scams

Spot and avoid scams and unfair, deceptive, and fraudulent business practices with tips from the FTC, America's consumer protection agency. Learn about recent scams and how to recognize the warning signs.

Source: consumer.ftc.gov

Student Loan Scammer Settles With FTC For $11M

Student Loan Scammer Settles With FTC For $11M
Student Loan Scammer Settles With FTC For $11M
May 31, 2019  |  Legal & Regulation

The leader of a student loan debt relief scheme has agreed to settle with the Federal Trade Commission’s (FTC’s) charges that he stole $11 million...

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Bitcoin Daily: Task Force Targets New Crypto Regulations; UK Investors Lost $34M To Crypto Scams In Last Fiscal Year
Bitcoin Daily: Task Force Targets New Crypto Regulations; UK Investors Lost $34M To Crypto Scams...
May 22, 2019  |  Bitcoin

Sean Coonce, engineering manager at cryptocurrency startup BitGo, has written a blog post explaining how he lost $100,000 in a SIM-swapping hack. Get the Full...

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Allied Wallet Settles With FTC Over Fraudulent Payment Allegations
Allied Wallet Settles With FTC Over Fraudulent Payment Allegations
May 21, 2019  |  Legal & Regulation

Payment company Allied Wallet and its owner, Ahmad Khawaja, as well as two officers, Mohammad Diab and Amy Rountree, have settled with the Federal Trade...

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Ireland’s Growing Invoice Redirect Fraud Problem
Ireland’s Growing Invoice Redirect Fraud Problem
May 17, 2019  |  B2B Payments

Authorities in Ireland have warned businesses about a rise in “CEO fraud” that gets unwitting victims to pay up in invoice redirect fraud. Separately, individual...

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Is Digital The Best Defense Against Trade Finance Fraud?
Is Digital The Best Defense Against Trade Finance Fraud?
May 10, 2019  |  B2B Payments

There are trillions of dollars at stake when it comes to trade finance fraud, and a senior OCBC Bank MD urges firms to go digital...

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OCBC Bank Says Fraud Is Pushing Digital Trade Finance
OCBC Bank Says Fraud Is Pushing Digital Trade Finance
May 07, 2019  |  B2B Payments

Rampant fraud in the global trade finance space is forcing the industry to go digital, according to Asia’s second-largest lender, OCBC. The Singapore bank’s Managing...

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BBB Sounds Alarm On Online Small Business Lending
BBB Sounds Alarm On Online Small Business Lending
May 07, 2019  |  B2B Payments

The Better Business Bureau (BBB) is issuing a warning to small businesses (SMBs) about a possible lending scam shedding light on the risks of online...

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Study: BEC Attacks On Financial Service Firms Up 60 Pct
Study: BEC Attacks On Financial Service Firms Up 60 Pct
May 03, 2019  |  B2B Payments

Proofpoint finds in a new study that BEC scams have financial service firms in the crosshairs, with attacks on that sector up 60 percent at...

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