Her first book, Love and Consequences: A Memoir of Hope and Survival, about her alleged experiences growing up as a half white, half Native American foster child and Bloods gang member in South Central Los Angeles, was proven to be completely fictitious: she was actually fully white, grew up with her biological parents in the upscale San Fernando Valley community of Sherman Oaks and attended Campbell Hall, an affluent Episcopalian day school in the North Hollywood area of Los Angeles.  
While promoting the book in radio interviews with WBUR's On Point and NPR's Tell Me More, Seltzer spoke with an African American Vernacular dialect and frequently referred to alleged gang friends as "homies" and "my home girl."
The book's publisher, Riverhead Books, recalled all copies of the book and audiobook from booksellers, Amazon.com and Barnes & Noble pulled the purchase page for the book from both of their sites, while Riverhead has offered refunds to those who purchased it. The hoax was discovered when the publisher was contacted by Seltzer's sister.
- Jones, Margaret (2008). Love and consequences: a memoir of hope and survival. New York: Riverhead Books. ISBN 9781594489778. OCLC 180576296.
- Rich, M (2008-03-04). "Gang Memoir, Turning Page, Is Pure Fiction". The New York Times. Retrieved 2008-03-04.
- "Memoir of gangbanging, drug dealing is fake". CNN.com.
- Ashbrook, Tom (February 29, 2008). ""Love and Consequences" in South Central LA (RealAudio file)". On Point. Archived from the original on May 22, 2011.
- Martin, M (2008-03-05). "Margaret Seltzer Joins List of Fabricating Writers (RealAudio file)". Tell Me More. National Public Radio.
- "Love and Consequences, Margaret B. Jones, Book - Barnes & Noble". Search.barnesandnoble.com. Retrieved 2010-09-17.
- Kakutani, Michiko (2008). "However Mean the Streets, Have an Exit Strategy". New York Times. Retrieved 2017-07-25.