Definition of White van speaker scam
The white van speaker scam is a scam sales technique in which a con artist makes a buyer believe they are getting a good price on home entertainment products. Often a con artist will buy inexpensive, generic speakers and convince potential buyers that they are premium products worth hundreds or thousands of dollars, offering them for sale at a price that the buyer thinks is heavily discounted, but is actually a heavy markup from their real value. Con artists in this type of scam call themselves "speakerguys" or "speakermen", and usually claim to be working for a speaker delivery or installation company.
The speaker scam was common in the 1980s. Despite widespread information about the scam on consumer forums and watchdog sites, the scams continue operating across several continents.
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Frequently asked questions
What is White van speaker scam?
The white van speaker scam is a scam sales technique in which a con artist makes a buyer believe they are getting a good price on home entertainment products.