Every four years, the world’s best athletes come together to compete in the Summer Games. And every four years, scammers …
fraud
LIBOR Rigging: What the Regulators Saw (but Didn’t Shut Down)
Why weren’t the first signs taken more seriously? Has there been a serious failure of regulation, or are there strong mitigating circumstances that could explain and justify the lack of resolute action?
The $250,000 Airline Pass That Was Worth Every Penny
In the early 1980s, American Airlines started selling the AAirpass, which granted the holder unlimited first-class travel with the carrier—for life. At first, the pass cost $250,000. Sounds like a lot of money (especially three …
Moving Season: 5 Ways to Make the Transition Go Smoothly — and Avoid Costly Problems
With the warmer months upon us and school about to let out for summer, it’s high season for moving. That also means it’s also peak time for ripping off those who are relocating.
Mysterious Credit Card Charges: Why You Need to Check Your Bills
Do you read your credit card bill? Really look at it? Crooks are counting on that not happening.
Grave Robbing: 2.5 Million Dead People Get Their Identities Stolen Every Year
Being a victim of identity theft is always a frustrating ordeal, but millions of Americans have to face an even more troubling scenario: Finding out that a criminal has applied for credit in the name of a deceased family member. …
Will the JOBS Act Live Up to Its Name?
President Obama just affixed his signature to the JOBS Act in a public signing ceremony you may have caught on CNN. The Jumpstart Our Business Startups Act, which passed both houses with bipartisan support, sounds like a win for …
Gambling Site Full Tilt Poker Alleged to Be a Ponzi Scheme
It’s easy to lose money by gambling. And it’s really easy to lose money by gambling when the house is basically using a stacked deck, and never plans on paying out all the winnings. According to attorneys who filed a civil suit …
Paying by Phone Is Riskier Than You Think
Technological advances and the proliferation of smartphones have given consumers an increasing number of ways to pay for goods and services using their mobile phone. Many of these options are similar to online bill paying, in …
Top 10 Consumer Complaints
What’s getting consumers up in arms lately? Check out the list that follows. Working with various state, local, and federal consumer agencies, the Consumer Federation of America has gathered and sifted through more than 252,000 …
Your Credit Card Data Is Probably at Risk
Hackers are getting smarter when it comes to stealing your personal account information. The recent data breach at Citi — which turned out to affect some 80 percent more customers than initially reported and led to $2.7 million …
China’s Hot New Export: Financial Fraud
Stock and accounting fraud are nothing new. And yes, we have plenty of home-grown frauds. (Remember Enron?) But so far this year, the vast majority of stock fraud seems to be coming to American investors by way of China.
