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An Athens man thought his $10,000 investment had surged to $125,000 until he tried to get the money. Athens man loses $10,000 in investment scam perpetrated over Facebook Skip to main content
All investments carry some degree of risk, but there's a distinct line between a risky investment and a downright scam. Unfortunately, scams are prevalent. According to data from the Federal Trade...
That was the case for a man named Frank, who lost $50,000 through an elaborate Facebook scam. It started when he received a Facebook Friend Request from a woman named Kim. He'd never met Kim ...
In late 1994, the European Kings Club collapsed, with ensuing losses of about $1.1 billion. This scam was led by Damara Bertges and Hans Günther Spachtholz. In the Swiss canton of Uri and Glarus, it was estimated that about one adult in ten invested into the EKC. The scam involved buying "letters" valued at 1,400 Swiss francs that entitled ...
For members interested in using their computers as an investment resource, AAII offers the Computerized Investing journal and microsite for an additional annual fee. [5] AAII also offers members the opportunity to attend its annual investor conference for an additional fee, featuring notable speakers from across the finance space.
Many con artists employ extra tricks to keep the victim from going to the police. A common ploy of investment scammers is to encourage a mark to use money concealed from tax authorities. The mark cannot go to the authorities without revealing that they have committed tax fraud. Many swindles involve a minor element of crime or some other misdeed.
An investment club is a group of individuals who meet for the purpose of pooling money and investing; members typically meet periodically to make investment decisions as a group through a voting process and recording of minutes, or gather information and perform investment transactions outside the group. [1]
The alert warns of Zelle scams on Facebook Marketplace in which a fraudulent buyer attempts to buy a big-ticket item using Zelle, the popular peer-to-peer lending app, to make payment. See: 9 ...