Tuesday, February 24, 2009

SBA Warns of Economic Stimulus Scam

Most of the scams discussed on this blog target individual consumers, but as I've mentioned in an earlier post, businesses can be scammed and even have identities stolen as well. The U.S. Small Business Administration is warning small business owners about a recent scam that involves the economic stimulus package.

The scammers sent letters to small businesses across the country on what appears to be SBA letterhead. The letter claims that the recipient business is eligible for a tax rebate under the Economic Stimulus Act. The letter goes on to say that the SBA is assessing eligibility and then asks for bank account information.

Obviously, the SBA did not send these letters, and the agency advises businesses not to respond.

This is apparently another attempt to take advantage of the difficult economic times and exploit the financial difficulties some businesses may be experiencing because of it.

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