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Seniors are taking the brunt of financial fraud to the tune of $3.4B+. Learn the most common peer-to-peer, impersonation and other scams on the rise to keep your money safe.
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 Reddit admin said: "We will ban subreddits that allow their communities to use the subreddit as a platform to harass individuals when moderators don't take action". [88] Following the ban, Reddit users flooded the site with pictures of overweight people, as well as photos of Reddit's interim CEO Ellen Pao. [91]
In 2010, the first version of Whoscall was created after one of its co-founders, Jeff Kuo, received a spam call. Originally a part-time project by Jeff Kuo, Jackie Chang, and Reiny Song as part-time work, the trio co-founded Gogolook with the goal of enhancing fraud prevention efforts worldwide by providing a caller identification solution.
The scam using doll faces to create false IDs made up a small part of the estimated $80bn in fraud connected to the Paycheck Protection Program (PPP), according to The Messenger.
Bernie Madoff. Participants in the Madoff investment scandal included employees of Bernard Madoff's investment firm with specific knowledge of the Ponzi scheme, a three-person accounting firm that assembled his reports, and a network of feeder funds that invested their clients' money with Madoff while collecting significant fees.
He sold fraudulent investments through the Meridian Group, a group of investment companies, defrauding nearly 700 investors who lost almost $150 million, and he was sentenced to 18 years in prison in 2012. He has been nicknamed "Mini Madoff" for his crimes' similarity to those of Bernie Madoff. Berg escaped from prison in 2017. [1]
Because the scammers are working in groups, someone in the group can be online and available to send e-mail or text messages to the victim at any hour. [5] The rotation between different scammers, all claiming to be the same person, is difficult to detect in text-based messages, whereas it would be obvious if a different person showed up for a ...