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Thread: Cut and paste snippets about scams.

  1. #601
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    Re: Cut and paste snippets about scams.

    It's almost impossible to know how much is really stolen in Ponzi Schemes each year. The cryptocurrency scams reported in the Wall Street Journal are larger than the 60 reported at Ponzi Tracker. Let's do some Ponzi math and add the two.


    According to Ponzitracker, 60 Ponzi schemes were allegedly uncovered in 2019 that involved a collective $3.245 billion in investor funds. The statistics mark an abrupt reversal to a multi-year downward trend that in 2018 saw the lowest number of alleged Ponzi scheme discoveries in ten years.


    Ponzi schemes are the latest form of bitcoin fraud, with big platforms like one called PlusToken drawing the most money.

    Cryptocurrency Scams Took in More Than $4 Billion in 2019 - WSJ


    There are some tips from a CNBC article on avoiding scams, the first are pretty clear cut. The later two in red are hot button items for me. Investors should NEVER be getting statements or withdrawals from the promoter. Statements at a minimum need to be verified by an independent third party. Better still a third party should be auditing funds and generating the statements. Money should always be segregated and the promoter granted no personal access. If you're calling anyone other than a bank, trust administrator, or licensed investment firm about your money look out below.


    Do a background check
    Watch for high-pressure sales tactics
    Know what you’re investing in


    Find out how they get paid
    Check your statements


    More than 8,000 investors were misled by this $1.2B Ponzi scheme
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  3. #602
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    Re: Cut and paste snippets about scams.

    It stands to reason that before changing payment destinations people and businesses should have a hard verification process. Pick up the phone and call just like in olden times, and probably not the number at the bottom of a specious email.



    Quote Originally Posted by Pick up the phone
    The scam began when someone hacked into the computer of a finance worker at the island's Employee Retirement System in December, said José Ayala, director of the fraud unit within the bank robbery division. The hacker then posed as the female employee and sent emails to various government agencies alleging a change in bank accounts, he told The Associated Press.

    Two agencies fell victim to the scam in recent months: Puerto Rico's Industrial Development Company sent $63,000 in December and more than $2.6 million in January, while the island's Tourism Company sent $1.5 million in January to fraudulent accounts on the U.S. mainland, he said.

    Puerto Rico online scam targeted more than $4M amid crisis - ABC News
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  5. #603
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    Re: Cut and paste snippets about scams.

    Color me shocked...


    Alex Jones peddled a fake coronavirus cure that can turn people’s skin permanently blue

    New York State attorney general Letitia James has ordered right-wing conspiracy theorist Alex Jones to stop making misleading claims about supposed coronavirus cures sold on his website, InfoWars. The attorney general's office “is extremely concerned” about Jones hawking these products on his online show, it said in a cease-and-desist letter dated March 12. The products include a “nano-silver” toothpaste, which Jones said “kills the whole SARS-corona family at point-blank range.”

    Alex Jones peddled a fake coronavirus cure that can turn people’s skin permanently blue




    Colloidal Silver Turns You Blue—But Can It Save Your Life?
    Celebrities ranging from Gwyneth Paltrow to Infowar's Alex Jones swear by colloidal silver as a germ-fighting miracle cure. But the medical community says there's no evidence it works.

    Colloidal Silver Turns You Blue—But Does It Work? | WIRED

    In 2008, Paul Karason, a 57-year-old man from the Pacific Northwest, agreed to appear on the Today show. And appear is the best word for it, since he was there because of the way he looked. From head to toe, Paul Karason was the color blue.

    Not a subtle light-wash tint, either. This was closer to navy—like Beast from the X-Men or some elder Smurf. His graying auburn hair heightened the effect; the whites of his eyes had a leaden tint. “I’ve gotten kind of used to it,” he told Matt Lauer.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  7. #604
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    Re: Cut and paste snippets about scams.

    I'm shocked that seminars held in hotel conference rooms would be a bit smarmy.


    The complaint names several television celebrities—such as Scott Yancey from A&E’s “Flipping Vegas,” Doug Clark from Spike TV’s “Flip Men,” Drew Levin and Danny Perkins from HGTV’s “Renovate to Rent,” and Josh Altman from Bravo’s “Million Dollar Listing Lost Angeles”—as appearing in advertisements for the seminars.

