scam

An advance-fee scam is a form of fraud and one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster requires in order to obtain the large sum.

Source: en.wikipedia.org

Ex-QVC Executive Gets 2.5 Years In Prison For Defrauding Company

Ex-QVC Executive Gets 2.5 Years In Prison For Defrauding Company
Ex-QVC Executive Gets 2.5 Years In Prison For Defrauding Company
July 11, 2018  |  Cybersecurity

QVC former director James D. Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1 million fraud scam....

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SEC Stops Fraudulent ICO That Raised $21M
SEC Stops Fraudulent ICO That Raised $21M
May 30, 2018  |  Cybersecurity

The Securities and Exchange Commission (SEC) announced on Tuesday (May 29) that it has obtained a court order to stop a fraudulent initial coin offering...

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Bitcoin Daily: Bloomberg Reporters Pulled Into Crypto Scam, Norway Considers Central Bank Digital Currency
Bitcoin Daily: Bloomberg Reporters Pulled Into Crypto Scam, Norway Considers Central Bank Digital Currency
May 24, 2018  |  Bitcoin

Bitcoin dropped below the $8,000 level on Wednesday (May 23), MarketWatch reported. The cryptocurrency was $7,522.24 as of 8:03 p.m., according to CoinDesk. But bitcoin wasn’t...

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Bitcoin Daily: Bitcoin Causes Internal Issues For Square, Jennifer Aniston Unwillingly Caught Up In Crypto Scam
Bitcoin Daily: Bitcoin Causes Internal Issues For Square, Jennifer Aniston Unwillingly Caught Up In Crypto...
May 17, 2018  |  Bitcoin

Monaco has rolled out its Monaco Wallet App to its cryptocurrency platform, the company said in an announcement. The app allows users to exchange digital...

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Ripple Gets Hit With Lawsuit Over XRP Tokens
Ripple Gets Hit With Lawsuit Over XRP Tokens
May 07, 2018  |  Legal & Regulation

Ripple Labs, the cryptocurrency startup behind the XRP tokens, is being accused in a new lawsuit of running a scam to raise hundreds of millions...

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Two South Koreans Sentenced For $20M Bitcoin Scam
Two South Koreans Sentenced For $20M Bitcoin Scam
April 20, 2018  |  Bitcoin

Two men from South Korea were sentenced for running a bitcoin pyramid scheme that stole around 20 billion Korean won ($20 million) from investors. Get...

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Team Behind $660M ICO In Vietnam Disappears
Team Behind $660M ICO In Vietnam Disappears
April 13, 2018  |  Cryptocurrency

After raising $660 million from more than 30,000 investors in an initial coin offering (ICO), the team behind Vietnam-based Modern Tech has disappeared. The company...

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India Issues Warrants For Punjab Bank Heist Jewelers
India Issues Warrants For Punjab Bank Heist Jewelers
April 09, 2018  |  Cross-border Payments

Non-bailable warrants have been issued for the two central figures in an alleged $2 billion scam at state-run Punjab National Bank (PNB). Get the Full...

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