Business Opportunity Scams on the Rise – New Website Dedicated to Inform and Avoid More Victims

San Luis Obispo, CA September 23, 2007 – Consumers are loosing tens of millions of dollars every year due to fraudulent Internet home business opportunities. A new web site called Legitimate Home Based Business has been launched as a source of information and guidance to help entrepreneurs who are tired of these scams and desire financial independence.

The Internet is the newest medium that scam artists use to rip off people looking for a real business opportunity or just to increase their income. The victims of these frauds include stay at home parents, the elderly, unemployed, disabled, people with low income, true entrepreneurs, and people expecting to get rich quick.

The Department of Justice and the FTC are cracking down on these illegal operations. FTC Chairman Deborah Platt Majoras said “Bogus business opportunities trample on Americans’ dreams of financial independence. These scams offer only a money pit, where no matter how much time and money is invested, consumers never achieve the riches and financial freedom promised.”

Most people surfing the Internet looking for a home based business, work at home, or a business opportunity are victims of websites and advertisements containing systems or opportunities that either don’t work, are misleading, or whose only purpose is to take their hard earned money.

Sergio Ferreira, owner of Legitimate Home Businesses says “The best way to avoid being a victim of these frauds is by getting educated on the home business market in general. This includes reading articles about common home business scams, doing a background check on the potential company to join, checking the company out with the Better Business Bureau, and signing up only with companies that have a refund policy and customer support.”

Online business rip-offs continue to spread at an alarming rate. However, the launching of this website provides useful information, guidelines to avoid them, resources and planning. This important free data available can help reduce the number of victims of these business opportunity schemes.


About Legitimate Home Based Businesses

A website dedicated to provide information and guidance on how to avoid scams, how to choose the best legitimate business opportunity, articles and resources to help others succeed in their home business.

For more information, please visit: http://www.legitimate-home-based-businesses.net

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