Business Scammers Beware: Clear Business Directory and CEO Space Partnership Brings Transparency to Business

Business scammers everywhere can count their days numbered. A new partnership aims to put a serious dent in the unopposed, smarmy practices of businesses that take advantage of entrepreneurs and business owners. The Clear Business DirectoryTM (CLEAR) and CEO Space International, Inc. (CEO Space) join forces to send a clear message that preying on business conferences is no longer a lucrative business strategy. The vetting practices of CLEAR, founded in government counterintelligence principles, and the long history of CEO Space in growing successful businesses combine to create the perfect team to send business scammers packing. Over the years, business conferences have become fertile hunting ground for fraudulent business practices. The energized atmosphere and ambiance of camaraderie create a cesspool for those who've mastered slick sales techniques and get-rich-quick schemes. “We have a clear and long-standing culture of collaboration. Unfortunately, some people try to take advantage of that by promoting fraudulent businesses. [...]

Methods for Avoiding Fraud

What are the best methods for going for avoiding fraud? We here this question all the time. It’s kind of funny because everyone that always ask this question is typically in business. And by their very nature, business owners and entrepreneurs are risk takers. Business owners and entrepreneurs have a different risk aversion level than most people. Because of such, whenever an opportunity comes along, we want to stop and ask ourselves: Is this an opportunity? Because business owners and entrepreneurs are risk takers, oftentimes, they don’t do their due diligence. Essentially, the question comes down to: How do you determine a fraud from an opportunity? They are similar. We get asked this question all the time. People will say, “Hey, I got presented with this opportunity. What do you think?” There are some simple things you can do. Of course, we incorporate everything from our experiences and our intuitive [...]

How to Avoid Being a Victim of Consumer Fraud

 There is a simple process you can use to avoid being a victim of consumer fraud. If you implement this process before making any purchasing decision, you can avoid a loss of time or money and huge headaches in the process. Step 1: Think As silly as it may sound, people tend to make purchases without really knowing what they’re buying. And people who engage in frauds and scams KNOW THIS. They bank on people not paying much attention to what they’re doing. It’s much easier than it sounds to get pulled into an emotional or impulse purchase situation without fully understanding the offer. Moreover, with the advent of online shopping, it’s difficult to know if you will actually receive anything once you make the purchase. It’s super easy to create fictitious purchasing sites with falsified reviews. Whenever possible, make sure you only purchase from legitimate, verified sites. Step 2: [...]

Fraud Detection on Facebook

Fraud detection on Facebook can be  easy,  especially if you  know how to look for the signs. Fraud detection becomes even harder when the person you are connecting to appears to have multiple friends in common. Here are ten things to help you identify potential fraud on Facebook: 1. You receive a friend request from someone you never met. 2. You receive a friend request from someone who appears to have common friends. 3. After accepting the friends request, the person engages you in conversation that has nothing to do with your business. 4. The conversation moves from business to personal conversation very fast. 5. The person makes up some unreal story (i.e. they’re a secret agent or an undercover reporter in the middle east, etc.) 6. The person only has one or two pictures on their profile. 7. The person appears to have no history of posting on their [...]

Fraud Protection Through Transparency…The New Way of Doing Business

Fraud protection through transparency is the new way of doing business. Let’s face it…the old ways of doing business are dying. Long gone are the days of hiding information or passing a sub-par service off as legitimate. Your clients know when something doesn’t seem right, they feel it just as you do when you engage with someone who isn’t being authentic. Today’s customer looks for businesses that operate within some sort of ethical code, moral based system, or have a foundation of social entrepreneurism. It’s simple really… people want to connect. They’re looking for authenticity and they want to know they can trust the businesses they engage. People are tired of getting ripped off and they’re tired of giving money to the wrong people. They want to know who is behind the business, what they stand for, and if they operate in integrity. Yes, your clients still want value, [...]

Avoiding Business Fraud with Confidence

Business fraud is easily prevented when you do your due diligence. However, the concept of Due Diligence is both confusing and terrifying to most business owners. People constantly come up to us and, in hushed, confidential tones, confess they have no idea how to do due diligence for their business. They’re typically scared of trusting the wrong person, but they don’t know how to make sure to find the right one. That’s where we come in. By demystifying the due diligence process, we empower business owners to take control of their decision-making process and operate with confidence. We help them verify that the people they involve in their business are who they say they are and can do what they say they can do. This minor tweak to their business approach changes EVERYTHING. Imagine this scenario: Your business needs a new website. You open the yellow pages, contact your network [...]

Types of Fraud: Vulture Capital vs. Venture Capital

There are all different types of fraud business owners should look for. However, when your looking to raise capital, fraud is typically the last thing on your mind. That's because raising capital is exciting. Having the money to fuel your business is an entrepreneur’s dream. The reality of the matter is there are scammers, fraudsters, and “opportunities” out there that prey on entrepreneurs raising funds. We call these types of people “Vulture Capitalist.” Getting involved with a Vulture Capitalist is one of the fastest ways to lose your dream. Here’s how to recognize Vulture Capital: The opportunity requires sizable money up front. This is ALWAYS a red flag. If you have to pay money up front before you actually receive ANY capital, then buyer beware! If you owe money up front in the form of a “finder fee,” a “funding fee,” a “service fee,” etc…then you’re at risk of being [...]