FTC: Phone Scammers Are Impersonating Chinese Consulate Staff, Have Made Off With Millions

Mankind, in their arrogance, once thought they had conquered their immortal enemy: The scam robocall. Unfortunately, thanks in large part to laziness by cell phone carriers, they’ve been back with a vengeance in recent years. Internet-powered robocalling systems are making it cheaper and easier than ever to launch…

SEC Charges Founders of Cryptocurrency ICO Promoted by Floyd Mayweather Jr. and DJ Khaled with Fraud

Sohrab “Sam” Sharma and Robert Farkas were the operators of an initial coin offering that—according to a Securities and Exchange Commission complaint filed today in the District Court of Southern New York—fleeced investors out of more than $32 million though a business called Centra Tech. Inc. What led to Farkas’s…