Category: Scams
The analysis published under this category are as follows.
Thursday, November 24, 2022
FTX, The Rise and Fall of a Crypto Ponzi Scheme / Stock-Markets / Scams
By: MoneyMetals
By now, you have heard about the FTX exchange bankruptcy. But you may be justifiably desensitized. Desensitized because the frequency of crypto disasters is at least yearly.
This FTX crypto scandal is a next-level scandal reading like an over-the-top Hollywood film, a bizarre crypto con story ending badly.
FTX frontman Sam Bankman-Fried was in his twenties when he became a billionaire last year.
His daily routine is highly dysfunctional, and his personality is profoundly impaired. This contrasts with most con men who are charming and charismatic.
Read full article... Read full article...
Saturday, March 26, 2022
Buying a 'Pristine' iPhone mobile phone off Ebay, Empty Box? Did we Get Scammed? / Personal_Finance / Scams
By: Anika_Walayat
We bought a 'pristine' iPhone 11 off ebay, box has been delivered, does not weigh much, is there even anything inside of it? Did we just get scammed? Let's find out as we open the box to reveal either an expensive box or an iPhone.
Read full article... Read full article...
Tuesday, July 27, 2021
Bogdance - How Binance Scams Futures Traders With Fake Bitcoin Prices to Run Limits and Margin Calls / Currencies / Scams
By: HGR
Binance should be renamed as Bogdance given the myriad of scams that the worlds largest crypto trading platform perpetrates on it's users, with so many instruments such as the inverse leverage coins designed to extract funds from crypto traders it is near impossible for most to make any money trading on this scam platform. In this video I demonstrate Bogdance's fake Bitcoin futures prices designed to stop traders out of their positions, and the variation between spot markets and futures is not just a few percent but by huge margins to ensure stops are hit or margin levels are annihilated thus prompting position closures at the worst possible prices all to the benefit of Binance! Thus the Bogdanof twins are rightly proud of Binance the worlds premier Crypto Scams exchange!
Read full article... Read full article...
Sunday, April 05, 2020
PAYPAL WARNING - Your Stimulus Funds Are at Risk of Being Frozen for 6 Months! / ConsumerWatch / Scams
By: N_Walayat
Paypal seeing an opportunity in a crisis, one of wanting to manage the US Governments distribution of $1200 Coronavirus stimulus payments to every adult American who earns under $75,000 per year and $500 for each child and thus have started a campaign of buttering up the public and politicians in allowing PAYPAL access to YOUR STIMULUS FUNDS including sending out emails to account holders full of promises of help in this time of national crisis.
Read full article... Read full article...
Saturday, April 04, 2020
WARNING PAYPAL Making a Grab for US $1200 Stimulus Payments / Personal_Finance / Scams
By: N_Walayat
Paypal seeing an opportunity in a crisis, one of wanting to manage the US Governments distribution of $1200 Coronavirus stimulus payments to every adult American who earns under $75,000 per year and $500 for each child and thus have started a campaign of buttering up the public and politicians in allowing PAYPAL access to YOUR STIMULUS FUNDS including sending out emails to account holders full of promises of help in this time of national crisis.
Read full article... Read full article...
Friday, October 11, 2019
Why the Law Can’t Protect Your Money / Personal_Finance / Scams
By: Rodney_Johnson
I’m tired of the impeachment talk and it hasn’t really started yet. With the House working on impeachment inquiries in several committees, we’ll get a healthy dose of political doublespeak from everyone involved for at least the rest of this year. It’s already started to crowd other stories out of the news cycle. But we have to pay attention, because other things are happening that will directly affect us in the months and years to come.
We got a glimpse of our financial future at the end of last week when the first reports about Puerto Rico’s proposed financial settlement came to light. It’s not finished, but we know two things: The law will be ignored, and investors will get crushed.
Read full article... Read full article...
Saturday, September 22, 2018
Bitcoin Trader SCAM WARNING - Peter Jones, Dragons Den Fake Facebook Ads / Personal_Finance / Scams
By: Nadeem_Walayat
Earlier today whilst posting my most recent gold video on the Market Oracle's facebook group page, I immediately noticed a side link featuring an image of Peter Jones accompanied with the worrying message -
"Peter Jones In Deep Trouble"
http://businessinfodaily.com
The Family Of Peter Jones Are Shocked After Recent Bombshell Report."
