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Sneakiest consumer scams: how do bad guys try to defraud thee? Let us count the ways.

Consumer Reports

| September 01, 2007 | COPYRIGHT 2007 Consumers Union of the United States, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

OK, so you're savvy and smart and have steered clear of many frauds that cost Americans bilAlions of dollars a year. But you might not be aware of some new twists that crooks use to snare suspecting consumers.

For example, telephone-number "spoofing" technology, accessible through companies on the Internet, subverts a trusted consumer safeguard, caller ID, to make you believe a scammer is actually your bank or a government agency.

That was just one of the tricks we found when we trolled through the files of dozens of government agencies, indusAtry associations, and consumer groups that track crooked schemes. Another: A caller with insider investment ...

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