Scams for every season

scams.jpg Never mind Bernie Madoff - the most popular cons are a lot less convoluted. Identity theft, which could be as basic as swiping somebody's credit card number, remained in the top spot in 2010, accounting for 19 percent of all complaints to the Federal Trade Commission. From Slate:

Identity theft is well ahead of deceptive, bullying, or outright phony debt collection, the category that holds the No. 2 spot. Debt collection prompted 11 percent of all consumer complaints to the FTC in 2010--a slight uptick from 2008 and 2009, when misbehaving debt collectors prompted 9 percent of all consumer complaints. With consumer debt headed downward, it seems unlikely debt collection will maintain its privileged spot for much longer.

[CUT]

It's a relief to see prizes, sweepstakes, and lotteries at No. 4. Maybe some of the old craft ("To collect your prize just pay this fee!") has not been lost to posterity after all. An interesting new wrinkle is that the con man (or woman) now pretends to work for some government agency that is supervising delivery of your sweepstakes winnings! "Now if you'll just wire the money to this foreign country. ..." It does make you wonder whether humankind is getting, well, dumber.

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

New at LA Observed
On the Media Page
Go to Media

On the Politics Page
Go to Politics
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
LA Observed on Twitter and Facebook