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Luckily, they have a "unique and exclusive" investment opportunity that will deliver outstanding dividends. Instead, it's likely to be a pyramid scheme, property scam or sophisticated offshore ...
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 national (often a "Nigerian prince ...
Here's some tips to ensure you or others you know (it's good to alert older residents) don't fall prey to the scam: Remember that the government or legitimate businesses would not ask you to ...
Many affinity scams involve Ponzi schemes or pyramid schemes, where newly received investor money is used by the fraudster to make payments to earlier investors to give the illusion that the investment is successful. This ploy is used to trick new investors to invest in the scheme and to lull existing investors into believing their investments ...
This scam got a new lease on life in the electronic age with the virus hoax. Fake anti-virus software falsely claims that a computer is infected with viruses, and renders the machine inoperable with bogus warnings unless blackmail is paid. In the Datalink Computer Services incident, a mark was fleeced of several million dollars by a firm that ...
A pyramid scheme is a business model which, rather than earning money (or providing returns on investments) by sale of legitimate products to an end consumer, mainly earns money by recruiting new members with the promise of payments (or services).
Unfortunately, there are a number of scammers who target elderly, retired people — and these scams can get very costly.Such was the case with a recent scam that occurred in Peachtree City ...
Secret Sister is a chain letter-type gift exchange pyramid scheme that has been primarily spread through Facebook. [1] It was first noticed in late 2015, and returned in the Christmas season each year after that.
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