Small Business

Small business owners beware of these scams

David De Lossy | Photodisc | Getty Images

The warning still holds—watch out for telemarketing schemes that can do some serious harm to you or your business.

A group of men have been indicted in Las Vegas for a "telemarketing scheme that defrauded small business owners out of $2.5 million," the Las Vegas Review-Journal reports.

According to the indictment, the defendants convinced small business owners to pay them for services related to grant funding. Allegedly, the defendants did not offer any grant funding services and instead pocketed the money. The charges took place between 2009 and 2012, the journal reports.

"Advance fee fraud schemes are common and perpetrated for the sole purpose of ripping off unsuspecting victims to enrich greedy fraudsters," Nevada U.S. Attorney Daniel Bogden said in announcing the indictment, per the journal. "We are currently prosecuting a number of these cases in which the defendants prey on unsuspecting business owners who are seeking grants for their businesses."

Read the full coverage at the Las Vegas Review-Journal.

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