Showing posts with label scam alert. Show all posts
Showing posts with label scam alert. Show all posts

Wednesday, June 8, 2011

Scam Alert: "Gas Savers"

Gizmos to save gas? Don't buy them.
In these days of high gasoline prices and long vacation road trips, get ready for high-gear hawking of gadgets that promise more miles per gallon.

Some of these gizmos improve mileage by 20 percent or more, promoters claim, by harnessing special science. "Approved by the Federal Government," you're told. Breathless customer testimonials for the devices, available online and at select bricks-and-mortar retailers, further bolster the allure.

The products typically cost $50 to $250. But buy them and you'll just be taken for a ride, experts say.

"I've been testing these devices for a very long time, and to date haven't found a single one that lives up to its claims," says Mike Allen, senior automotive editor at Popular Mechanics magazine. "In the last round, I tested eight different types. Five did nothing, two actually increased fuel consumption and one set a car on fire."

After its own tests on various gadgets, Consumer Reports issued a "don't waste your money" warning, echoed by the Federal Trade Commission and the Better Business Bureau. The Environmental Protection Agency has tested (but never endorsed) more than 100 such devices and found that none significantly improve mileage and some may damage your engine.

If you closely follow the owner's manuals that come with some of the devices, you may get a marginal boost in mpg. But this may not be because of the device itself. "The advice is usually to install the device and properly maintain your car, avoid jackrabbit starts and do other common-sense tips found at www.fueleconomy.gov," says an EPA spokesperson. "Guess what? Do those things without the gadget and you'll save fuel."

Gas-saving gadgets don't work. Here's why.

The scientific explanation
    * Promoters claim fuel-line magnets will break up "clumped" fuel molecules so that gas burns more efficiently. "But gasoline molecules don't clump up," Allen says, "and … don't respond to magnetic force."

    * Engine ionizers clip to spark plugs, supposedly to increase combustion efficiency. But in tests, Allen says, increased combustion served to decrease power — and triggered an engine fire.

    * Vortex generators are said to mix fuel more efficiently with air. What they really do is reduce the air flowing into the manifold, reducing power.

    * Vapor injectors are said to convert raw fuel to vapor outside the engine for better performance. In reality, engine computers prevent any such benefit.

    * Water injectors use technology that provided emergency power in World War II planes. But tests show this technology doesn't work in automobiles.

    * A device that plugs into a cigarette lighter is claimed to "smooth out noise" in electrical systems and increase mileage. No such gain was found in tests by Popular Mechanics and Consumer Reports.

So what does the device do? "It lights up when you plug it in," says CR's Sue LaColla.

Sid Kirchheimer is the author of Scam-Proof Your Life, published by AARP Books/Sterling.

Thursday, February 24, 2011

Scam Alert: Foreclosure Scams

4 Tips to Avoid Foreclosure Scams

More home owners are falling prey to scams that promise to “stop the foreclosure” and “save your home.”

The Federal Trade Commission has released a report to help borrowers avoid falling victim to such scams, here are a few of its tips:

1. Watch for outlandish claims. "Eliminate your debt!" and "We guarantee to stop the auction" are too good to be true. If it sounds like an easy way out, don’t believe it, the FTC warns.

2. Don't pay up-front costs. Consumer investigator Dale Cardwell warns home owners to beware of any deal that requires you to pay up-front fees. Cardwell says you shouldn’t pay any business or person who promises to modify your loan because only your lender can do that.

3. Beware of those imitating government agencies. Watch out for scammers who may capture logos, names, photos, and Web sites to make it look like they are part of a government agency.

4. Make payments only to your lender, no one else. Never write a check to someone else instead of your lender for your mortgage. Scammers may present an official looking reinstatement package and tell you to pay everything to them. Send payments only to your loan servicer, experts recommend.
Source: “In Saving Home, Steer Clear of Scams,” The Atlanta Journal-Constitution (Feb. 13, 2011)

Wednesday, February 10, 2010

Scam alert: Cell phone Do Not Call Registry

I received an email yesterday from a friend warning me that in order to avoid unwanted cell phone charges from telemarketers, I must call a "National Do Not Call Number".

You may receive the same email. Don't call the number. It's a scam.


Thursday, January 7, 2010

Scam alert: Phony health insurance

A day doesn't pass without news of health care. And a day doesn't pass without each one of us needing good health care just a little more. Barring death, each of us will eventually require it, however healthy we are this morning.


