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Noah Musingku is a Bougainvillean conman. In the late 1990s, he created a highly successful Ponzi scheme called U-Vistract.Facing prosecution from Papua New Guinean authorities, Musingku fled to the Solomon Islands in 2002.
U-Vistract was a financial lending pyramid scheme into which approximately 60,000 Bougainvilleans invested. [8] [9] Within a few years, some 70,000 Papua New Guineans had deposited K350 million into U-Vistract alone. U-Vistract also attracted followers in Australia, Solomon Islands and Fiji.
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.
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...
Based on mostly the same principles as the Nigerian 419 advance-fee fraud scam, this scam letter informs recipients that their e-mail addresses have been drawn in online lotteries and that they have won large sums of money. Here the victims will also be required to pay substantial small amounts of money in order to have the winning money ...
AOL Mail is focused on keeping you safe while you use the best mail product on the web. One way we do this is by protecting against phishing and scam emails though the use of AOL Official Mail. When we send you important emails, we'll mark the message with a small AOL icon beside the sender name.
Here’s how to keep your eyes peeled for potential Ponzi schemes. Dishonesty taken to the max. Investment firms often try to lure people in with the promise of strong returns and innovative ...
Phishing scams happen when you receive an email that looks like it came from a company you trust (like AOL), but is ultimately from a hacker trying to get your information. All legitimate AOL Mail will be marked as either Certified Mail, if its an official marketing email, or Official Mail, if it's an important account email. If you get an ...