ALABAMA A&M and AUBURN UNIVERSITIES
For more information,
contact Donna Reynolds, Extension Assistant Editor
PROTECT YOUR BUSINESS AGAINST SCHEMES, SCAMS AND FRAUD
AUBURN, JAN. 29---Every year businesses lose millions of
dollars to con games and fast-talking promoters through a variety
Using common sense in all your business dealings can help
protect you from schemers, says Georgia Aycock, Extension
resource management specialist with the Alabama Cooperative
Extension System. Not all strange sales or promotions represent
schemes against businesses, but it's important to ask questions
of unfamiliar service or sales personnel, telephone promoters or
A business that gathers all the facts should be able to
separate the scheme from the honest transaction. If you are in
doubt about a business proposition, the Better Business Bureau
provides the following suggestions:
Refuse to make commitments with unknown persons,
especially over the telephone or internet. Ask that all
advertising propositions, charitable appeals, requests for
biographical information and sales pitches of any type be made in
When dealing with publications, insist on verifiable
circulation figures, details of publication, dates, names ofpublishers, number of paid subscribers, and sample copies.
Institute strict controls in the accounting department.
The handling of invoices, for example, should be centralized and
authorization should be closely checked.
Keep a list of regularly used publications as protection
against schemers who claim that your company previously has used
When asked to donate to various causes, find out the
full name, address and purpose of the charity and ask for a copy
of the organization's latest financial statements. Make checks
payable to the charity itself, not an individual solicitor.
Compare the prices and quality of products with other
suppliers if you are offered a deal from an unknown person.
If a possible con artist approaches your employees, if you
want to find out more about a certain business proposition, or if
you have a complaint, contact your local Better Business Bureau.
SOURCE: GEORGIA AYCOCK, Extension resource management specialist,
Alabama Cooperative Extension System (334) 844-2215.