The holidays are the most wonderful time of the year - for scam artists.
The average American household will spend about $1,700 on gifts, but not all of it will go to legitimate businesses. In my new book, "Scammed: How to Save Money and Find Better Service in a World of Schemes, Swindles, and Shady Deals" [Wiley, $24.95], I put scammers in my crosshairs and expose their secrets.
It's open season on consumers this Christmas. But you don't have to be a victim. Here are the top seven holiday cons, both legal and illegal, and how to avoid them.
Follow Christopher Elliott on Twitter: www.twitter.com/elliottdotorg
Saundra Schimmelpfennig: Do's and Don'ts of Holiday Giving
Kevin L. Petrasic: CFPB Ratchets Up Consumer Complaint Surveillance
Coincidentally, I just saw a show called "Scammed" on the History Channel in which this routine (and its many variations) was outlined, and these tricksters can really rack up a pretty penny if they are good at it, and if they hit up a good number of people throughout the day/week/month/year/lifetime.
If you pay a high price for a toy at a store because you absolutely must have it, how is that being scammed either?
Did anyone think anything through before writing then posting this? Apparently not
:-)
They charge higher than normal prices, as mentioned.
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But also, many of those liquidators will run their store closing for weeks or months at a time, bringing in surplus stock from other stores the liquidator buys or is selling though other companies.