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Kentucky Targets Bogus Business OpportunitiesConsumers often duped by get-rich-quick schemes |
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September 19, 2007
Kentucky Attorney General Greg Stumbo has announced a crackdown on such schemes, saying any business opportunity requiring more than a $500 investment and offered to a Kentucky resident requires the offering firm to register with his office. In addition, the company must post a bond and disclose documents. Of particular concern, Stumbo says, is an increase in attempts to lure consumers into purchasing training and software for internet-based business and marketing. He says consumers should exercise caution and do careful research prior to purchasing such training or business opportunities. The Kentucky Office of the Attorney General and the Federal Trade Commission suggest consumers follow these tips before investing in any business venture or work-at-home opportunity:
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