Fraud not only hurts the consumer...

hhope1 · #1 (**permalink**) 05-16-2006, 05:35 AM

There are so many different types of fraud out there. Many assume that fraud mostly hurts big banks and the consumer, but the smaller business can get stuck with the bill or lose product to con artists.

Theres the ever popular confuse the cashier while getting change for a twenty routine, in which the con ends up with more cash back than he or she gave out.

Credit Card Scams can leave the small business stuck in a hard place, because many credit card companies will refuse to pay the bill and the business loses product and cash.

Many con artists will convince small business owners to send them a 'sample' of their product or service in exchange for a promise to pay for it or return it if they don't like it. Once the product is received the 'buyer' disappears.

humpty · #2 (**permalink**) 08-10-2006, 09:28 AM

Yeah I agree, frauds like those hurt these small businesses even more, since they don't have that much of capital to play with, unlike those big banks and bigger companies

richiekotzenrules · #3 (**permalink**) 08-10-2006, 02:03 PM

I have to agree on this too. Small business owner start with a small amount and have to calculate with every single cent they have. If someone scams them and they loose money they run the risk of having to close down. Of course not when 1 customer does this, but normally there are so many people out there that are trying to pull one over on you that they loose quite a lot of money on them. I think it is sad to see how many people are comitting fraud and still feel good about it. I wish the world would be a little better, even if this is just a wish and I jsut can see it getting worse.

peachey · #4 (**permalink**) 08-16-2006, 01:39 PM

You are right and because of the fruad and people ripping people off is some of the reason people raise prices up on goods they sell to make the diffrence of the loses.

Years ago people were alot more honest. I remember when I was young and could down to the cornor store for my mom and purchase items she needed and they would bill her for it. Not how to many people rib people off and those of us that are honest suffer at times for it.

Really not fair to those that are honest. But I guess we dont know who is honest or not these days..and not only in money but also in thier words.

hassen1 · #5 (**permalink**) 11-02-2006, 03:23 PM

People generally get caught to fraudsters due to their own greed. In most cases the fraudsters offer attractive returns for your investment/product and so on. Therefore, you must always think whether what you are offered or getting is reasonable to the work/effort you put in. Then no one can cheat you. On the contrary, if you become greedy and be unreasonable your chances of getting caught to a con man are greater.

peachey · #6 (**permalink**) 11-02-2006, 10:49 PM

This is true and of course those of us that are honest and have been are the ones in the end getting hurt from those that are doing this.

Buy merchants or even banks and investments are becoming way out of line and have been for a long time due the fact of the fraud that the society has let go with a slap on the wrist.

People wonder why prices and cost of living is so high. One reason is this fraud. We have to make up the difference when this happen to help them to stay in business.

hassen1 · #7 (**permalink**) 11-03-2006, 12:05 AM

Help is simple. First we must get the law enforcement authorities (Police etc) to get hold of the culprits and even if you are unable to recover the monies that they have swindled they should be brought to justice and punished. Such punishment should be widely publicised so that it will act as a deterrent to any would be fraudster and to others who are gullible. But I must tell you that in Asian countries the law enforcement authorities drag their feet. This has many reasons. One is that they are over loaded with many types of criminal work. So the priorities for "white collar" crimes are much lesser.

peachey · #8 (**permalink**) 11-03-2006, 05:10 AM

Here in the states is the same for the punishment that with the crime depends on how fast they act on it. And most the time if it is has not realling in danger someones life they go on and leave it or penelty is less then then should be.

I belive they should be punished the same no matter what or how much the fraud is. This also would stop alot of other starting to think of doing it and taking money from honest people.

humpty · #9 (**permalink**) 11-03-2006, 06:11 AM

depending on how fast they act on it??

shouldn't that be done immediately once the law enforcers found out about it?

hassen1 · #10 (**permalink**) 11-03-2006, 09:33 AM

In my experience with law enforcement agencies, I have found that they lack the capabilities to track cyber crimes. The main reason for them to act slowly is their lack of knowledge about the cyberspace. Most of them don't even know how the cyber operates. It may take years before they learn this. The best thing to do is people who want to do some business online should tread very carefully.

peachey · #11 (**permalink**) 11-05-2006, 02:55 PM

hassen1 this is somewhat true what you are saying.

I think thou most of us are talking about fraud with in our own country or city fraud is going on.

Humpty..I have to agree with you on that but sometimes it takes a while for all the evidence to come out to prove this is the right person that had done this. Or prove that they know where the source is coming from or going.