Email spoofing is to send fake, impersonate or forge emails to someone. It is often a technique used in spaming and phishing emails to hide the location of the sender and to trick the receiver to release personal information. There are different types of email spoof, but they all have similarities. One main similarity is: [...]

Ponzi scheme is a type of investment fraud named after Charles Ponzi. A classic Ponzi scheme have virtually no income-generating from its business and the schemer uses new investors’ funds to payout existing investors. Ponzi scheme promises its investors with little or no risks and are encouraged to recruit new members. The Ponzi schemer focus [...]

April 15, 2011, players in the United States went to fulltiltpoker.com and found this message: “This domain name has been seized by the Federal Bureau of Investigation.” U.S. Justice Department Claims Full Tilt Poker A “Global Ponzi Scheme” September 20, 2011, U.S. federal prosecutors accused executives at the online poker site Full Tilt Poker (PokerStars [...]

What is Ponzi Scheme? A Ponzi scheme is an investment scam or investment fraud. The Ponzi schemer promise high investment returns with little or no risk. A classic Ponzi scheme have virtually no income-generating from its business and it uses new investor funds to payout existing investors. The Ponzi schemer focus on recruiting new investors [...]

Who is Nevin Shapiro? Nevin Shapiro, 42, of Miami Beach, Florida, plead guilty to one count of securities fraud and one count of money-laundering in September 2010. Prosecutors alleged Shaprio for running a $930 million Ponzi scheme which was estimated to cost investors $82.7 million. Shaporo was ordered by U.S. District Judge Susan D. Wigenton [...]

Don’t confuse a pyramid scheme with Ponzi scheme, although there are some similarities but they are not the same. The structure of a classic Ponzi scheme is more like a triangular and not a pyramid. The similarities of the two is both are investment fraud. The schemer will be at the top and below are [...]

How to spot a pyramid scheme Sales pitch to get people to participate with “guarantee profit” Written legal opinions say that it is not a pyramid scheme and it is legal Little or no information about the company or the products you are investing in unless you join No products and unrealistic pricing. The product [...]

What is a pyramid scheme? Pyramid schemes are a form of fraud and scam, however some legitimate businesses are structure base on the pyramid schemes. The main trait of a pyramid scheme is the participates only make money from funds by new members and for that reason pyramid schemes are not sustainable. The business model [...]

Fake/counterfeit check scams According to the Consumer Federation of America (CFA), nearly a third of all adult Americans have been approached with fake check scams and at least 1.3 million have fallen for it. With an average loss between $3,000 – $4,000 each. Read here 1.3 million fallen for check scams Check scams topped the [...]

Craigslist Check Scam Fake or counterfeit checks and fake money orders are one of the most common tricks use by scammers. If you’re selling something on Craigslist you better watch out for scammers posing as buyers or sellers sending you fake checks. A typical Craigslist check scam involve one or several followings Inquiry from someone [...]

Scams in the parking lot It’s broad daylight and you don’t expect anyone robbing you, especially in a busy parking lot. You finish shopping and walking to your car. You open your car door and some stranger walk behind your car to squirt some liquid. Then the stranger walks up to you and said your [...]