Operation: Short Change
Feds bust five local scammers in Van Nuys.
They’ve been offering consumers help in repairing bad credit, landing new jobs, starting lucrative work-at-home businesses and obtaining government money to pay off bills. These scams — which are surging along with the jobless rate — are touted on websites and infomercials, and have bilked consumers out of hundreds of millions of dollars, said David C. Vladeck, director of the Federal Trade Commission’s Bureau of Consumer Protection.
Schiller and Akerlof did a good job providing a historical context for scams during the Depression.
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