Search results
Results from the WOW.Com Content Network
Fraud and scams are nothing new, but some experts are warning they are now at a "crisis level" in the country, according to CNBC. ... The FTC reported that consumers reported losing more money to ...
This Queens woman got swindled out of $700K in life savings in shocking gold bar scam — here’s how it works and the 3 red flags to watch out for Danielle Antosz January 31, 2025 at 6:55 AM
An FBI report showed that fraudulent investments (which caused over $3.96 billion in losses among all victims) and phishing or spoofing scams (an estimated $9.6 million in financial loss) were ...
The U.S. Securities and Exchange Commission (SEC) has said that "these fraudulent schemes involve the purported issuance, trading, or use of so-called 'prime' bank, 'prime' European bank or 'prime' world bank financial instruments, or other 'high yield investment programs.' (HYIP's) The fraud artists ... seek to mislead investors by suggesting ...
The Rev. Robert Banzin had saved up about $61,000, which he planned to use to replace his 20-year-old car and pay for medication and other expenses. But these plans are now on hold. The 85-year ...
Under federal law, bank fraud in the United States is defined, and made illegal, primarily by the bank fraud statute in Title 18 of the U.S. Code. 18 U.S.C. § 1344 states: [15] Whoever knowingly executes, or attempts to execute, a scheme or artifice— (1) to defraud a financial institution; or
Too-Good-to-Be-True Investments. What to look out for: Pyramid, Ponzi, or advance-fee schemes, as well as the now-infamous "419" fraud, all fall into this category. In the 419 scam, a foreign ...
On November 25, 1993, Paul was convicted of fraud in Federal Court for making personal use of CenTrust's funds while the savings and loan was failing. [6] Paul was convicted on 68 counts consisting of 47 counts of bank fraud, 9 of misapplication of Centrust funds, 5 of filing false tax returns, 4 of mail fraud, 2 of obstruction of regulators, one count of conspiracy and one count of making ...