ITT Technical Institute closed all of its campuses last year, after the Department of Education blocked it from enrolling students on federal aid as part of their crackdown on the for-profit education company. Now, we finally have a sense of how much the ITT Tech’s closure will cost taxpayers.
DeVry University, and its parent company DeVry Education Group, have agreed to pay $100 million settlement following a Federal Trade Commission (FTC) crackdown on for-profit schools.
Wells Fargo executive Carrie Tolstedt will receive a $124.6 million payday when she retires at the end of this year, despite overseeing the department accused of scamming millions of customers and incurring hundreds of millions in fines.
It seems some oddness is afoot at Walmart. A number of people have reported receiving unprompted password recovery emails from an address that originated with the retailer.
Peachy Printer launched on Kickstarter back in September of 2013. It claimed to be the world’s first $100 3D printer and scanner, and raised $651,091 CAD in backer money. Now Rylan Grayston, the company’s CEO, claims that his co-founder David Boe embezzled nearly half of that money, and used it to build himself a new…
Evolution, the most popular online drug market since the Silk Road, has disappeared without warning. Users say $12 million in Bitcoin has also vanished. And it looks like a classic scam.
It is the Year Of Our Lord two thousand and fourteen, but somehow, nearly half of all people on this email-infested landfill we call 'Earth' are still falling for simple phishing scams.
If the screen below has ever popped up as you were supposedly logging into Netflix, we've got some bad news for you. No, it's not your Netflix account—that's perfectly safe (at least for now). But if you followed the instructions on the screen, you've been duped by a new phishing scheme that seems so painfully…
When you're looking to buy an Apple iPhone off a classifieds ad, you expect certain things. Like it having a working touchscreen. Like it maybe be in one piece. Like it actually being an Apple iPhone and not... just an apple. A woman made the dear mistake of buying two apples in an iPhone box when she really wanted…
A very ingenious new kind of high-tech scam has been going down in China, where clever thieves are returning fake iPhone components to Apple and claiming they're broken official parts, receiving genuine Apple-made pieces in return. And making a nice profit in the process.
People. Especially people of Florida. Listen up. If you get approached to buy a MacBook or iPad in a parking lot, don't buy it. Even if it's dirt cheap and a freaking steal and you need a new computer or whatever. Why? Because it might end up as a pile of wood and duct tape. Seriously.
Imagine your excitement as a 15-year-old girl when your Mom brings back an iPad as your birthday gift. Then imagine the shock and horror when you open the box and only see a stack of yellow notepads. That's what happened to Courtney Akers from Texas.
The Onion, as only The Onion can, exposed the cesspool of faux-inventions of Kickstarter by calling the folks who start Kickstarter projects, Internet criminals who "bilk friends and families out of terrible, ill-conceived and unnecessary personal projects". Yep, pretty much.
Ah, power. You give a person too much and they will abuse it. Such is the case with Thomas Langenbach, a 47-year-old VP at Palo Alto-based software company SAP Labs, who has been arrested for the nerdiest crime in recent memory. His abuse of power: computer skill-based.
The BBC is reporting that scammers are selling "early access accounts" to Pottermore, the website that will contain more stories on the Harry Potter universe. Gullible fans are buying these accounts hoping to get in there before its October opening.
What would you do to stay in the country you love? Would you trust a fellow foreigner—someone from your homeland—with your future, paying him up to $450 to join his US Army unit and get a fast-track to citizenship? These desperate, deceived immigrants did just that.
Microsoft points are the digital currency you use to buy Xbox and Zune content, and you can buy cards that are pre-loaded with points to enter in to your account. Problem? Just like with the iTunes gift cards, somebody discovered the algorithm Microsoft uses to generate valid codes, and loosed it onto the internet.
University of Redwood's school website had beautiful pictures of their campus and even a faculty directory. Too bad the college wasn't real. Turns out the website stole all of its content from Reed College and scammed prospective students out of application fees.
A 48-year-old man in Naperville, Illinois must be crying his eyes out right now because he was recently finally forced to face reality about a few things.
Last week we posted an exposé of Peep Wireless. Despite repeated attempts, we initially couldn't reach the company for comment, but founder Scott Redmond has since contacted us. He's nonplussed. For transparency's sake, we'd like to show you his objections.