Sweepstakes Scam Operators Settles FTC Charges, Forfeit $30 Million
The Federal Trade Commission (FTC) announced that the operators of a sweepstakes scam agreed to settle the charges against them.
As part of the settlement,...
ICO SCAM: Convicted Felon Conceals Identity, Defrauds $30 Million from Investors
The Securities and Exchange Commission (SEC) filed a lawsuit against a convicted felon, Boaz Manor and his associate Edith Pardo as well as their...
Scammer Lawrence Schmidt Extradited to the U.S. to face investment fraud charges
Scammer Lawrence Schmidt, the chief executive of Commercial Equity Partners, FutureGen Company, and other investment entities has been extradited from the United Kingdom. He...
SEC sues Dropil and its founders for allegedly conducting fraudulent ICO
The Securities and Exchange Commission (SEC) filed a lawsuit against Dropil Inc., a California-based company operating a cryptocurrency platform, for allegedly conducting a fraudulent...
Update: Western Union Scam Victims – Deadline to File Claim Quickly Approaching
In November, we told you about how victims of a Western Union scam could file a claim to receive at least some of their...
SCAM ALERT: Pennsylvania AG Warns against Fake IRS Calls
Pennsylvania Attorney General Josh Shapiro warned taxpayers about fake calls/scams from criminals pretending as agents of the Internal Revenue Service (IRS).
During the tax season,...
Bitcoin Fraud: CFTC Charges Two Individuals for Swindling Investors
The U.S. Commodity Futures Trading Commission (CFTC) filed charges against two people and their companies involved in bitcoin fraud.
On Friday, the regulator released two...
Victory Media Reaches Agreement to Resolve FTC Violations
Victory Media, Inc., was accused by the FTC of deceptive marketing practices related to their promotion of secondary education opportunities for our military men...
Apple co-founder sues YouTube over cryptocurrency scams
YouTube faces lawsuits as complaints pile up over billions lost in video giveaway cryptocurrency scams. Prosecutors argue the company has taken a lax stance...
SEC stops California investment adviser’s Ponzi scheme targeting seniors
The Securities and Exchange Commission (SEC) stopped an investment adviser and his entities’ Ponzi scheme targeting senior citizens in Southern California.
On Tuesday, the SEC...
Must Read
Cloud Seeding: Torrential Rainstorm in Dubai
The arid landscape of the United Arab Emirates (UAE) was engulfed by a rainstorm. The deluge of rain transformed the countries parched deserts into...
