PONZI SCHEME: 1st Million LLC, Smart Partners LLC face charges for defrauding 1.2K investors
The Securities and Exchange Commission (SEC) filed charges against two Maryland companies and their principals for allegedly defrauding around 1,200 investors in a Ponzi...
Bitcoin Plummets below $10K amid Broad Weakness in Cryptocurrency Market
Bitcoin plummeted below $10,000 amid the broad weakness in the cryptocurrency market on Monday. Other digital currencies including ethereum, ripple, litecoin, and stellar also...
SCAM ALERT: FTC Bans Five “Work-From-Home” Business Opportunity Operators
The Federal Trade Commission (FTC) recently banned five companies and their owners for allegedly operating work-from-home business opportunity scam.
According to the FTC, Gregory Anderson...
Fraud Alert: Watch Out for Holiday Scams
The COVID-19 pandemic has pushed millions and millions of people, businesses, organizations, and many other entities to use various devices and technologies particularly the...
Tumblr Terminates Accounts Linked to Russia
On Friday, Tumblr announced their decision to remove accounts which appeared to have links to Russia, reports The Hill.
An Overview of Russia-Linked Tumblr Accounts
Tumblr...
SEC charges Lewis Wallach, ex-CEO of Professional Financial Investors with operating a Ponzi scheme
Lewis Wallach, the former chief executive of Professional Financial Investors, Inc. (PFI) has been charged with operating a fraudulent Ponzi scheme and misappropriating investors’...
International Advisory Services & Millenium Direct Incorporated Banned from Mass Mail Prize Promotion
International Advisory Services, its acting officer Terry Somenzi, along with Millenium Direct Incorporated, and its acting officer David Raff, were sued by the FTC...
4 Common Identity Theft Schemes and Ways to protect yourself from becoming a victim
Living in the digital age that we do now, it's no surprise that identity theft schemes have become rampant. Especially now with most people...
FTC Halts Company Running Tech Support Scam
In consumer protection news, the FTC sued Universal Network Solutions, LLC over deceptive marketing in the way that the company offered tech support products...
FTC stops “debt parking scheme” by debt collector Midwest Recovery Systems
The Federal Trade Commission (FTC) prohibited a debt collector, Midwest Recovery Systems from placing bogus or highly questionable debts into consumers’ credit reports. The...