Oregon State Treasury

Tobias Read OREGON STATE TREASURER

Promises of Riches After Upfront Fee

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Many scams -- both legal and illegal -- offer you plenty of payoff after you put up an initial payment.  There may even be testimonials from "real people" who supposedly made good money in such a fashion.  Don't fall into the trap of thinking that you're making a good investment without doing research.

Phrases to watch out for:

WORK AT HOME

Who wouldn’t want to work at home in their pajamas, part time, and make thousands of dollars? The trouble is, many of the businesses that promise that easy path to riches are based on people recruiting other people with that same promise. 


BUY A KIT NOW, MAKE BIG BUCKS LATER

It’s enticing to hear testimonials from people who say they earned big salaries after investing in a “startup package” that explains a business model. What the testimonials don’t tell you is the real business model: Hoping people are gullible enough to buy the kit.

UNCLAIMED PROPERTY “FINDERS” 

The state of Oregon has the unclaimed property of more than 1 million people, and you can search for free by visiting this link​. (Search all states here!) Some businesses say they’ll find property for you, for a price. But why buy it, when it’s free?

NIGERIAN SCAMS

There are many versions of this scheme, in which a person receives and unsolicited letter or email from a "dignitary" or well-connected person overseas, who promises big money if you provide your bank account number into which to wire the money. What really happens is your bank account gets emptied. Don’t ever do it.​