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Protecting Families from Consumer Fraud: Awareness and Action

This guide highlights the critical aspects of consumer fraud that families need to recognize to protect themselves. It addresses the main reasons fraud occurs, including greed, a lack of consumer knowledge, and the complexity of the marketplace. Learn how to identify fraud, understand the common methods used by scammers, and know the steps to take if you find yourself a victim. With proactive measures and the right information, families can build resilience against fraudulent schemes that threaten their financial well-being.

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Protecting Families from Consumer Fraud: Awareness and Action

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  1. Building Strong Families – Consumer Beware Overhead #1 Reasons forFraud • Greed • Lack of consumer knowledge • Consumers too busy • Complex marketplace • Expert liars • Too much (or little) information • Average scam runs 90 days or less • Consumers hesitant to complain

  2. Building Strong Families – Consumer Beware Overhead #2 ConsumerFraud Fraud occurs when a seller lies about an important fact or fails to tell the consumer about an important fact.

  3. Building Strong Families – Consumer Beware Overhead #3 How to Prove Fraud • False representation (a lie) • Knowledge by seller that "facts" were untrue • Intent to deceive victim • Actual belief by victim that false representations are true • Damages suffered by victim by reliance on untruths

  4. Building Strong Families – Consumer Beware Overhead #4 Common Methods of Fraud Mail fraud Telemarketing fraud Investment swindles Pyramid schemes Work-at-home schemes

  5. Building Strong Families – Consumer Beware Overhead #5 If YouAre Conned • Act quickly • Contact local and State authorities • Call MO Attorney General's hotline (800-392-8222) • Report the con to National Fraud Information Center (800-876-7060) • Contact local postal inspector, if mail was involved • Contact Better Business Bureau

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