    The complaint follows on the heels of another real estate seminar that grabbed headlines last month. The FTC ordered a temporary halt to seminars from Zurixx LLC that were endorsed by HGTV stars Tarek El Moussa and Christina Anstead of “Flip or Flop.” The complaint alleged the real estate seminars endorsed by the HGTV stars were “misleading” and made “bogus” claims about how people can strike it rich in real estate.

    FTC Cracks Down on Real Estate Seminar Scams | Realtor Magazine

    FTC Orders Halt to ‘Bogus’ HGTV-Endorsed Seminars | Realtor Magazine

    Zurixx’s real estate investment scheme | FTC Consumer Information

    Real estate seminar endorsed by HGTV personalities temporarily halted by FTC: '''Misleading'''’ | Fox News
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  9. #605
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    Re: Cut and paste snippets about scams.

    Sweepstakes or Lottery
    Tech Support
    “Grandchild” in Need
    Romance
    Social Security
    Natural Disasters and Contractors

    Six Scams that Prey on the Elderly
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  11. #606
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    Re: Cut and paste snippets about scams.

    What a mess the government has made for taxpayers...

    One of the first things David T. Hines bought when he got $4 million in COVID-19 relief loans from the feds for his supposedly ailing South Florida moving business was a super-luxury Lamborghini Huracan Evo, authorities say.

    First he got $4 million in COVID-19 relief loans. Then he bought a Lamborghini.
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  13. #607
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    Re: Cut and paste snippets about scams.

    Pandemic Schemes:


    “It was like I was just throwing money away.”

    The Consumer Awareness Institute, whose research has been posted on the website of the Federal Trade Commission (FTC), found that 99% of people who participate in them lose money. “Statistically, it is more likely you will win the lottery than you will make hundreds of thousands of dollars selling for an MLM,” says Robert FitzPatrick, the co-author of False Profits, a book about MLMs, and the president of PyramidSchemeAlert.org.

    How MLM Distributors Are Using Coronavirus to Grow | Time
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  15. #608
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    Re: Cut and paste snippets about scams.

    How about don't get scammed by going to your local public shelter and adopting some old mutt or grumpy cat that no one else wants?

    This Year’s Big Online Scam—Puppies - WSJ

    https://petscams.com/
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  17. #609
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    Re: Cut and paste snippets about scams.

    Come to our free seminar where you get to hear about the $495 seminar where you get to hear about the real seminar...

    Quote Originally Posted by FTC
    The Federal Trade Commission is seeking to name celebrity real estate investment promoters Dean Graziosi and Scott Yancey as defendants in a case for their roles in a massive real estate training scheme that bilked consumers out of more than $400 million.

    Graziosi is known for his appearances in infomercials promoting his books on real estate investing and is a self-described New York Times best-selling author, entrepreneur, and investor. Yancey was the star of the reality television series “Flipping Vegas” that aired on the A&E television network between 2011 and 2014.

    “We believe these two TV personalities each made millions of dollars by assisting and facilitating this real estate investment rip-off,” said Andrew Smith, Director of the FTC’s Bureau of Consumer Protection. “They were instrumental to the scheme and took a cut of the profits, and that’s why we’re seeking to add them to our case against the program’s operators.”

    FTC Seeks to Add Real Estate Investment Celebrities Dean Graziosi and Scott Yancey as Defendants in Real Estate Training Case | Federal Trade Commission
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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  19. #610
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    Re: Cut and paste snippets about scams.

    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  20. #611
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    Re: Cut and paste snippets about scams.

    One hundred years ago, Charles Ponzi was indicted for a type of scam that continues to ensnare over-eager investors—and sometimes whole societies.

    The Original Ponzi Schemer - WSJ
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

  21. #612
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    Re: Cut and paste snippets about scams.

    This "article" disappointingly reads more like an ad, especially considering they never mention what the scam is beyond ransomware. It does however make sense to have two computers; one used only for serious stuff backed up to an external drive, and one for porn and cat videos. That is unless you don't like cat videos.

    The newest hackers are so sneaky, they “identify employees who are using hard-to-hack cybersecurity tools (like VPNs),” said Levin. “Then they wait for them to log off the VPN, targeting non-work Internet traffic to install ransomware. Because many work-from-home employees are using the same computer for work and everyday tasks, networks are infected.”

    The frightening scam everyone working from home needs to know about
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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