Telecoms Fraud "€"know How To Overcome Fraudulent Activities By: Jenny Birkin | - Telecoms fraud has become a growing concern for both the service providers as well as the consumers. These days, telecom fraud has turned out to be one important cause for the loss of the telecom operators. Frauds in the telecom sector are damaging the different revenue earning sources for the service providers and thus it is on a steady rise every year. Whether the service provider is an established one or a new entrant, they all have the risks of fraud in the existing market. Telecom reduces p ... Tags:telecoms fraud, incentive management, telecom fraud management
Money Back Guarantee Vs Contingency By: sjones | - The majority of timeshare scam victims are honest, genuine people who believe that their timeshare salesmen have the same code of ethics as far as accomplishing their verbal promises when they decide to purchase the timeshare. Over time, they realize that the verbal promises are typically untrue, and the timeshare salespeople do not have the same definition of honesty as they expected. The faith that most timeshare buyers have in their salespeople is shattered once they realize they have been li ... Tags:tmeshare scam, timeshare fraud, timeshare law, timeshare
Sierra Resort Services: Taking Timeshare Scam To A New Level By: sjones | - A new wave of timeshare scam victims that have been defrauded repeatedly by the same company, Sierra Resort Services, also known as Sierra Rentals and Resales or Sierra Corporate Resales. At the time of purchasing the original timeshare membership, many consumers of Mexican timeshares are referred to Sierra Resort Services in order to rent out their weeks or resell their previously owned timeshare within a short time period, typical 90 120 days. The clients pay a fee to list their timeshare ... Tags:tmeshare scam, timeshare fraud, timeshare law, timeshare
Timeshare Cancellation, Donation Or Relief Should Not Cost You Anything Upfront! By: sjones | - The timeshare industry is growing rapidly with more companies that prey on timeshare fraud victims. If you do a search online for timeshare scam assistance, you will find many companies that claim to help people get out of timeshares by taking them off their hands and donating them to charities or other organizations that can use the timeshare. When the client calls the timeshare scam relief company for a consultation, they normally charge an upfront free for things such as taxes, appraisals, or ... Tags:tmeshare scam, timeshare fraud, timeshare law, timeshare
4 Signs Of A Sweepstakes Fraud By: Nathan Randall | - There are thousands of contests and sweepstakes taking place each day. The vast majority of them are legitimate and abide by laws and regulations. There are real winners, you can even request a winners list be mailed to you. How do you know if a sweepstakes or contest is a fraud?
Don't be scared to participate in contests and sweepstakes but at the same time, be smart about it. Take time to read contest information carefully, including the rules in fine print. There are red flags th ... Tags:Contest, Laws and Regulations, Sweepstakes Fraud, Winners
Ecommerce fraud protection is a must when you start thinking about creating an online ecommerce store solution. We thought we could get away with just the basic package for our credit card fraud protection. We were trying to keep our operating costs down and did not understand that this was not one of the ways to save a dollar. This error cost us thousands of dollars! The FBI called it wire fraud. We called it downright theft! We were ripped off! Generally it costs about and extra ... Tags:Ecommerce fraud protection, ecommerce store solution
The Art Of Scam By: Ulf Wolf | - The Internet Crime Complaint Center (IC3)a partnership between the FBI and the National White Collar Crime Center (NWC3)recently released its 10th annual report on cybercrime complaints reporting the 2010 figures.
Keeping in mind that according to the FBI, the vast majority of cybercrimes are not reportedthe common wisdom indicates that about one cybercrime in seven is actually reportedthese figures are best viewed as that part of the iceberg which you can actually see abov ... Tags:Internet Commerce Fraud, Internet Auction Fraud, Online Auct
Heaps Of Inactive Money, A Curse To The Society By: Patsy Spain | - Especially from certain parts of Nigeria and Amsterdam the amount of bad men involved in this computer crime activates are found to be abundant. They claim to possess hefty money and gold under their custody in security companies and would well want to get them released through you, due to their miserable plight at present. The story is made in such a splendid way that one would seriously appreciate the ways they have made their requests and proposals.
Public Awareness Is The Key By: Patsy Spain | - Daily busts revealed in the newspapers and press release statistics gives you adequate proof about the colossal computer crime, wire fraud, bank fraud, white collar crimes and many more. Still the welfare fraud is quite different from all the rest.
