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Wednesday Links: Scams, Lawsuits, and Advertising

Posted by: John Tozzi on February 24, 2010

Beware scams where would-be financiers want advance fees before delivering loans. Crains reporter Steve Garmhausen looks at frauds targeting small businesses.

A Long Beach, Calif., veterinary hospital is suing Yelp, saying that the review site wanted money in exchange for removing negative reviews, Robin Wauters reports in TechCrunch (with Yelp’s response). The attorneys in the federal lawsuit are seeking class action status.

James Kwak at the Baseline Scenario dissects an ad JPMorgan Chase took out touting their efforts to lend to small businesses.

That big announcement with Intel and VCs putting up $3.5 billion to fund innovation? It’s not new money, Tomio Geron reports at WSJ’s VC Dispatch.

The FDIC’s Sheila Bair blames large banks for decreasing lending, Binyamin Appelbaum reports in the Washington Post.

Reader Comments

Sean Gallagher

February 27, 2010 1:03 PM

There are a lot of scams out there focusing on small business "government grants". There's an article that was posted on this at the SBA's Business.Gov site:
Maybe this is something worth covering?

John Tozzi (BusinessWeek reporter)

March 1, 2010 10:33 AM

Hi Sean, thanks for your note. We wrote about "government grant" scams a few years ago. Here's the link:

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What's it like to run your own company today? Entrepreneurs face multiple hurdles new and old, from raising capital and managing employees to keeping up with technology and competing in a global marketplace. In this blog, the Small Business channel's John Tozzi and Nick Leiber discuss the news, trends, and ideas that matter to small business owners. Follow them on Twitter @newentrepreneur.

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