Tuesday, August 07, 2018
Tourists Getting Scammed on Westminster Bridge London - Three Cups Find the Ball Scam / Personal_Finance / Scams
By: N_Walayat
One of the must do's for all tourists visiting London is to go on a walk along Westminster Bridge, and tourists being tourists tend to drop their guard down to take in as much of the sights and sounds whilst on their holiday.
Unfortunately this leaves tourists open to getting scammed as this video illustrates it's really easy to fall victim to a scam as the unsuspecting tourists, such as Anika here are buttered up by with what seems like an easy to win game. Of course it's meant to look easy to win, that is until one puts their own money on the line.
Read full article... Read full article...
Tuesday, April 05, 2016
Has the Financial World Learned its Lesson from Madoff? / Personal_Finance / Scams
By: Boris_Dzhingarov
The idea of anything as devastating as the Madoff scandal ever happening in the financial world again is a terrifying one; the Ponzi scheme is considered one of the biggest economic crimes of recent years, affecting thousands of private and corporate investors. Many of its victims are still attempting to rebuild their lives, despite almost eight years passing since Bernie Madoff’s tearful confession to his sons one December evening in 2008. It’s therefore not difficult to see why so many are fearful of history repeating itself. Two big questions remain unanswered though; why was Madoff allowed to get away with his scheme for so long, and has the financial world really learned its lesson?
Read full article... Read full article...
Friday, December 25, 2015
PPI Refund Claims Scam / Nuisance Call Christmas Fun - Cold Callers Beware! / ConsumerWatch / Scams
By: N_Walayat
If people actually answered the phone every time it rang then no one would get any work done! For the people of Britain, as amongst of most developed countries, are subject to a daily barrage of cold callers trying to sell or scam their way out of ones hard earned money or whatever one may be legitimately entitled and PPI cold callers must rank near the top of the nuisance / scam callers list.
Monday, July 22, 2013
China’s Bernie Madoff Illustrates the Dangers of Doing Business in China / Politics / Scams
By: Money_Morning
Tara Clarke writes: Zeng Chengjie, a real estate developer who has been likened to "China's Bernie Madoff," was executed by the government last week for fraud and illegal fundraising.
The businessman allegedly defrauded more than 57,000 investors out of approximately RMB2.8 billion (US $460 million), of which RMB1.7 billion has been returned.
Read full article... Read full article...
Wednesday, March 13, 2013
How Twitter Social Media Stock Scams Could Put Your Money at Risk / Companies / Scams
By: Money_Morning
David Zeiler writes: Social media stock scams - the use of tools like Twitter to spread misinformation to manipulate equities - is one more thing for retail investors to worry about.
A series of incidents over the past several months have put social media stock scams on the radar screens of the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the Federal Bureau of Investigation (FBI).
Read full article... Read full article...
Thursday, March 07, 2013
Big Privacy Risk That Could Cost You Your Job / Politics / Scams
By: DailyWealth
Dr. David Eifrig writes: Major Zane Purdy's life imploded in just three months...
Purdy, a defense contractor and Air National Guard officer, used to earn a six-figure salary. Then, according to the Montgomery Advertiser, thieves stole his identity. They decimated his credit rating.
Thursday, February 07, 2013
The 10 Greatest Financial Scams in History / ConsumerWatch / Scams
By: Money_Morning
Over the past 40 years, only one new entry has been added to the Federal Bureau of Investigation (FBI) roster of "Top 10" investment scams - the very broad category of "Internet fraud."
The other financial rip-offs listed are merely new versions of tried and true swindles that have been around for decades or more - from Ponzi schemes and pyramid systems to phony stock offerings and commodity cons.
Read full article... Read full article...
