I just got a call, on my cell phone no less, telling me that I am required to visit a certain website to apply for my share of economic stimulus funds that will soon be available in my area. Needless to say I didn’t bother, it was an obvious scam, but with all those autodialers at the disposal of these criminals and hucksters, it occurred to me that calls like that are going out to hundreds of thousands, if not millions of people and enough of them are gullible enough to take the bait. Then I read this on BusinessWeek.com:
My sons own and operate an architectural/engineering firm and a steel fabrication firm. These are Main Street firms, needing operating capital. What department of the stimulus package do they apply to for a loan?
The answer went through how this person’s sons can apply for SBA loans backed by stimulus funds and then went on to talk about the fraud arising from the stimulus program, saying in part that:
Hundreds of com... [Read Full Article]