Provide a summary (250 word minimum) of an instance of fraud or a rip-off that you have experienced, know about, or have researched. Include all of the following and separate each item by bullet points or numbers:
1) State the name of the seller/business/person and explain in detail how the scheme works. If you do not know the name of the seller, please choose a different example.
2) Explain why this scheme should be considered fraud or a rip-off. Note: The weekly lecture provides definitions for fraud and rip-off.
3) What tactics did the seller employ to appear more legitimate to consumers?
4) Does this seller target a certain group of people?
5) Provide a summary of any complaints or legal actions taken against the seller. If no complaints, find an article that relates to the type of fraud/rip-off you chose. Consider using the following resources if applicable:
o Better Business Bureau
o U.S. Food & Drug Administration
o NASD's BrokerCheck service
o Federal Trade Commission website
6) Provide at least one website reference for the information provided in item #5. The website reference should link directly to information related to your summary and NOT just the homepage of a website.