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The bogus escrow scam is a straightforward confidence trick in which a scammer operates a bogus escrow service. Escrow services are intended to ensure security by acting as a middleman in transactions where the two parties do not trust each other. Rather than sending money or goods directly to the other party (which is insecure, as one or the ...
The scheme ran from May 2007 but started to run out of funds by October as investors asked for their money back. Safevest LLC returned $18 million to investors, the rest having been split among five main expenditures, including the two business partners' families, the purchase of a $1 million golf course, and $950,000 for GTS Research Inc.
Scams and confidence tricks are difficult to classify, because they change often and often contain elements of more than one type. Throughout this list, the perpetrator of the confidence trick is called the "con artist" or simply "artist", and the intended victim is the "mark".
A matrix scheme (also known as a matrix sale or site, and as a hellevator, excavator or ladder scheme) is a business model involving the exchange of money for a certain product with a side bonus of being added to a waiting list for a product of greater value than the amount given. [1]
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Technical support scams rely on social engineering to persuade victims that their device is infected with malware. [15] [16] Scammers use a variety of confidence tricks to persuade the victim to install remote desktop software, with which the scammer can then take control of the victim's computer.
In 1999, Matrix was acquired by Platinum Equity, [3] a global private investment firm specializing in M&A&O. . In 2001, Matrix integrated Staples Communications (Staples, Inc.) customers into its operations through an acquisition made by Platinum Equity, [4] and with the purchase of Global Crossing’s Small Business Group in 2005, [5] Matrix launched the Matrix Business Technologies brand to ...
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