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An inventor promotion scam or invention promotion scam is a scam where inventors are lured to pay money for development of their invention, or promotion of it, without the development or promotion actually occurring. Some invention promotion firms have been found to engage in improper and deceptive practices. [5]
The US government estimates that hundreds of companies offer invention-promotion services and that “virtually all of them are either ineffective or outright fraudulent. One official at the U.S. Patent and Trademark Office says he believes there are fewer than a half-dozen legitimate invention promoters in the country”. [3]
According to the FTC, World Patent Marketing used threats of criminal prosecution and intimidation to discourage and suppress complaints. A review of emails done by Forbes featured an example of a woman who had filed a complaint with the Better Business Bureau after she had been unsuccessful in her attempts to negotiate a refund.
Acting U.S. attorney general (AG) Matthew G. Whitaker has come under fire for his association with an allegedly fraudulent patent company that involved cryptocurrency, U.S. news journal ...
Impersonation scams, where someone pretends to be with a popular company or government agency, are getting worse. Scam alert: Report shows which companies are impersonated the most [Video] Skip to ...
Access to a database of thousands of companies to review your idea. Total confidentiality and transparency. A reputable company with a solid background in the field. Assistance with a range of key ...
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