All that Glitters is Not Gold

GoldenStarsEN

There are some businesses that operate on the edge of the truth. You know them. You see them throughout the media, populating the web and video. While what they are saying may have some truth to it, it may not be the whole truth.

These companies will give something of value for your investment (though not nearly to the level of your investment). Because of that, many of these companies are legal and operate legitimately, albeit at the edge of legitimacy.

What we are asking you to do is to be skeptical of the claims these companies make. Use your common sense. The old adage remains true: if it seems too good to be true, it probably is.

For instance, there’s a company that sells “historical bonds,” claiming they have exceptional value. They do have value as collector’s items, but nothing more. The bonds were paid off in the 1800s after a bankruptcy. Another company claims that being a member can help you stop a mortgage foreclosure and your loan can be paid in full. You do receive some value for your “membership,” but the company often falls short of its claims.

There are several resources that can help you stay on guard against potential scams, such as the U.S. Treasury Fraud Alerts page, or our Merchants Bank security page, or our Alerts page. Protect yourself and your family by taking the time to understand what is being offered and your true costs.

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