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Beware of work-at-home stings.(MONEY)
THE FEDERAL TRADE Commission has gone after some 500 work-at-home schemes in recent years. Still, the recession and joblessness are mighty incentives for people to try programs that promise easy money. Our reporter sampled a few such offers. The result: He won't be giving up his day job.
'Stuff envelopes! Get paid!'
The setup. "Get paid $5 per envelope, up to $1,276.57+ weekly ... stuffing envelopes and mailing company circulars," said an EASYHomeJOB online ad, which also said you could earn as much as $350,000 a year.
The hook. We signed up for a free trial membership but then had to pay $67 for the EASYHomeJOB System, sold by IVI Global Enterprise of Buffalo, N.Y. The company, like the others mentioned here, had a Better Business Bureau rating of F.
The sting. The payment bought us access to a Web site with a guide to selling get-rich-quick information. Here's how it works: You place classified ads--"EARN $1,500+ Weekly"--online or in print to get customers to send you $5, for which you'll mail them reports such as "How to get big dollars in your mailbox every day!" and circulars for products like the EASYHomeJOB System.
We tried to contact the company by phone and e-mail but got no response.
'Assemble products at home'
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