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The scam may extend to the creation of Web sites for the bogus brand, which usually sounds similar to that of a respected loudspeaker company. They will often place an ad for the speakers in the "For sale" Classifieds of the local newspaper, at the exorbitant price, and then show the mark a copy of this ad to "verify" their worth.
Investigating reports of the supposed scam, Snopes noted that all purported scam targets only reported being victimized after hearing about the scam in news reports. Snopes had contacted the Better Business Bureau, the Federal Trade Commission, and the Consumer Federation of America, none of whom could provide evidence of an individual having been financially defrauded after receiving one of ...
Elizabeth Anne Holmes (born February 3, 1984) is an American biotechnology entrepreneur who was convicted of fraud in connection with her blood-testing company, Theranos. [2] The company's valuation soared after it claimed to have revolutionized blood testing by developing methods that needed only very small volumes of blood, such as from a ...
From the creators of Fyre Fraud, the Hulu documentary on the epically disastrous Fyre Festival of 2017, comes this look at the lawsuit-plagued LuLaRoe clothing company, which has been slammed as a ...
The call appears to originate from the business (instead of the original fraudulent caller) and appears on the company's phone bill. [citation needed] Trickery (such as impersonation of installer and telecommunications company personnel "testing the system") or bribery and collusion with dishonest employees inside the firm may be used to gain ...
Theranos Inc. (/ ˈ θ ɛr. ə n. oʊ s /) was an American privately held corporation [5] that was touted as a breakthrough health technology company. Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US$700 million from venture capitalists and private investors, resulting in a $9 billion valuation at its peak in 2013 and 2014.
People are retaliating against Kate Hudson's athletic-wear company, Fabletics, and its parent company, JustFab, BuzzFeed reports. JustFab, which is home to Fabletics and several other fashion ...
An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith.In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.