Search results
Results from the WOW.Com Content Network
Report the scam. If you feel you’ve been taken advantage of by an investment scam, contact your local banking institution to go over how to best protect and recover your personal finance ...
Affinity fraud is a form of investment fraud in which the fraudster preys upon members of identifiable groups, such as religious or ethnic communities, language minorities, the elderly, or professional groups. The fraudsters who promote affinity scams frequently are – or successfully pretend to be – members of the group.
8 warning signs of a debt collector scam Receiving a call, email or letter from a company purporting to be a debt collector can spark alarm. Before disclosing any information, look for these eight ...
Knowing the signs of an AI investment scam can save you from financial risk. Gannett. Rachel Carden. July 9, 2024 at 8:06 AM.
Marc Stuart Dreier (born May 12, 1950) is an American former lawyer who was sentenced to 20 years in federal prison in 2009 for committing investment fraud using a Ponzi scheme.
Participants in the Madoff investment scandal included employees of Bernard Madoff's investment firm with specific knowledge of the Ponzi scheme, a three-person accounting firm that assembled his reports, and a network of feeder funds that invested their clients' money with Madoff while collecting significant fees.
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.
Marc Dreier, managing founder of law firm Dreir LLP, a $700 million Ponzi scheme from 2004 to 2008 [21] Enric Durán, from 2006 to 2008, took out 68 commercial and personal loans from a total of 39 banks in Spain with no guarantees or property as collateral, then gave the €500,000 to various anti-capitalist movements [22]