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Money Rehab with Nicole Lapin

How to Spot a Fake with Retail Expert Hitha Herzog

Money Rehab with Nicole Lapin

Money News Network

Education, Business, Self-improvement

4.61.7K Ratings

🗓️ 2 September 2021

⏱️ 17 minutes

🧾️ Download transcript

Summary

When you buy a fake product, not only are you being scammed… but you also may be unintentionally funding some pretty troubling operations. Today, Nicole talks to premiere retail expert Hitha Herzog on how to spot phony products and protect your wallet! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Hey guys, are you ready for some money rehab?

0:05.1

Wall Street has been completely upended by an unlikely player. Game stop.

0:09.6

Dean and should I have a 401k, but I don't do it?

0:12.6

No, I know.

0:15.3

I don't think the whole world will revolve around you on your money.

0:17.6

What a dumb shit.

0:19.8

Charge for wasting our time.

0:23.8

I will take a check.

0:24.9

I got a full check.

0:26.5

You recognize her from entering on CNN, CNBC, and Bloomberg.

0:31.5

The only financial expert you don't need a dictionary to understand.

0:35.5

The cold lap in.

0:37.5

Before last year, you might not have noticed the way prices rise and fall at your local pharmacy.

0:43.5

But during the pandemic, price fluctuations became hard to ignore.

0:47.5

All of a sudden, we were paying premiums for toilet paper, hand sanitizer, soap,

0:52.5

all sorts of products that formally toted consistent price tags.

0:55.5

With these changes in price, a new market for fakes was born.

0:59.5

People started selling phony hand sanitizer, fake and 95 masks, and more.

1:05.5

These fakes are much more troubling, of course, than your standard fake designer purse

1:10.5

because this new wave of fakes were promising to keep people healthy, not just trendy.

1:16.5

This new corner of the black market has opened up a can of worms for us consumers.

1:20.5

And now more than ever, people are asking more questions about their consumer rights.

...

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