The Federal Trade Commission launched a new Web site called Money Matters that they hope will help the public avoid bogus companies.”For
the most part, fraud preys on consumers not knowing what’s going on and
not understanding what’s happening. So, if we can get the consumer
educated, it’s much harder for the bad guys to convince the consumer to
fork over their money,” said Len Gordon of the Federal Trade Commission.The
site is filled with tips and warning signs for consumers about scams.
The FTC especially wants people to be aware of businesses who promise
to help homeowners from foreclosure. The Web site has information on scams, credit cards, managing money, dealing with debt and your job.