Monday, October 30, 2006

Watch Out for the Fraud Hobgoblins this Halloween

In line with my previous post, here are some tips on how to avoid fraud. The link above goes to some of the more common frauds committed against unsuspecting consumers. These are the kinds of stories that make ideologies like Libertarianism and "free market Capitalism" so preposterous. And there are many forms of fraud and dishonesty that, in the law, do not rise to the level of criminal behavior. The only way to control such abuses is through a strong legal system that can enforce justice against such prevaricators. It is also why we need punitive damages to be available. We need to make sure that those who intentionally rip people off do not profit from their deception.

One of the hardest to detect is "affinity fraud." I have seen a lot of these in my lifetime that spread in the churches. My people are destroyed for lack of knowledge (Hosea 4:6).

We have bought from the brokers who have broken their oaths
And we're out on the streets with a lump in our throats

The kind of people who commit these kind of white collar crimes are usually very smart and they have become practiced liars. It takes a discerning mind to catch them and warn others of the traps they seek to spring on the gullible.