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Phone scams are on the rise as scammers see opportunity thanks to many Americans getting stimulus checks, an increase in concern about COVID vaccine distribution and soon, the annual tax season.
A recovery room scam is a form of advance-fee fraud where the scammer (sometimes posing as a law enforcement officer or attorney) calls investors who have been sold worthless shares (for example in a boiler-room scam), and offers to buy them, to allow the investors to recover their investments. [92]
Reports on the purported scam are an Internet hoax, first spread on social media sites in 2017. [1] While the phone calls received by people are real, the calls are not related to scam activity. [1] According to some news reports on the hoax, victims of the purported fraud receive telephone calls from an unknown person who asks, "Can you hear me?"
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In September 2011, Microsoft dropped gold partner Comantra from its Microsoft Partner Network following accusations of involvement in cold-call technical-support scams. [60] However, the ease with which companies that carry out technical support scams can be launched makes it difficult to prevent tech support scams from taking place. [61]
10 Common Venmo Scams. Here are 10 common Venmo scams to watch out for: Money transfer scam. Friend scam. Money multiplier scam. Romance scam. Emergency call scam. ... Emergency Call Scam.
In October 2021, Cresco Labs announced the acquisition of Pennsylvania operator, Laurel Harvest, for $80 million. The transaction was expected to close in the 4th quarter of 2021. [22] In March 2022, Cresco Labs announced the acquisition of New York-based cannabis firm, Columbia Care, for $2 billion in an all-stock transaction.