Thursday, December 06, 2012
Sophisticated Smartphone Hacking: 36 Million Euros Banking Theft / ConsumerWatch / Scams
By: DK_Matai
A sophisticated digital attack involving smart mobile phones has been used to steal 36 million euros or 47 million dollars from corporate and private banking customers across Europe. The attack appears to have emanated from cybercrime servers in the Ukraine. Android and Blackberry mobile devices have been specifically targeted, showing that attacks against Android devices are now a growing trend. A new customised version of the Trojan spyware application "Zeus" called "ZITMO" or "Zeus-In-The-MObile" has been deployed, which security companies have called Eurograbber. This enables a two-stage Trojan virus attack to progress that spreads from a victim’s Personal Computer or PC to their mobile telephone. Eurograbber marks the first such case of PC-to-mobile Trojan malware targeted specifically at online banking. More than 30,000 online banking customers in Germany, Italy, Spain and the Netherlands have been affected by this attack.
Saturday, August 04, 2012
Lessons From the Full Tilt Ponzi / ConsumerWatch / Scams
By: Ashvin_Pandurangi
In the midst of the Eurozone crisis and corporate bankruptcy scandals such as MF Global last year, a smaller-scale yet meaningful scandal went relatively unnoticed. This scandal erupted on what poker players now call "Black Friday" - April 15, 2011. That was the day when U.S. federal authorities unsealed indictments, seized the domains and assets of the three most popular online poker sites - Full Tilt Poker, PokerStars and the Cereus network (Absolute Poker) - and arrested the owners. Hundreds of thousands of U.S. poker players were locked out of their online accounts and separated from their funds.
Thursday, January 19, 2012
JP Morgan Chase Accused of 'Brazen Bankruptcy Fraud' / Stock-Markets / Scams
By: Jesse
Maybe this was their warm up for the shenanigans in the MF Global bankruptcy case. Or their long term manipulation of the silver market.
If these allegations are true, why doesn't the California Attorney General or the Justice Department investigate this criminal conspiracy to abuse the legal system? (rhetorical question).
Read full article... Read full article...
Friday, December 09, 2011
Jon Corzine Dodges the Fraud Question / Politics / Scams
By: Janet_Tavakoli
It's as if Jon Corzine's PR machine is in top spin mode. You'll recall Jon Corzine is the former head of Goldman Sachs and former CEO of MF Global that appeared in front of Congress yesterday to answer questions about an estimated $600 million to $1.2 billion in missing money from the segregated accounts of customers of MF Global.
Yesterday and today, I heard confusion about whether or not MF Global's diverting customer funds was allowable and the possibility that customers will eventually get the money back.
Read full article... Read full article...
Wednesday, November 23, 2011
Gerald Celente Loses Six Figures in MF Global Bankruptcy, Investors Beware / Commodities / Scams
By: GoldSilver
Those of you who frequent the Gold Silver News, know and recognize Gerald Celente, the founder and publisher of The Trends Journal.
This past week Mr. Celente revealed that he has lost more than six figures of funds with Lind-Waldock, a commodities futures brokerage that was owned by MF Global (who filed for bankruptcy on October 31, 2011).
Read full article... Read full article...
Friday, July 15, 2011
My and Warren Buffetts Facebook Fraud, The Antisocial Network / Companies / Scams
By: Janet_Tavakoli
I don't use Facebook. Neither does Warren Buffett, but phonies have used his name on Facebook. Earlier this month, an imposter created "my" profile on Facebook. In order to get the fake removed, Facebook required an uploaded scan of a government issued I.D. that shows a photo and birthdate (for example, a driver's license or passport). Facebook suggests one black out the most sensitive information and claims it will delete this scanned information from its servers once identity has been verified.
Monday, February 28, 2011
American Monster, Excerpts from The Madoff Tapes / Stock-Markets / Scams
By: Jesse
Here are some brief excerpts from a story in New York Magazine called The Madoff Tapes. The story runs to nine pages, so consider this just a taste and read the whole thing when you have the time. I thought Steve Fishman did a terrific job of letting Bernie talk and of presenting his thoughts in a orderly manner without a lot of interpretation and editorial intrusion. He has real talent as an interviewer, and seems a natural reporter.
Monday, February 21, 2011
Madoff Talk Excuses From Crimes, Says Banks Didn’t Want to Know About His Ponzi Schemes / Politics / Scams
By: Danny_Schechter
Thank you Bernie for breaking your silence, even if you are still clinging to that cover-up mode you adopted since your guilty plea took all the blame for your crimes on yourself.
