Search results
Results From The WOW.Com Content Network
The term "Ponzi finance" generally designates non-sustainable patterns of finance, such as borrowers who can only meet their debt commitment if they continuously obtain new sources of financing, often at an accelerating pace and/or ever-increasing interest rates until the borrower cannot secure more financing at any interest rate and becomes ...
WakeUpNow was founded in 2009 by Troy Muhlestein. [4]About 95% of distributors in WakeUpNow failed to make a profit in the program in 2013. [5] [6]In a letter written by CEO Phil Polich on February 16, 2015, WUN announced it would cease all network marketing operations due to poor management by former CEO Kirby Cochran citing, "his decisions for a privileged few outweighed the incredible heart ...
The Spanish Prisoner scam—and its modern variant, the advance-fee scam or "Nigerian letter scam"—involves enlisting the mark to aid in retrieving some stolen money from its hiding place. The victim sometimes believes they can cheat the con artists out of their money, but anyone trying this has already fallen for the essential con by ...
Ratings agencies were paid "a small piece of the deal (typically 3.5 to 6 basis points [100 basis points = 1%] of the issue size)," explains Rutledge. "Law firms expected to earn about $1 million ...
On May 20, 2010, the SEC filed a federal case against Edward A. Allen and David L. Olson, two former brokers of World Financial Group / World Group Securities, accusing them of having raised approximately $14.8 million through the offer and sale of promissory notes as part of an illegal Ponzi scheme in the States of Ohio and Florida between ...
A financial columnist for New York Magazine has gone viral after she admitted to being scammed out of $50,000 from someone posing as a CIA agent.. Charlotte Cowles, a writer living in New York ...
SoFi began in 2011 as a student-focused lender but has since expanded to offer personal loans and other banking services. LendingClub was founded in 2006 as a peer-to-peer lending platform.
The preferred method of payment in a technical support scam is via gift cards. [41] Gift cards are favoured by scammers because they are readily available to buy and have less consumer protections in place that could allow the victim to reclaim their money back.