For many New Jersey residents, going about your daily errands means putting your faith in the people you conduct business with. From grocers and butchers to mechanics and salespeople, a considerable amount of trust is placed in those we deal with. When this trust is shattered by devious practices or false claims, what can consumers do? What can be done if you suspect you were the victim of consumer fraud?
What is Consumer Fraud?
Consumer fraud is any deceptive business practice designed to target customers and cause consumers to suffer either financial or another type of loss. In most instances, those who are the victims of consumer fraud feel that the activity or transaction they are taking part in is legitimate, when they are being ripped off. Some common examples of consumer fraud include:
Mortgage Fraud – Many deceitful lenders will prey on desperate homeowners struggling to make their monthly payments. These “rescue” schemes may involve skimming from payments or equity or fraudulent loan documents
Debit Card Fraud – Fraudsters may take a customer’s debit card – usually at a restaurant – and sell the information to others.
Fake Charities – Setting up, or falsely raising money for a bogus charity is a deceitful and hurtful practice which harms the charities these fraudsters claim to represent, by lowering the confidence in genuine fundraisers.
How to Combat Consumer Fraud
When it comes to consumer fraud, there are two ways to combat this devious practice: prevention and restitution.
Prevention of consumer-based fraud is multi-faceted and involves several relevant parties. The federal government, for example, has earmarked nearly $19 billion to deal with the threat of cybersecurity. Online fraud often takes the form of ransomware and malware attacks, something tech-giants like Facebook, Apple and Microsoft are continually attempting to counter. On the local level, preventing fraud involves keeping the public informed about the latest threats.
Locally, these preventative measures include reporting any scams to local consumer rights groups, the Better Business Bureau, the local police, or any other relevant organizations. Visiting USA.gov offers consumers an extensive list of appropriate agencies where they can report fraud concerns.
Prevention is an excellent way to ensure you don’t fall victim to future consumer fraud scams. But, what do you do if fraudsters have already victimized you? In these instances, restitution is your best bet. The Federal Trade Commission Act (FTC) is designed to help protect consumers from fraud and other deceitful business practices. The act created the FTC, which in turn created the Bureau of Consumer Protection, which combats fraud in business.
You Can Trust the Law Offices of James C. DeZao
The Law Offices of James C. DeZao have the experience and know-how to help fight consumer fraudsters and get you the financial and emotional restitution you need. These fraudsters are only out to rip you off – they don’t care about your feelings. Now’s your chance to get the compensation and restitution you deserve. Don’t just settle for any lawyer – choose the best. Choose the Law Offices of James C. DeZao, P.A. Call us today at (855) 432-2489 for a free consultation.