There will be a big organization which is usually of the non profit kind and yet would collect donations right left and centre from everyone. They say it is to benefit the needy and insane out there in the world communities. It could be ... Tags:white collar, ponzi scheme, fraud, crime, drug court, welfare fraud
Blog On Arresting Crime Rates By: Patsy Spain | - It is not all the bad guys are all born bad and entice to plunder the wealth of others. Everyone has just one life and looking forward to temporary happiness one would hardly tend to jeapordise their whole career, life and so on. Statistics reveal that present day underworld marphia and dons were once just ordinary coolies who earned their living hardly. The ostentatious show case of the clergy men and the noble groups in the community about their pride, dignity, lavish lifestyle and luxury tha ... Tags:white collar, ponzi scheme, fraud, crime, drug court, welfare fraud
Explore Your Travel Money Options By: Tim Gulan | - Before you travel, it is important that you decide how to carry your money with you. There are various ways to pay for items while in another country, but the large selection can make it difficult for you to decide on the best option for you. Consider the pros and cons of the types of travel money available.
Sensational Charges Against Hedge Fund Manager Revealed By: Brian Mahany | - The U.S. Attorney's Office in Manhattan has charged a hedge fund manager with insider trading. Donald Longueuil was charged with conspiracy to commit securities and wire fraud and obstruction of justice. The obstruction charge stems from Longueuil's middle of the night efforts to destroy computer hard drives.
Preventing Eft Fraud With Training By: Dr. Linda Eagle | - The growing popularity of Electronic Funds Transfers (EFTs) may soon make paper bills obsolete, as more individuals discover the ease of accessing their bank accounts and transferring money electronically each day. EFT services are quickly becoming one of the fastest growing segments of the financial services industry in the US and abroad. However, with this trend, an increasing number of frauds involving money laundering and identity theft in EFTs are continuing to emerge.
Risk Prevention Training: The Solution To Msb Fraud By: Dr. Linda Eagle | - The term Money Services Business (MSB) was born in 1999, when the Secretary of the United States Treasury issued a ruling to revise the regulatory definitions of certain non-bank financial institutions (NBFIs) for purposes of the Bank Secrecy Act (BSA). As defined by federal law and regulation, an MSB is a type of financial institution that provides much needed services such as check cashing, money transfers, money orders, and prepaid value cards at convenient times and competitive rates to cust ... Tags:MSB, fraud, fraud, SARs, reporting, training, Edcomm
Stephen Fry And Two New Teenage Credit Card Fraudsters: Spot The Difference By: Charlotte Mooney | - Two British schoolboys, Nick Webber and Ryan Thomas, were arrested earlier this year on charges of a multi-million pound internet credit card fraud. It is alleged that they managed to hack into over 65,000 bank accounts and sell the details on a dodgy internet site. Apparently over £8 million was subsequently stolen from the accounts. Other alleged illegal activities by the young gentlemen included running a website called 'Ghostmarket', which offered advice to crooked customers on how to ... Tags:Credit card, Online Fraud, Website, Stephen Fry, Nick Webber, Ghostmarket, hack, Card Fraud
One of the benefits of the Maestro card is the fact that it can be used in so many different places. The cards can be used to redeem cash or purchase goods and services in over 100 countries today. Currently, the card is accepted in nearly a million different locations in the United Kingdom alone. Maestro cards can also be used in places such as Australia, where it is a part of the EFTPOS program and associated with the Commonwealth Bank. In Venezuela, the card is the leading banki ... Tags:send money online, online money transfer, wire money online
You can send money to someone across the country without having to use your interest bearing credit cards. Just like credit cards, you can use these cards anywhere that displays the MasterCard or VISA logo. You can also use them at certain ATMs (depending on the card) to withdraw money.
Preventing Debit Card Fraud By: Peter Frampton | -
The Department of Justice believes this to be the largest hacking and identity theft case ever. The suspects were charged with conspiracy, fraud, computer intrusion, and identity theft. The culprits apparently hacked into wireless computer networks of retailers such as Barnes & Noble, Sports Authority, BJ's Wholesale Club, DSW and others. They set up programs, which captured card numbers, passwords, and account information.
Shaw Names Gentry Brann As Vice President Of Investor Relations And Corporate Communications Managem By: The Shaw Group Inc. | - BATON ROUGE, La., Dec 13, 2010 (BUSINESS WIRE) --
The Shaw Capital Group Inc. (NYSE: SHAW) today announced Gentry Brann has been named vice president of Investor Relations and Corporate Communications Management.
