FTC busts contrepreneur scams

FTC Busts ‘Contrepreneur’ Work Scams

Posted on 11/19/2012 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsThe following is a guest post by Sid Kirchheimer: They’re not entrepreneurs. They’re “contrepeneurs,” or scammers who dupe people who are trying to start up their own businesses. The Federal Trade Commission on Thursday announced law enforcement actions against seven companies it says are perpetrating these cons. The firms claim to help people set up home-based businesses as mystery shoppers,  website operators, or processors of credit card payments and government insurance refunds. The companies targeted are not nationally known [read this FTC release for their names]. The legal action was …