OPEN finance expert Mike Periu on the different types of scams and fraud that surface after a disaster like Hurricane Sandy, Stay Aler for Sandy-Related Scams.
Most people respond to tragedies like Hurricane Sandy with a natural desire to help others through difficult times. A small segment of the population, however, responds differently; they see a ripe opportunity to commit fraud. In the days before Sandy hit, more than 1,000 Sandy-related domain names were registered. Many of these may be used to defraud unwitting consumers.
There are three main types of fraud expected to target consumers. Charity scams setup fake charities—many with similar names to famous charities—and target consumers for donations. Home repair fraud occurs when unlicensed contractors go door-to-door offering to make repairs with the endorsement of FEMA or some other agency when in reality they just plan to take your deposit and run. Finally flood-damaged car scams try to sell cars with water damage, which can lead to severe problems, without disclosing this damage to buyers.
Who is Mike Periu?
Mike Periu is the President of Proximo, LLC, a company that markets education and training programs to small business owners, entrepreneurs and consumers.
Mike Periu has been interviewed over 500 times for broadcasters including CNN, NBC TVE, RTE and others. Mike is a contributing author to OpenForum, Yahoo! Finanzas and the Huffington Post.
Mike graduated from Georgetown University in Washington, DC. His degrees are in Finance and International Business. In addition to his work Mike is also on the Board of the Council for Economic Education.
Learn more about Mike Periu
Mike works with small businesses to teach them about finance and management. He started Proximo, LLC, a company that offers small business education and training services focused on finance and technology.
Periu also writes for OpenForum, Yahoo! Finanzas the Huffington Post contributor.
Mike went to Georgetown University where he studied Finance and International Business. He also serves on the Board of the Council for Economic Education and was a Fellow at the Kauffman Foundation.
