Washington State Department of Financial Institutions

Avoiding Business Opportunity Fraud

Topics Covered:

What if I am a Victim?

If you feel that you have been the victim of a business opportunity fraud, the first step is to contact the company and ask for your money back.

Document every phone conversation, listing time, date, with whom you spoke, and the items discussed. It is also a good idea to document every time you spoke to an answering machine or support person.

Keep copies of all correspondence. Give them specific time frames for actions, and follow up at the appointed time.

Tell them that you plan to notify the authorities about your experience. Then notify the Securities Division in the state you live and the State Attorney General in the state they are headquartered. There will be formal complaint forms that they will send you. Fill them out and return them promptly.

Never send the originals of any documents back to the company. Send only copies.

Always send correspondence by certified mail, return receipt requested.