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)

First Securities Fraud ICO Case To Plead Guilty
First Securities Fraud ICO Case To Plead Guilty
November 16, 2018  |  Legal

A New York man charged in the first fraud prosecution involving initial coin offerings has pleaded guilty to lying to about 1,000 investors. Maksim Zaslavskiy...

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Target Confirms Bitcoin Twitter Scam
Target Confirms Bitcoin Twitter Scam
November 13, 2018  |  Security & Fraud

Target’s Twitter account got hacked earlier Tuesday (Nov. 13), with the bad guys using the retailer’s Twitter feed to trick unsuspecting consumers into giving away...

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Ripple, XRP Investors Lawsuit Heads To Federal Court
Ripple, XRP Investors Lawsuit Heads To Federal Court
November 12, 2018  |  Legal

Ripple, the cryptocurrency startup behind the XRP tokens, and its affiliated defendants have filed documents to move a consolidated class action lawsuit to federal court. According...

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Bitcoin Daily: Elon Musk’s Name Used In Bitcoin Scam; Bitcoin Takes More Energy To Mine Than Gold
Bitcoin Daily: Elon Musk’s Name Used In Bitcoin Scam; Bitcoin Takes More Energy To Mine...
November 05, 2018  |  Bitcoin

Elon Musk’s name has reportedly been used in bitcoin scam, with the hack of multiple verified Twitter accounts, the BBC reported. The hackers allegedly took...

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From The Phone To Email: How Scammers Hit SMBs
From The Phone To Email: How Scammers Hit SMBs
October 15, 2018  |  B2B Payments

When Maryland Attorney General (AG) Brian E. Frosh issued a warning to the state’s small business (SMB) owners last week, he shed light on the...

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RBI Questions Bank Chiefs On SWIFT ‘Gaps’
RBI Questions Bank Chiefs On SWIFT ‘Gaps’
September 06, 2018  |  B2B Payments

The Reserve Bank of India (RBI) has reportedly sent letters to several heads of top banks in the country questioning why they have yet to...

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Bitcoin Daily: Crypto Reaches $240B Market Cap, Abra CEO Says SEC Will Allow Bitcoin ETF In The ’Next Year’
Bitcoin Daily: Crypto Reaches $240B Market Cap, Abra CEO Says SEC Will Allow Bitcoin ETF...
September 05, 2018  |  Bitcoin

The Belgian Financial Services and Markets Authority (FSMA) added 28 new so-called fake crypto trading sites to its list of reported scams, The Next Web reported....

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Home Buyers, Tricked By Business Email Scams, Lose Six-Figure Sums
Home Buyers, Tricked By Business Email Scams, Lose Six-Figure Sums
September 04, 2018  |  Fraud Attack

A scam targeting homeowners is leaving some without the downpayment for their closing on the day the loan is to be signed. CNBC highlighted two...

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Switchfast: SMB Employees Outperform Managers On Cybersecurity
Switchfast: SMB Employees Outperform Managers On Cybersecurity
August 28, 2018  |  B2B Payments

Follow the leader? When it comes to small business (SMB) cybersecurity, perhaps not. A new report form IT consulting firm Switchfast revealed the mistakes professionals...

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