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Looks to Good to Be True?

Is the FBI consumer site useful? Well, not according to Tom Fragala, who is underwhelmed by www.lookstoogoodtobetrue.com The name is underwhelming, and having visited the site, my initial impression is that Mr. Fragla is correct. Consider this advice:

" Every day, American consumers receive offers that just sound too good to be true. In the past, these offers came through the mail or by telephone. Now the con artists and swindlers have found a new avenue to pitch their frauds -- the Internet. The on-line scams know no national borders or boundaries; they respect no investigative jurisdictions. But, as with all scammers, they have one objective - to separate you from your money"!

Too good to be true to who? Too good after or before the fact? Scams and frauds do not announce themselves that they are too good to be true, in fact it is logically impossible for this to happen.

So why do regulators continue to parrot this myth? Because it is easy then to feel smug and self satisfied when confronted by a group of victms, that you took an oath to protect and failed, repeatedly failed over and over again.

Technorati Tags: receive offers, frauds, scams, national borders, american consumers, con artists, mail, initial impression, scammers, smug, parrot, regulators, myth, boundaries, fbi, pitch, respect

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» How We are Manipulated and What to Do About It. from Misleading Advertising Law

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