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Posts tagged "Consumer Fraud"

Quick stats about elder fraud and scams

Elder fraud is a serious issue that persists year after year, despite the efforts of family members, organizations and even financial institutions. The elderly are often targets for these financial schemes because of their potential isolation, possible mental difficulties later on in life, and the simple fact that they are more likely than younger people to have exploitable wealth.

The huge cost of high-profile advertising scandals

Companies are expected to market their products honestly. They should let the products sell themselves on their own merits, and marketing is more or less just a way to tell the public what the products can do. Embellishing things or lying about a product can bring about accusations of consumer fraud.

Creator of drinkable sunscreen sued for fraud

A man is being sued for creating and selling what he claims is "drinkable" sunscreen. It's called Osmosis Skincare and Harmonized Water. He says that it helps to protect those who drink it from UV rays, even though it's not applied to the skin, by using "form radio frequencies called scalar waves."

Do auto companies cover up defects and put people at risk?

It's one thing to make a defective product, one that inherently puts people at risk due to a poor design or poor manufacturing. It's quite another to then try to cover up these defects so that sales aren't impacted -- and to avoid an expensive re-design -- which increases the risk to consumers.

The Internet makes marketing fraud easier

Some have said that few types of fraud are as old as marketing fraud. When a product is misrepresented to get sales, it can often constitute fraud. For example, selling sugar pills and claiming they're 100 percent guaranteed to cure a cold or warts or a fever is fraud, but this type of thing has happened forever.

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