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Clark Howard's Tips

April 20, 2006

Clark is a huge fan of inventors and people who have a great idea they want to market. On the flip side, he despises criminals who take advantage of these inventors with phony marketing schemes.

Most of them tell ask for a small fee to find out about the popularity of the product. They come back and tell the inventor that the product got a great response in testing and will make tons of money if marketed.

That's when they tell these inventors they have to pay much more money to get the product marketed. Then they take off with $6,000 to $15,000 of your money.

One group, Davison Associates, was recently busted for stealing $26 million from would-be inventors. That is just one group of many committing this crime.

This phony scam has been going on since Clark has been in radio and you need to be careful.

Consumer advice courtesy of