U.S. Targets Get-Rich-Quick Schemes

(AP)  The economic downturn appears to be bringing out the worst in some people.

The Federal Trade Commission has announced a major crackdown on those trying to take advantage of people worried about the tough economy by promising jobs that don't exist, get-rich-quick schemes and other phony services.

One of the 15 cases announced by the FTC - as part of "Operation Short Change" - involved a company that marketed infomercials for "John Beck's Free & Clear Real Estate System" and other alleged get-rich schemes. The FTC said the defendants made bogus claims about the ability to raise cash fast.

The agency said that more than 600,000 people were duped out of about $300 million. The sweep also included dozens of additional cases filed by the Justice Department and at least 13 states.

[blog_fever2]

I bought that john beck system years ago, then I found out the truth... I hope they do crackdown on these folks.

[ianlou]

Wow!
You know the Republicans are no longer in charge when the government starts cracking down on scam artists instead of inviting them to campaign fundraisers and giving them cute names like Brownie and Kenny Boy.

[hungry1968-15]

Nice!!

[antoniof123]

LOL....

Well, said!