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NEWARK−A Belmar man who authorities say ran a scam he called an "investment club" for more than 35 years, taking some $5 million from 30 investors, many of them elderly, and spending the money ...
The Oxford Club is an independent financial research publisher and a private network of investors and entrepreneurs, headquartered in Baltimore, Maryland. [ 1 ] [ 2 ] It has more than 120,000 members [ 3 ] in 100 countries. [ 2 ]
On August 1, 2008, the WexTrust Investment firm was shut down by the SEC, charging that WexTrust and two of its owners (Joseph Shereshevsky of Norfolk, Virginia, and Steven Byers of Oak Brook, Illinois) operated a Ponzi-type scheme by promising unusually high returns to earlier investors and paying them with money raised from later investors.
A scam letter is a document, distributed electronically or otherwise, to a recipient misrepresenting the truth with the aim of gaining an advantage in a fraudulent manner. Origin [ edit ]
The San Angelo Police Department is warning the public about a scammer targeting businesses in the oil field and gas supply sectors. "An individual, posing as a legitimate buyer, has been ...
The huckster in question, Michael Han, and his company, West Palm Beach-based Envion, had offered the prospect of taking scraps of plastic waste, originally manufactured from oil, and converting ...
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]
For example, some investors wager on the price of oil more directly, while others like to invest in exploration and production companies, because their profits generally will go up faster when oil ...