Maine warns of ‘work at home’ schemes

Posted Jan. 11, 2012, at 9:47 a.m.

GARDINER, Maine — Maine officials are warning potential entrepreneurs to be wary of certain business investment schemes, especially “work at home” ventures.

State Securities Administrator Judith Shaw said Tuesday that her agency is available to help aspiring business people make sound decisions about business investment opportunities, especially “work at home” ventures marketed over the Internet, in television infomercials or by telemarketers.

Shaw says her office has seen an increase in complaints from investors who’ve lost money to a variety of fraudulent or aggressively marketed “work at home,” “business coaching” and similar schemes that guarantee a revenue stream or promise access to free grants or business financing.

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