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New Web Scam: Free Stimulus Money

The troubled economy and Obama administration's stimulus bill have led to an increase in Internet scams. Consumer protection experts are warning Americans to not be taken in by so-called promises for free stimulus money.

March 13, 2009

1 Min Read
New Web Scam: Free Stimulus Money

The combined dismal economy and promise of stimulus money has led to an increase in cons on the Web. Scammers are promising everything from grant money to help you buy a car or home to simply "free stimulus money." 

 “They’re advertising them on search engines like Google and on social networking sites like Facebook. They’re also promoting them in chat rooms,” says Susan Grant, director of consumer protection at the Consumer Federation of America.

Consumer protection experts are warning Americans to not be taken in by these scams. “Don’t fall for it,” warns Eileen Harrington, acting director of the Federal Trade Commission’s Bureau of Consumer Protection. “There is no money in the stimulus package to send out individual checks to people.”

Source: MSNBC.com, Free Money From Stimulus? Are You Kidding?

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