What is clear is that ripping off the rich is punished far more severely than ripping off the poor. The lengthy sentence you were given has spared who knows how many other greedsters and goniffs from facing the music, what music there is.
Read full article... Read full article...
Sunday, December 19, 2010
Madoff lawsuits charge JPMorgan and HSBC with complicity in Ponzi scheme / Companies / Scams
By: Global_Research
Andre Damon writes: Two years after the arrest of Bernard Madoff, ample evidence has emerged that a substantial number of major financial institutions profited from and knowingly facilitated his Ponzi scheme.
Irving H. Picard, the trustee for the investors who were defrauded by Madoff, filed a lawsuit against JPMorgan Chase on December 2 alleging that the bank knew that Madoff’s transactions were fraudulent but continued doing business with him.
Read full article... Read full article...
Saturday, October 30, 2010
Fraud Caused the 1930s Great Depression and Current Financial Crisis / Stock-Markets / Scams
By: Washingtons_Blog
Robert Shiller - one of the top housing experts in the United States - says that the mortgage fraud is a lot like the fraud which occurred during the Great Depression. As Fortune notes:
Shiller said the danger of foreclosuregate -- the scandal in which it has come to light that the biggest banks have routinely mishandled homeownership documents, putting the legality of foreclosures and related sales in doubt -- is a replay of the 1930s, when Americans lost faith that institutions such as business and government were dealing fairly.
Read full article... Read full article...
Wednesday, September 01, 2010
10 Financial Scams For Investors to be on Guard Against / InvestorEducation / Scams
By: Money_Morning
Larry D. Spears writes:When Peter Allen and Carole Bayer Sager wrote the tune "Everything Old Is New Again," they were probably hoping for no more than a Top 40 hit. Instead, the song became an oft-recorded classic, mostly because the title proved a truism in so many areas - especially in the seamy world of financial fraud.
Thursday, December 10, 2009
Go Go Hamster Buying Spree and Christmas Shopping Scams 2009, Emails Alert / ConsumerWatch / Scams
By: Nadeem_Walayat
With Christmas 15 days away shoppers need to be on guard against scammers taking advantage of the rush to buy, especially during the final week in the run up to Christmas.
Read full article... Read full article...
Friday, December 04, 2009
Investment Fraud after Investment Fraud, Another Ponzi Scheme Comes to Light / Stock-Markets / Scams
By: Andrew_Abraham
So many thought all the investment frauds would have ended already. However more and more have come to light. One investment fraud which shocked me was Scott Rothstein who I knew from college.
Read full article... Read full article...
Tuesday, October 20, 2009
Anatomy of the Billion Dollar Prime Bank Program Scam / Stock-Markets / Scams
By: Money_Morning
Shah Gilani writes: Two years ago, an associate of mine lost $100,000 because he didn’t listen to me. A year ago, I saved a manufacturing company from the same scam. And just last week I saved a friend of mine $300,000.
For several years now, a far-fetched but seemingly plausible investment opportunity has been wreaking havoc across the globe. In the United States alone, an estimated $10 billion has been lost in this particular gambit. The scheme is typically hidden behind such legitimate-sounding names as “Prime Bank Trading Programs,” “High-Yield Investment Programs,” or “Roll Programs.”
Read full article... Read full article...
Monday, July 27, 2009
Post Traumatic Stress Disorder PTSD Trauma Industry Scroungers / Politics / Scams
By: John_York
BBC1 Panorama programme later today at 8.30pm (UK), and available afterwards on BBC Iplayer investigates the great gold rush that is on in the British trauma industry that has exploded up in recent years to more than a £7 billion annual industry.
Read full article... Read full article...
Friday, July 03, 2009
Free Bernie Madoff / Politics / Scams
By: MISES
Jeffrey A. Tucker writes: Bernie Madoff stole billions from the customers of his phony investment funds, running a racket rather than a financial service. People who aren't even his victims are furious, and nearly everyone enjoyed a 10-minute sense of vengeance when the judge threw him behind bars for 150 years.
Friday, June 26, 2009
Bernie Madoff, Will Other Financial Criminals Be Investigated And Prosecuted? / Politics / Scams
By: Global_Research
Danny Schechter writes: “indeed “ adverb
1 used to emphasize a statement or response confirming something already suggested : it was not expected to last long, and indeed it took less than three weeks | “She should have no trouble hearing him.” “No indeed.”