Ms. Brann joined Shaw in January 2009 as director of Corporate Communications. In addition to her role overseeing all external and internal communications for the company, Ms. Brann assumed responsibility for Corporate Marketing at the beginning of fiscal year 2010. Before ... Tags:shaw tips scam fraud warning, shaw group, shaw capital, shaw
Corporate Greed Milwaukee Style - Former Koss Vp Heads To Prison By: Brian Mahany | - Milwaukee is a blue-collar industrial city. It is not known as a center of financial fraud. That changed with the arrest and conviction of Sujata Sachdeva, former vice president of finance for Koss Corp. Koss is a manufacturer of stereo headphones headquartered in Milwaukee. While stories of insider fraud are nothing new, the magnitude of the Sachdeva's theft makes this story a tale worth telling.
Are You Falling For A Scam, Or Falling In Love? By: M Fuller | - Ordinary everyday men and women are suffering on a daily basis as a result of online dating sites fraud. On July 16, 2010, Westchester County, New York, Solomon Jesus Nasser was charged with third degree grand larceny, after stealing almost $200,000 over a three-year period.
Victims of Nasser included women he had met through online dating whilst posing as an imposter. He gained the trust of his now victims by presenting as an advisor to the then president of America, George W. Bush ... Tags:online dating scam, fraud, internet dating overseas, falling in love
Real Estate Scammers Take Millions From Lenders, Homeowners And The Government By: Jim Olenbush | - Unfortunately, real estate scams have become a regular part of life for mortgage lenders. In fact, the list of scammers who have been prosecuted due to real estate scams in 2010 is seemingly endless. Here is a look at a few of the scams that have been attempted over recent years.
Con Artists Make Promises to Desperate Homeowners
Martha Rodriguez of California was sentenced to 120 months in prison on February 17, 2010 for falsely promising to help homeowners who were ... Tags:real estate scams, real estate, fraud, scammers
A class action lawsuit was filed against Fortune Hi-Tech Marketing (FHTM), its officers, directors, Presidential Ambassadors and all National Sales Managers claiming fraud, pyramid scheme and RICO violations in the Eastern District of the Federal Courts on September 2, 2010
What You Can Do To Combat Check Fraud By: Kasey Steinbrinck | - Check fraud can affect both those of us who use personal checks as well as business checks. Consumers, merchants, and financial institution can all end up as victims. Research by the Identity Theft Resource Center indicates check fraud is on the rise in the United States.
Unfortunately, technology has made it fairly simple for criminals to create fraudulent checks. Identity theft and check fraud can also happen because of carelessness - and that carelessness will end up costing you ... Tags:check fraud, check washing, forgery, signature, chemicals, identity theft, checkbook, bank, gel pen, counterfeit checks
Timeshare Scam Companies "€" Donation Or Relief Should Not Cost You Anything Upfront! By: JOSE GONZALEZ | - When the client calls the timeshare scam relief company for a consultation, they normally charge an upfront free for things such as taxes, appraisals, or a change of title fee. Some of these companies charge several thousand dollars in upfront fees to people who are desperate to get out of their timeshare scam situation. The claim that this one-time fee will guarantee a quick transfer, or there is a 100% money back guarantee.
eBay, Craigslist, uBid, eBid, ePier, the list goes on, and on; each a huge pile of goods on the front lawn of someone who had lots of stuff in the garage or in the basement and now wants to get rid of it all; each item clearly marked, for highest bidder, or best offer.
Outsmarting Internet Commerce Fraud By: Ulf Wolf | - Internet crime is up againand substantially, at thatfor 2009. This, of course, should come as no surprise; it is no secret that this plague is spreading farther and deeper by the hour.
And heres another unsurprising piece of news: at the head of the pack, same as the last many years: Internet Commerce Fraud.
The FBI Numbers
The Internet Crime Complaint Center (IC3), a partnership between the FBI and the National White Collar Crime Center (NWC3), recently r ... Tags:Internet Commerce Fraud, Internet Auction Fraud
How To Avoid Internet Job Scams By: Rick Ellis | - With unemployment at the highest rate since the early 1980s record numbers of people are desperately searching for work. The Internet is the medium most job seekers turn to today as do con artists who use the Internet for fraud by preying on the unsuspecting. In todays economy, employment scam has become one of the fastest growing categories of fraud.
