Billion Dollar Scam Sting

It started unknowingly as a call to a small business from a “Records Department” asking the business to confirm its name, address, and telephone number for a directory listing. The company never identified itself but asked for verification of the data for a list in several directories such as the US Business Directory 11th Edition. Next came a call from the “shipping department” to confirm the given information for shipping. When the directories arrived the listing were missing or incomplete and what followed was a bill for $399. Business owners who didn't pay had their information sent to a collection agency.

This latest scam case was revealed in a recent sting operation called Operation Global Con cracking down on 565 people in five countries operating major fraud schemes that have generated more than $1 billion. Scams come in all forms and sizes from the complex financial deals to the once-in-a-lifetime business opportunity. Learn more on business scams from About Guides:

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Internet Business Opportunity Scams

The 5 Most Common Business Scams And How To Avoid Them