Every four years, the world’s best athletes come together to compete in the Summer Games. And every four years, scammers try to use the Games to swindle people out of money. With less than a week before the Olympics begin in …
Scams
The $40 Million Counterfeit Coupon Caper
Financial Fraud: How to Avoid the Grandparent Scam
Scam artists have a new method: pose as a youngster in trouble in a foreign country and get Grandma to wire money. You’d be surprised how often it works.
The Yelp Conspiracy: How a Group of Businesses Conspired to Get Better Yelp Ratings
Yelp recently busted what it calls a “review-swapping ring,” in which partners in a business network posted top ratings and glowingly positive reviews of each other’s services.
How Exactly Do Cyber Criminals Steal $78 Million?
Let’s say you’re a cyberthief who just compromised hundreds of bank accounts worth millions of dollars. Congratulations! You’re now the scourge of the global community. Now, all you need to do is get your hands on that money. …
The Barclays LIBOR Scandal Is a Clear Case for Greater Consumer Protection
When it comes to managing personal financial affairs, there is only so much an individual can know. For years, the financial literacy movement missed that.
Skechers Fitness Claims Shot Down; Turns Out You Really Have to Exercise
In a blow to those who want to believe there’s a magic alternative to exercise, Skechers has agreed to pay $45 million to settle claims that the company exaggerated the fitness benefits of its rocker-bottom athletic shoes. It …
Don’t Fall For a Facebook IPO Scam
Facebook is getting ready for its IPO any day now. Some analysts predict that the eight-year-old company could be worth nearly $100 billion. If the actual numbers wind up being anywhere near that, some early-stage investors and …
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.
Alumni Credit Card? First, Lose the Greedy Pitch
Colleges are slamming graduating students with credit card offers that sound sincere but amount to a hard sell. Yes, the right card will help build a good credit score. But watch out for the accompanying advice on how to go about it.
Are Online Dating Services a Waste of Money?
Based on the numbers alone, the advantages of online dating services seem obvious. The sites grant access to larger pools of potential dates than you could ever find on your own, and the more people you connect with, the greater …
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.