Read full article... Read full article...
Saturday, June 06, 2009
Recession Pyramid Schemes Scam Warning / ConsumerWatch / Scams
By: Consumer_Direct
Government advice service Consumer Direct is urging people to avoid falling victim to pyramid schemes which are costing UK consumers an estimated £420 million a year.
Read full article... Read full article...
Saturday, June 06, 2009
Selling Your Car? Cold Calling Buyer Matching Scam Warning / ConsumerWatch / Scams
By: Consumer_Direct
Consumer Direct, the OFT-managed advice service, is warning consumers about vehicle matching scams which cost UK consumers nearly £3 million every year.
Read full article... Read full article...
Wednesday, April 22, 2009
Madoff Financial Scam Billions of Lost Dollars / Personal_Finance / Scams
By: Global_Research
Lawrence R. Velvel writes: I’m probably missing something, in fact I’m probably missing a lot, but as far as I know there has been little in the way of official release of certain crucial numbers related to the Madoff scam. The government has said that $65 billion was lost; I presume that $65 billion is the collective total shown on the November 30, 2008 statements, and it therefore is the number I shall use here for the total loss. It has been estimated at various times, if memory serves, that there were either 8,000 accounts or 13,000 accounts. But these would seem to be the number of accounts listed with Madoff, and, since a feeder fund was but one account, these numbers do not include any of the persons who invested through the feeder funds. It has also been estimated -- with what accuracy I have no idea -- that if you were to count all the people who invested through feeder funds, pension funds, etc., there are 50,000 people who lost money with Madoff.
Thursday, April 02, 2009
Madoff Ponzi Scheme Collapse in Perspective / Politics / Scams
By: Mike_Stathis
The Savings & Loan Crisis had Michael Milken. The dotcom charade had Bernie Ebbers, Kenneth Lay, and Jeffery Skilling. These men have been selected as the scapegoats to distract the public away from the real criminals that caused each crisis. And now, the world's largest real estate and banking crisis – much larger than all previous heists combined – has Bernie Madoff. He will serve the same purpose. Read full article... Read full article...
Thursday, March 19, 2009
Financial Scams Go Global, Here’s How to Avoid Being Stung / InvestorEducation / Scams
By: Money_Morning
Mike Caggeso writes: Madoff's guilty plea to a decades-long $50 billion-plus Ponzi scheme pretty much guarantees the 70-year-old will have his likeness immortalized on the Mt. Rushmore of scammers. Read full article... Read full article...
Thursday, March 12, 2009
Recession Investment, Debt, Housing and Identity SCAMS to Watch Out for / ConsumerWatch / Scams
By: Money_and_Markets
Larry Edelson writes: I'm taking a different path in this issue. I'm going to discuss a few things that hardly anyone is warning you about.
Yet, they're so important, they simply cannot be overlooked. To do so would be foolhardy.
Read full article... Read full article...
Wednesday, January 28, 2009
Wall Street Snake Oil Salesmen Selling Deflation / InvestorEducation / Scams
By: Oxbury_Research
Wall Street Snake Oil - I'm sure that movie buffs are familiar with the snake oil salesman character which appeared in many Western films. He was a “doctor” with dubious credentials that traveled by covered wagon from town to town. The fast-talking salesman would sell “medicine”, such as snake oil, using lots of marketing hype and bogus “evidence”. Read full article... Read full article...
Wednesday, January 21, 2009
A Bernie Madoff scam cannot exist under “traditional” portfolio management / InvestorEducation / Scams
By: Joseph_Toronto
“Traditional” asset management carries with it one cardinal rule which, by definition, simply does not permit a Bernie Madoff style fraud, ponzi scheme, or any other generic scam. By now most have read about the collapse of the Bernie Madoff hedge fund as roughly $50 billion of investor funds vanished in what turned out to be a gigantic ponzi scheme and the largest scam ever.Read full article... Read full article...
Thursday, January 15, 2009
Wall Street Corruption & Despair Continue / Stock-Markets / Scams
By: David_Vaughn
Can you believe a 50 billion dollar ponzi scheme?
