Here is a roundup of alleged cons, frauds and schemes to watch out for.
March Madness – Not that Southern California college basketball fans have much to worry about, but the Better Business Bureau warns that scams frequently pop up during the men’s college basketball playoffs. Fans should be careful when buying tickets on websites such as Craigslist, which does not guarantee that products sold on the site are authentic and does not collect personal information from sellers, the BBB said. Other areas of concern are counterfeit merchandise and hotel- or other travel-related scams. The BBB suggests that fans buy tickets directly from the NCAA or through reputable brokers. “Major sporting events like the NCAA tournament almost always inspire scammers to capitalize on the scarcity of tickets and fans’ desire to snap up souvenirs or team jerseys,” the BBB’s Michelle L. Corey said. “The BBB advises fans to check out offers with the BBB before plunking down money or giving credit card numbers.”
Car loans – Five car dealers from across the United States have agreed to stop running ads in which they promised to pay off consumers’ car loans no matter how much was owed. The Federal Trade Commission had accused the dealers of deceiving consumers because the loan balances were rolled into new loans, meaning the debt was simply transferred, not eliminated. "Buying a new car or truck is a major financial commitment, and the last thing consumers need is to be tricked into thinking that a dealer will 'pay off' what they owe on their current vehicle when they really won't," said David Vladeck, director of the FTC's Bureau of Consumer Protection. "The Federal Trade Commission is constantly on the lookout for potentially deceptive ads and brings actions to stop them when appropriate."