Monday, November 28, 2011


This GPO blog post concerns avoiding Ponzi schemes during the holiday season:


NOTE: What to do to avoid being scammed at any time? Four tips for you:

1. If it sounds too good to be true, it is. Run (don’t walk) away!
2. If something about a business deal gives you pause, do some more fact-finding before signing on the dotted line—the angel on your shoulder is likely screaming a warning in your ear!
3. If one company’s offer is astoundingly better than its competitors, chances are there’s a deal-breaking catch—very carefully read the fine print!
4. If you get an email or phone message purportedly from a company or government agency you do business with that suddenly needs to have your Social Security number, date of birth, and account number verified, don’t respond directly to the email or caller (it’s almost certainly a scam). Look up the company or agency’s phone number in a source you trust (don’t use a phone number furnished in the email or by the caller) and ask if they have contacted you recently with a question about your account.

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