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Crypto Scams Increase 1000% In Less Than a Year
If you’re like most of us sitting at home reading the news over the past year or so, you’ve surely noticed at least a few headlines regarding up-and-coming cryptocurrencies, particularly Dogecoin, Bitcoin, and Ethereum. Unfortunately, as new investment options become more popular, so do new types of investment scams. According to the Federal Trade Commission…
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The Most Common PayPal Scams And How To Get Your Money Back
PayPal has positioned itself as probably the most popular online payment system since it started out back in 1998. Whether to provide a platform for those who have their own online businesses, send money between family members across countries, or to have a faster, more secure way of making transactions online: it’s easy to see…
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Is Online Shopping Safe? Tips To Avoid Scam Online Stores
Let’s be honest, who doesn’t do online shopping these days? Brick-and-mortar locations have definitely felt the blow over the years, which is why they all have an online presence. Those that don’t have either long since faded out or likely don’t have long left. Even grocery stores made the move in recent years. But with…
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12 Easy Ways To Check If A Website Is Legit Or A Scam
The internet is a cruel mistress that can chew up and spit out even the initiated when we drop guard. Sometimes, websites aren’t what they seem to be – people spend a lot of time and resources imitating legit services in order to commit fraud or for other nefarious reasons. Scams are plentiful online so…
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Learn About Mail Fraud So You Don’t Get Scammed in 2022!
Since virtually everything about our way of life moved online, you wouldn’t be blamed for assuming that mail fraud wouldn’t be as common as it used to be. Actually, it’s a method that’s still commonly used in scamming attempts today. In 2020 alone, the FTC received more than two million reports of mail fraud from…
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Securities Fraud: The 1 Global Capital, LLC and Roy Y. Gagaza Case
The Securities and Exchange Commission has charged an agent working for 1 Global Capital, LLC for violations concerning the trading of unregistered securities there. The SEC accused him of selling more than $10.8 million worth of securities which were not registered with the commission, to several unsuspecting investors. 1 Global made high-interest loans to small…
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Non-Fungible Token Scams: Crypto’s Next Frontier
Non-fungible tokens are a type of distributed leger token that has taken the world by storm in recent months. NFTs represent digital assets, like unique collectibles and artwork. They can be used to track ownership and provide provable scarcity for all types of items, from sports cards to home décor. NFT scams have been on the…
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Cash App Scams: The Threat and What You Can Do
What is cash app fraud? Cash App Fraud occurs when a person uses someone else’s account information to send or receive funds. It may also include the use of a stolen credit card and using it to purchase Bitcoin which is then sent to their own cash app wallet. The most common form of Cash…
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The Australian Securities and Investments Commission Bans Binary Options
The Australian Securities and Investments Commission (ASIC) has now officially announced that they will be banning binary options to retail investors. This means that no company in Australia can offer these services to anyone who is not a professional investor, or those with significant experience trading in this type of financial instrument. This decision is…
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Ponzi Schemes & Using Reputable Brokers
Police Arrest Two & End $1.7 Million Forex Scam In India A major India-based Forex scam has seen two men arrested in Chennai for operating a sophisticated forex Ponzi scheme. The 34 and 41-year-old have been running two websites since at least 2019, ultimately scamming $1.7 million out of around 70,000 people across the country. The…