Tips for Avoiding Consumer Fraud
Companies and scam artists commit all types of fraud on a daily basis to trick you into investing your money in improper investment products. Fraudsters contact potential investors by email, U.S. mail, the internet or telephone. They could be selling you a defective product, or failing to disclose certain important financial terms.
What To Do
Being able to identify these questionable practices can help you to avoid becoming a victim of consumer or investment fraud. The following are some tips to keep in mind:
- Research the background of the person with whom you are dealing.
- Be cautious about wiring money.
- Check with another professional before investing.
- Do not provide personal or financial information to someone you don’t know.
- Do not agree to deposit a third-party’s check and then wire money back to the third party.
Businesses also engage in deceptive advertising and promotions that can fail to disclose certain fees. Even if everything else is truthful, failing to do so is still illegal.
Call a Los Angeles Fraud Lawyer Today
If you believe you have been the victim of consumer fraud, contact an experienced Los Angeles fraud lawyer today for a consultation to discuss your legal rights.