Seems a lot of folks prized their friendship with Bernard Madoff. He must have been “Uncle Bernie” to the scores of wealthy investors who trusted him and loved those guaranteed 10 to 12% investment returns. A real picture here of what our economy has evolved into these past 20 years. Many simply lost their fortunes and others lost their lives.
Read full article... Read full article...
Monday, January 05, 2009
Financial System Rotten to the Core / Stock-Markets / Scams
By: Dr_William_R_Swagell
The Madoff “Ponzi” Scam...Con of the Century.
When I read that 70 year old Bernard Madoff... variously called the “Wizard of Wall Street” , “the man with the Midas touch”, and “the Jewish bond” ... was arrested on December 11th 2008 by FBI agents in relation to a US$50 billion dollar fraud I was astounded.
Read full article... Read full article...
Saturday, December 27, 2008
How We Can Avoid Another Tragic Ponzi Fraud Scheme / Stock-Markets / Scams
By: James_Quinn
“ If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State. ” (Joseph Goebbels) Read full article... Read full article...
Saturday, December 27, 2008
Early Suspicions About Bernard Madoff Ponzi Scheme Fraud / Stock-Markets / Scams
By: Stephen_Lendman
On December 12, 2008, the Wall Street Journal headlined: "Top Broker Accused of $50 Billion Fraud. Bernard L. Madoff....was arrested by federal agents (the previous day) after his sons turned him in for running what they said their father called a giant Ponzi scheme." Too late to matter, the SEC, in a civil complaint, cited an ongoing $50 billion swindle in asking a judge to seize the firm and its assets. "Our complaint alleges a stunning fraud that appears to be of epic proportions," according to Andrew Calamari, SEC's New York associate director of enforcement who was derelict in his duty since being appointed on November 14, 2004 after joining the agency in 2000.
Read full article... Read full article...
Sunday, December 21, 2008
Christmas Scams 2008 Shopping and Emails Alert / ConsumerWatch / Scams
By: Shahla_Walayat
The Fake Internet Shopping Website Christmas Scam - With Christmas just 4 days away shoppers need to be on guard against scammers taking advantage of the last minute rush to buy that is well underway.
Every year, there tends to be a must buy gift, usually a toy that is in short supply due to the demand from parents eager to fullfill their children's wishes.
Read full article... Read full article...
Wednesday, December 17, 2008
How to Protect Your Portfolio from Maydoff Style Ponzi Fraud Scams / Portfolio / Scams
By: Money_Morning
Martin Hutchinson writes: Bernard Madoff, former chairman of the NASDAQ Stock Market Inc. ( NDAQ ), was turned into the authorities by his sons last Thursday after his hedge fund, Bernard L. Madoff Securities LLC , was declared an insolvent “giant Ponzi scheme,” with estimated losses of $50 billion.
Madoff had provided investors with modest, steady returns, claiming to be making money by trading in Standard & Poor's 500 Index options, and closing all positions prior to mandatory reporting dates so that investors had no window into the fund's holdings.
Read full article... Read full article...
Tuesday, December 16, 2008
Madoff Fraud and the U.S. Government Debt Ponzi Scheme / Interest-Rates / Scams
By: Peter_Schiff
As the multi-billion dollar Ponzi scheme orchestrated by Wall Street insider Bernard Madoff unravels in the media spotlight, the nation is being presented with a rare opportunity to understand the true nature of many of our most cherished financial structures. Hopefully we have the wisdom to connect the dots.Read full article... Read full article...
Monday, December 15, 2008
Madoff Madness Exposes Rampant Fraud and Corruption / Stock-Markets / Scams
By: Mike_Shedlock
Corruption, fraud, and greed are rampant in every bull market. When the bear strikes that corruption and fraud are exposed. The biggest fraud in history was perpetrated Bernard Madoff, former chairman of the Nasdaq stock exchange. Many knew he was a crook as explained in Madoff Madness: "I knew he was cheating, That's why I used him" .
Read full article... Read full article...
Saturday, December 13, 2008
Biggest Fraud in History $50 billion Madoff Ponzi Scheme / Stock-Markets / Scams
By: Mike_Shedlock
The Madoff fraud story gets Curiouser and Curiouser . Let's take at the headlines starting from the top. Bernard Madoff arrested over alleged $50 billion fraud - Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion "Ponzi scheme" in what may rank among the biggest fraud cases ever.
