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Money

Warning signs of used car schemes

Warning signs of used car schemes
BY CAROL ABAYA
NEWJERSEYNEWSROOM.COM

The National Consumer League’s Fraud Center has issued an alert to people in the market for a used car this spring. Unscrupulous sellers are looking to “take buyers for a ride,” according to NCL.

With the arrival of the peak car buying season, NCL says there is the increased risk of buyers falling victim to scams. “Con artists prey on consumers in search of a bargain,” warns the NCL.

Most of today’s car selling/buying schemes involve the internet. NCL describes the process: a classified listing is on any of a number of popular sales and auction sites such as craigslist, Yahoo!Autos, or eBay. The listings are generally for late model cars, often luxury brands, at well below market value.

In the schemes, when the victim contacts the scammer, he or she is told that the seller is not local and that payment for the car itself or for shipment should be sent via a wire transfer to the seller. Often, the seller claims to be a member of the armed forces who is either already deployed or preparing to deploy overseas. Therefore, quick payment is necessary to ensure that the buyer receives the “great deal” on the car.

 

Powerball winning numbers picked by Costco workers

Powerball winning numbers picked by Costco workers

Long Island group will share over $200 million; two second-place winners from New Jersey

BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Powerball's jackpot will be going back to its beginning mark of $20 million for ...

Tips on renovating: Picking a contractor and using New Jersey's Better Business Bureau

Tips on renovating: Picking a contractor and using New Jersey's Better Business Bureau
BY GERALD J. ROBINSON
NEWJERSEYNEWSROOM.COM

Suppose you’re going to install a new kitchen or have two grungy bathrooms renovated. Other than checking the references of contractors, is there anything els...

Powerball winning numbers worth $200 million

Powerball winning numbers worth $200 million
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

New Jersey lottery players have heard this story a few times already this year in lottery games, but the Powerball jackpot for Wednesday night’s drawing has now reached...

Jobless New Jerseyans can update their unemployment claim information via state website

Jobless New Jerseyans can update their unemployment claim information via state website

The state Department of Labor and Workforce Development announced Thursday that it has enhanced its website to enable the 418,600 New Jerseyans who are collecting unemployment insurance to update thei...

Mega Millions and Powerball tickets online?

Mega Millions and Powerball tickets online?
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

New Jersey is considering expanding its highly successful lottery program. Legislation proposed by Assemblywoman Annette Quijano, D-Union, would allow state lottery pla...

How come I’m always being taken to the cleaners?

How come I’m always being taken to the cleaners?
BY WARREN BOROSON
NEWJERSEYNEWSROOM.COM
BOROSON ON MONEY

I’ve been a financial writer lo these many years, yet it seems to me that salespeople are always taking advantage of me. I guess I just have to be...

Rutgers and White House to host urban entrepreneurship summit in Newark

Rutgers and White House to host urban entrepreneurship summit in Newark

Part of Obama effort to boost economy

The Rutgers University Business School’s Center for Urban Entrepreneurship & Economic Development (CUEED) is teaming up with the White House Business Council, ...

N.J. Economic Development Authority launches new green growth capital funding program

N.J. Economic Development Authority launches new green growth capital funding program

Loans and grants available for development of green technologies

The state Economic Development Authority Tuesday announced a new loan and grant program - the Edison Innovation Green Growth Fund (EIGGF...

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