Search results
Results from the WOW.Com Content Network
In August 2008, the CFTC set up a special task force to deal with growing foreign exchange fraud. [3] In January 2010, the CFTC proposed new rules limiting leverage to 10 to 1, based on "a number of improper practices" in the retail foreign exchange market, "among them solicitation fraud, a lack of transparency in the pricing and execution of transactions, unresponsiveness to customer ...
Get-rich-quick schemes are extremely varied; these include fake franchises, real estate "sure things", get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, foreign exchange fraud, Nigerian money scams, fraudulent treasure hunts, and charms and talismans.
It typically aims to rob the victim of his money or other valuables that they carry on their person or are guarding. [3] A long con or big con (also, chiefly in British English, long game) [4] is a scam that unfolds over several days or weeks; it may involve a team of swindlers, and even props, sets, extras, costumes, and scripted lines. It ...
The scams – mostly run out of Southeast Asia - are given that name because they involve “fattening up” victims before taking everything they have.
Carousel fraud, explained by the Dutch State. Missing trader fraud (also called missing trader intra-community fraud or MTIC fraud) involves the non-payment of Value Added Tax (VAT) to a government by fraudsters who exploit VAT rules, most commonly the European Union VAT rules which provide that the movement of goods between member states is VAT-free.
Anti-counterfeit money sign and examples of counterfeit notes received by a noodle shop in Kunming, Yunnan, China. Some of the ill-effects that counterfeit money has on society include: [3] [4] Companies are not being reimbursed for counterfeits. This has led to companies losing buying power. [30] As such, there is a reduction in the value of ...
Over several weeks, the scammer and his accomplices convinced the woman to sell $624,711 worth of stocks and IRA contributions and convert all that money into gold bars.
The forex scandal (also known as the forex probe) is a 2013 financial scandal that involves the revelation, and subsequent investigation, that banks colluded for at least a decade to manipulate exchange rates on the forex market for their own financial gain.