Victory State Bank Warns Of ‘Envelope Stuffing’ Scam
STATEN ISLAND, N.Y. -- In both good and bad economies, many people look for ways to make some extra money; at the same time, fraudsters are seeking ways to steal from these individuals before they even begin to earn.
The Federal Trade Commission (http://www.ftc.gov) warns of numerous scams, one of which is “envelope stuffing.”
Unsuspecting people get roped into this particular fraud by responding to an advertisement that invites individuals to learn how to make a lot of money by stuffing envelopes at home.
A fee is charged in advance.
But once you pay, you find out the promoter never had any work to offer.
Instead, after you send in your money, you get a letter telling you to get other people, even your friends and relatives, to buy the same envelope-stuffing “opportunity” or some other product.
The only way you can earn any money is if people respond the same way you did.
About Victory State Bank:
VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com .
Relevant Public Relations, LLC