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Omega Trust & Trading Ltd. was an American company that engaged in prime bank fraud from 1994 to 2000. [ 1 ] : 135–136 The organization was created by retired electrician Clyde Hood, who presented it as an offshore investment program offering complex financial instruments with a payout of 50-to-1 or more.
Seniors are taking the brunt of financial fraud to the tune of $3.4B+. Learn the most common peer-to-peer, impersonation and other scams on the rise to keep your money safe.
The principal product was Lapre's "Money Making Secrets", a package of booklets, tapes, and common-sense tips for placing ads and operating a 900-number business. The product was sold through New Strategies, whose parent company was Tropical Beaches. [4] He later began broadcasting infomercials for "The Greatest Vitamin in the World". [6]
Clark Stanley's Snake Oil. Snake oil is a term used to describe deceptive marketing, health care fraud, or a scam.Similarly, snake oil salesman is a common label used to describe someone who sells, promotes, or is a general proponent of some valueless or fraudulent cure, remedy, or solution. [1]
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Scam artists are always on the hunt, and they're often looking to victimize retirees living on a fixed income, aka, Social Security benefits recipients. Ahead of National Slam the Scam Day on...
On January 4, 2006, the SEC “filed securities fraud charges against McAfee, Inc., formerly known as Network Associates, Inc., a Santa Clara, California-based manufacturer and supplier of computer security and antivirus tools. McAfee consented, without admitting or denying the allegations of the complaint, to the entry of a Court order ...
Learn about all the AOL plans designed to keep you and your data protected. We offer mobile and data security, premium technical support, and protection from identity theft, viruses, malware and other online threats.