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March 11, 2009 | | Comments 0 | Filed Under: DailyGovernmentNewsWall StreetWorld

Stimulus gives rise to consumer scams

“Don’t let your bailout go unclaimed,” one Web site warns. 

“You may be eligible to receive up to $25,000 in government money that you would NEVER HAVE TO REPAY,” says another.

As sure as kids on sleds follow snowstorms, scams and sleight-of-hand follow economic upheaval and government programs to remedy it, the Federal Trade Commission warned this week.  On Wednesday, the FTC displayed examples of a wave of deceit it says has been flowing across the Internet toward financially stressed consumers.  “These Web sites are everywhere – showing up on social-networking sites, streaming video sites, search engines, and more,” said Eileen Harrington, acting director of the FTC’s Bureau of Consumer Protection.

For full article, click on this link:

http://www.philly.com/philly/business/20090307_Stimulus_gives_rise_to_consumer_scams.html

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