The Securities and Exchange Commission on Friday charged businessman Maksim Zaslavskiy with fraudulently running two initial coin offerings (ICOs), a form of largely unregulated investment vehicle in which companies take investors’ cash or cryptocurrency in exchange for “crypto-tokens.”
After Belle Gibson was diagnosed with brain cancer in 2013 she went on to cure herself, and released a popular smartphone app focused on healthy eating. Gibson even donated a small fortune to charity with the proceeds. At least that was her story. Both Gibson’s cancer and her “cure” were lies. And now a court has…
Earlier this year, hundreds of companies began to publicly flee participation in the alt-right website Breitbart’s marketing network. One of those companies was Uber. But in a new lawsuit, Uber claims that its contracted advertising agency fraudulently continued to place ads on Breitbart, and the case seems poised to…
Depending on how you look at it, Equifax has some new career opportunities that are either dream positions (job security!) or employment hell: The credit reporting agency that recently copped to a historically awful data breach is now hiring fraud monitors and a fraud rules manager. And the date of the initial job…
Equifax, the credit reporting agency which admitted on Thursday it had lost massive amounts of information for 143 million Americans including social security numbers, is not making it easy to understand what the people it screwed over should do.
Smirking goblin Martin Shkreli was convicted of securities fraud mere moments ago, The New York Times reports. This small, greasy manchild faces as many as 20 years behind bars. Let us all breathe a sigh of relief.
On July 4th, AlphaBay Market went down and scared the hell out of users. One of, if not the most popular destination for illicit goods on the dark net, the site took over Silk Road’s throne after its founder was arrested. According to a new report, AlphaBay has suffered the same fate and international authorities have…
The Hatha Jodi root is believed to bring good luck, allegedly because it looks like two praying hands. You know what also looks like two praying hands? Dried lizard penis. And poachers have noticed.
Have you gotten a call from the number 1-800-323-8603? Does it say on Caller ID that it’s from the Department of Homeland Security? It’s definitely a scam. Hang up and don’t give them any information.
Have you ever gotten a call or email from someone claiming to be a friend or relative who needed money fast, but it turns out that it was all just a scam? You’re not alone. These “imposter scams” are on the rise, and according to a new report, they surpassed identity theft scams for the first time in 2016.
Today, New York Attorney General Eric Schneiderman filed a lawsuit accusing Charter’s subsidiary, Spectrum, of lying to customers about the internet speeds it advertised and the reliability of its network.
Napoleon Hill is the most famous conman you’ve probably never heard of. Born into poverty in rural Virginia at the end of the 19th century, Hill went on to write one of the most successful self-help books of the 20th century: Think and Grow Rich. In fact, he helped invent the genre. But it’s the untold story of Hill’s…
Today security company Symantec, best known for its consumer anti-virus programs, spent $2.3 billion on a company called LifeLock. LifeLock is a so-called “identity protection” provider that is supposed to help alert its subscribers to odd activity on their accounts.
Donald Trump’s former “university” has been accused of bilking students out of their hard-earned cash. The man himself was supposed to appear in court later this month to face the charges, but it looks like we won’t see the President-elect testify. Reuters is now reporting that Trump University and the plaintiffs have…
Earlier this month, Leoni AG, one of the world’s largest manufacturers of wires and electrical cables, informed investors that the German company lost almost 40 million euros (or about $44.6 million) to online scammers. Today, we finally know how: According to investigators, the thieves simply spoofed emails to look…
A rash of major breaches in recent years proves that your credit card information is hardly safe. But a recent heist in Japan shows that hackers are getting scary good at turning that data into cold hard cash. In this case, coordinated ATM withdrawals with cloned credit cards netted criminals $12.7 million in just two…
Before you light your wallet on fire, let’s clarify something: the rollout of chip-enabled cards is going to help prevent fraud in the long run. But for merchants that are yet to get their shit together, the move away from magstripe is actually causing problems.
Watch where you put your card. The ATM security organization EAST has published a new report pointing out that the use of s0-called Throat Inlay Skimming devices—which are hidden within the card slot—is rising.
A sting operation in Italy has yielded an unlikely cache of loot. Over 85,000 tons of freshly painted green olives were seized by police from food counterfeiters.
Goop published an interview about “protecting yourself from wifi & cellphone toxicity” today with a nutritionist whose genre of “detoxification” diet advice has been called “tantamount to fraud” by an actual doctor.