Read full article... Read full article...
Monday, October 20, 2008
The World of MLM's - Greatest Ponzi Scheme in History Part1 / Politics / Scams
By: David_Chu
deleted.
Wednesday, July 02, 2008
Investors Enticed With New Derivatives Investment Products / InvestorEducation / Scams
By: Adrian_Ash
How to Multiply Asia 's Gains by 230% - "...Whatever you think investing should taste of, it no longer just comes in vanilla..."
DID YOU KNOW...? Private investors like you can make 230% of emerging Asia 's super-soar-away gains between now and 2014. You're only tied in for three years. An early exit will return 130% of your initial investment.
Read full article... Read full article...
Saturday, March 15, 2008
Florida Boiler Room Shares Con Scams 15,000 Elderly Britons / ConsumerWatch / Scams
By: Sarah_Jones
More than 15,000 Britons have fallen victim to a "Boiler Room" Shares scam that allegedly netted the father and daughter perpetrators more than £35 million.
Paul Gunter, 58, and his daughter Zibiah, 25, were charged by Florida Police with with multiple counts of fraud and money laundering, which carry penalties of 5 to 25 years in prison. Both suspects are British Citizens but resident in the USA and in the process of obtaining US citizenship.
Read full article... Read full article...
Tuesday, January 08, 2008
02031035180 SCAM Calls Or Very Bad Public Relations by the Halifax? / ConsumerWatch / Scams
By: Sarah_Jones
Brit's up and down the land are being plagued by calls from 0203 103 5180, whilst most take the form of nuisance silent calls, however many people have been reporting that the caller proports to be calling on the behalf of a major UK Bank, The Halifax (Bank of Scotland) and proceeds to ask for personal banking and circumstance information.Read full article... Read full article...
Tuesday, December 11, 2007
How Fund Managers and Investment Bankers Turn Toxic Waste Bonds Into Scam Profits / Interest-Rates / Scams
By: Paul_Tustain
"...If only I could make a thumping great profit before the year-end, says the fund manager to his investment banker, then my bonus would be secure..."
UNLESS YOU ARE well informed, you are going to pay for getting investment bankers and fund managers out of the very deep hole they have recently dumped us all in.
Read full article... Read full article...
Wednesday, July 18, 2007
BBC Catalog of Phone Competition Deception's as Director General Demands "We must put our house in order" / ConsumerWatch / Scams
By: Sarah_Jones
BBC Director-General Mark Thompson today announced a package of tough measures to address the discovery of further serious breaches of editorial standards across some areas of BBC programmes and content.
The further emerging breaches, revealed following a BBC-wide search of around one million hours of output since January 2005, were reported today by Mr Thompson to the BBC Trust, and the Director-General announced the new measures in response to demands for action from the Trust.
Read full article... Read full article...
Saturday, June 16, 2007
Office of Fair Trading launches Interactive Scams Guides / ConsumerWatch / Scams
By: Submissions
The OFT is today launching a series of interactive scams guides designed to help people avoid being tricked into losing money. The guides expose the clever tactics used by scammers and are the OFT's latest tool in the fight against the scams that cost UK consumers £3.5 billion every year.Read full article... Read full article...
Saturday, April 21, 2007
Huge Credit Card Chip n Pin Scam linked to Tamil Tigers / ConsumerWatch / Scams
By: Shahla_Walayat
Motorists across the UK have fallen victim to a huge oraganised credit card skimming scam, that allegedly aims to fund the activities of the separatist Tamil Tiger group in Sri lanka.Read full article... Read full article...
Wednesday, December 06, 2006
Nigerian email 419 scams / ConsumerWatch / Scams
By: Nadeem_Walayat
The Nigerian scam is alive and kicking, and now targetting the emerging middle classes of India as well as continuing to hit the developed western world. In total the scam defrauds some $500 millions per year and is Nigerias fifth biggest industry.
The way the scam works is by an email sent out originating from Nigeria or another African country to a large mailing list. The emails promise a % share of millions of dollars, for helping officials of a government (or bank, or quasi-government agency or sometimes just members of a particularly rich family) out of an legal problem.
Read full article... Read full article...