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One of the most popular categories of fraud is the Contractor Fraud(also known as Home Building Fraud or Home Renovation Fraud). This term applies to the illegal practice of renovating, reforming, repairing, rebuilding personal property by misrepresentation of services, inflation of costs and project remuneration. It is usually practiced by small firms, or incredulous individuals that guarantee quick repairs for low prices. Generally, those repairs and upgrades are unnecessary, or even harmful for your property.
Do not forget that not all the contractors are con-artists – most of them are honest workers, but still be careful with all the warning signs that we will mention below and make sure you do everything possible to protect your budget and your property.
It is well known that U.S. Food and Drug Administration (FDA) is the oldest consumer protection agency in the U.S. Federal Government and it is responsible for protecting public health in the areas of:
Human and Veterinary Drugs
Nation’s Food Supply
Products that emit radiation
Product recall is defined as removal from the market when the company discovers a problem on their own and decides to recall the product or a product is removed by FDA. A correction can be made to the product due to its defects or potential harm. There can be three Classes of recalls. Class I recalls include products that would cause serious adverse health consequences or death. Class II recalls are applied for those products, which use may cause temporary reversible adverse health consequences. Class III recall is a situation in which a product is not likely to cause adverse health consequences.