price for the information is clearly disproportionate to it's worth (such as lists that are publicly available for free elsewhere); any of these meets the definition of a scam. Most people in these situations would feel scammed!

Another example of a scam is the "free book offer", in which the victim is asked to "only pay shipping and handling"; only to find out that other more expensive items were also purchased "on trial", and these will be billed to the victim's account if they are not returned under certain conditions (within 30 days, in unopened condition, etc.).  This condition may or may not have been disclosed in "the fine print"; it is a scam because the intent was disguised, hidden, or obfuscated from the victim in some manner (small print, hard to get to web page, etc.)

Tips

  1. Always read the small print.
  2. If it sounds to good to be true, it probebly is!
  3. Read the sellers Reputation / Feedback.
  4. Use Common sense.
  5. If your still not sure, Get a second opinion.

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Guide ID: 10000000003423392Guide created: 19/04/07 (updated 11/09/08)

 
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