Better Business Bureau: Top 10 scams for 2013 - New York News

Better Business Bureau: Top 10 scams for 2013

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CHICAGO (Sun-Times Media Wire) -

Topping the list of scam activity for 2013 is advance fee brokers, accounting for more than 45 percent of scam inquiries to the Better Business Bureau serving Chicago and Northern Illinois, the BBB said in a release.

Advance fee brokers are usually empty promises of a personal or business loan requiring payment of a fee in advance. This scam attracts vulnerable consumers that need cash urgently, the release said. Coming in a close second was work-at-home scams, which lure consumers by using get-rich-quick schemes, according to the release.

"In 2013, consumers were tight for cash and were trying to improve their financial situations," Steve J. Bernas, president & CEO of the BBB, said in the release. "Scammers took advantage of these vulnerable consumers.

"It is important to be aware that these scams exist," Bernas added. "That way people can avoid losing money or personal financial information."

The top 10 scams are based on the number of inquiries made by consumers regarding the deceptive and sometimes illegal business practices in 2013, the BBB said.

The BBB release said the following were the top 10 scams of 2013:

1. Advance fee Brokers

2. Work-at-home Schemes

3. Credit repair services with advance fees

4. Foreign lotteries

5. Office supplies by deceptive telemarketing

6. Prize promotions

7. Paving, painting and home improvements by "traveling workers."

8. Pyramid companies

9. Sweepstakes

10. Debt relief services

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