One of the advantages of turning 50 is access to a wealth of good information from AARP. Sid Kirchheimerm, a major contributor to AARP, offers important caveats to choosing health insurance. I hope this article saves you grief and money.


When Health Insurance is Phony

Monday, December 7, 2009

Scam alert: Foreclosure "help"


These are dangerous times. More and more people, especially seniors on fixed incomes, are facing the possibility of foreclosure.  And their fear of foreclosure makes them vulnerable to scammers.



Do NOT do business with any company that approaches you first. Send your mortgage payment ONLY to your lender.

Take the time to read this helpful article.

Tuesday, November 10, 2009

Scam alert: Free trials


I spent some phone time last week with my credit card company disputing a charge that I hadn't authorized. The customer service rep said that she gets about 75 calls a day with similar issues. 

Think you're getting a free trial online? Be sure you read ALL the terms of agreement before you give out your credit card information.



Thursday, November 5, 2009

Scam alert: Fraudulant emails on the rise


Our friends at Silver Planet send this warning:

Fraudulent Emails on the Rise

There's been a burst of fraudulent emails lately, four of them purporting to be from the Federal Bureau of Investigation (FBI) and one from U.S. Attorney General Eric Holder. We've posted four of the five in this article. But first, a quick review of what you'll be seeing:

When it comes to typos and mumbo-jumbo sentences--which scam emails are famous for--the first one won't disappoint. And not only does it come with a picture of someone (which we've deleted) to prove its legitimacy, it even comes with a warning to be wary of imposters!





Wednesday, July 8, 2009

Scam alert: Door-to-door magazine sales

Our friends at Silver Planet send this warning. 'tis the season to be wary.

Click here: It's a different world.

Wednesday, May 6, 2009

Scam Alert: Swine Flu phishers


Our friends at Silver Planet send this. I haven't seen one personally--please let me know if you have.

Read the article

Thursday, April 30, 2009

Don't cut corners in real estate!

Lexington Realtor Says Listings Were Used For Phony Ads

A Lexington (KY) REALTOR says her listings have been copied and used as a scam for potential renters on Craigslist. Kim Soper says someone has been taking her property information and placing bogus for rent ads on the popular classified site.

She says she received calls asking how much the rent was on the property after getting her phone number off the "for sale" sign in the front yard. The properties weren't for rent, but for sale. The person listing the Craigslist ad told potential renters they were moving to Africa and needed to rent their home immediately.

Nation (as Colbert says)! Use a professional!

Wednesday, March 11, 2009

Liquidation "sales"

Our friends at Silver Planet have alerted us to some new scams, including liquidation "sales", work-at-home scams, and how to recognize scam language. Worth a read.

Thursday, February 12, 2009

Scam Alert: Health Frauds

We all have a story from childhood about our first scam. Mine was the Charles Atlas program to save me from being a skinny kid getting sand kicked in his face by a beach muscleman. I think I still have the book somewhere.

Scammers are getting more and more creative (and believable) in their ongoing attempts to separate us from our pennies. Here's a helpful article from our friends at Silver Planet.

Beware of Health Fraud

Wednesday, January 14, 2009

Scam alert: Jury Duty Call

Subscriber Helen Rogers kindly sent this alert. This scam started in 2005, but not all of us are aware of it.

This has been verified by the FBI (their link is also included below). It is spreading fast so be prepared should you get this call. Most of us take those summonses for jury duty seriously, but enough people skip out on their civic duty, that a new and ominous kind of fraud has surfaced.


The caller claims to be a jury coordinator. If you protest that you never received a summons for jury duty, the scammer asks you for your Social Security number and date of birth so he or she can verify the information and cancel the arrest warrant. Give out any of this information and bingo; your identity was just stolen.

The fraud has been reported so far in 11 states, including Oklahoma, Illinois, and Colorado. This [swindle] is particularly insidious because they use intimidation over the phone to try to bully people into giving information by pretending they are with the court system. The FBI and the federal court system have issued nationwide alerts on their web sites, warning consumers about the fraud.

Check it out here: http://www.fbi.gov/page2/june06/jury_scams060206.htm

And here: http://www.snopes.com/crime/fraud/juryduty.asp

Thanks, Helen!

Thursday, September 25, 2008

More on email scams

The Silver Planet Newsletter this month carries a well-written and informative article on how to recognize and deal with email scams.

Recommended reading in a recommended email magazine.