The New Jersey Consumer Fraud Act – Three Essential Questions
What is consumer fraud? The New Jersey Consumer Fraud Act defines consumer fraud as “any unconscionable commercial practice, deception, fraud, false pretense, false promise or misrepresentation” in connection with the sale of goods, services or real estate. In this context, the word “sale” includes rentals in addition to the traditional sale of goods and services.What […]
The Most Common Types of Consumer Fraud
Those who commit consumer fraud are fraudsters who prey on ignorance. Therefore, the best defense against consumer fraud is education. Do not allow yourself to be victimized. Read the following and learn about the most common forms of consumer fraud.Mortgage Fraud According to the FBI, the victims of most modern mortgage scams are distressed homeowners. […]
Hackers Hijacking E-mails Sent to Homebuyers
The moment you are about to make the final payment for your new home before the closing should be one of sweet relief. It should be cause for celebration. Yet, a new scam has been discovered that is robbing this moment from potential homebuyers across the nation. According to FBI reports, reports of this scam have […]
Steer Clear of Summer Job Scams
Even experienced job seekers have fallen victim to employment scams. As college students begin to hunt for summer jobs, they become targets for fake job ads posted on social media, in local newspapers and on Craigslist. Scammers smell opportunity and prey upon their lack of experience. The most common form of summer job scam involves so-called […]
An Identity Theft Follow-Up
Last month, we posted an update on identity theft. It marked the anniversary of the passing of the Identity Theft Prevention Act. Victim statistics were shared, followed by tips on protecting oneself from thieves. We even learned what cryptographic algorithms were. By coding and decoding your private data, they block third parties from illegally accessing it. […]
An Identity Theft Update
This year marked the tenth anniversary of the passing of New Jersey’s Identity Theft Prevention Act. At the time, the federal government considered identity theft to be the fastest growing financial crime. According to Identity Theft and Phishing, a 2009 report from the NJ Department of Consumer Affairs, a thief steals someone’s identity and open accounts […]