Scam City! Grifters – and Consumer Protection – Are on the Rise, Officials Say

The economy might be in the dumps but it’s turning into a stellar year for consumer scams …  and government plans to combat them.

First, this just came in from one of the Metropolitan Police Department’s Yahoo groups: Beware of the telephone shysters posing as sales reps for the FBI. No, silly! Not the real Federal Bureau of Investigation. This one's an alleged alarm company peddling “free” security systems. The pitch starts off saying "you live in a high crime statistics area" and offers a free home alarm system in exchange for letting the company put an FBI sign on your lawn. It’s the latest twist in alarm system scams.

AFTER THE JUMP: More on D.C. confidence schemes and Obama's plans to take down abusive consumer lenders.

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