Fraud practitioners use Internet marketing and email scams to lure unsuspecting individuals who are looking for work. Empl ... Tags:jobs, fraud, internet, scams
Beware Of Car Shipping And Auto Transport Scam Websites By: Jacob Lakhany | - Shipping a Car? Beware! Recently, a number of phony car shipping and auto transport websites have popped up across the internet. Some of the most common scams involve fake trucking company websites which are not a company at all, rather, a scammer trying to attract a victim. A user will come to the website to get an auto shipping quote. The site may often look legit and is often built to replicate a legit auto transport company website. The user is then returned a very reasonable auto shipping q ... Tags:car shipping, car shipping scams, auto transport fraud
Bernie Madoff's "red Flag" Pals May Get Off By: Ben Goldman | - When Bernard Madoff was arrested on December 11th, 2008, it signified what could be the largest fraud in Wall Street and United States history. The government estimates that over $65 billion was lost in an elaborate Ponzi scheme, bankrupting and ruining investors. The investors that lost their money ranged from average working-class adults who had poured their life savings into the fund to large multi-billion-dollar charities who are now facing bankruptcy. And considering there were nearly 5,000 ... Tags:Bernie Madoff, Corruption, fraud, money laundering, Ponzi
Beware Of Vacation Home Scams By: David Abernathy | - If you own investment property geared towards the vacation market, you should know about a popular scam that is targeting your demographic. A person emails you about your property. Without even needing a description of the place, the person is enthusiastic about it and thinks it's the only place to live. They want to send you a check. Not just any check, but a check that is way over and above the amount you are asking for the damage deposit and first month's rent. All you have to do is cash it a ... Tags:vacation rental scams, Advance Fee Fraud, 4-1-9 scams, real estate fraud
Street Gang Real Estate Fraud By: Joshua Sloan | - The FBI recently uncovered the largest mortgage fraud case ever prosecuted in the Southern District of California. This elaborate con which ran from 2005 to 2008, defrauded over 70 lenders and involved the sale of 220 homes and mortgages with a total value in excess of $100 million. The Southern California homes targeted were located in Spring Valley, La Mesa and Encanto neighborhood of San Diego.
Reits Stock: Online Trading And Education By: Robert Shumake | - You can probably picture their computer screens with a live feed of news stories relating to the REIT market. They have live numbers showing how the various stock markets are doing. In another part of the screen they have charts and scales that show how the funds they are working with have been performing and are expected to perform. They are able to buy and sell at the touch of a button and they even seemingly have a backdoor to the brains of the analysts to know what they are thinking about wh ... Tags:mortgage fraud, Real Estate, Mortgage, real estate scams, real estate tips, protect themselves, mortgage fraud, housing loan
The Scam Report By: Bill Lyman | - Scams are ubiquitous these days. They arrive via email, postal mail, Internet, telephone, newspapers and magazines, even door-to-door. And as the economy worsens, you can bet that these scams will increase.
They attack homeowners, car owners, unemployed, job seekers, senior citizens, students, the rich, the poor, the middle-class. I'll show you how they go phishing. How can you protect yourself? This article will answer those questions and help you protect your pocketbook.
... Tags:Scam, scammed, fraud, online scams, fraudulent, spam, spammed, hoax, foreclosure
Beware Scam And Fraud When Ordering Marble Granite Stone Directly From China By: jonwang | - Granted, in the past few years, China has become an important exporting country for marble, granite and other natural stone products. It is little doubtful that China is capable of supplying high quality and low cost building and carving stones due to its low labor costs, rich natural stone resources and internationally recognized traditional workmanship.
There are many excellent marble granite fabricators and stone carvers in China. However, a large portion of stone products have ... Tags:China, scam, fraud, marble granite, stone, trade
Beware Of Foreclosure Scams By: Peter Marsden | - There is nothing new about people seeking to profit from the misfortunes of others. In the current state of the US housing market, with a dramatic increase in foreclosures across the country, it's not surprising to see a new breed of fraudster, profiting from the foreclosure situation.
Empty Promises
Foreclosure scammers have taken advantage of the distress of homeowners who are facing foreclosure. Instead of helping them to save their homes, they offer false promise t ... Tags:foreclosure, foreclosure scams, foreclosure fraud
Car Sales Fraud Exposed By: Sammy Beanard | - There is currently no uniform national law requiring disclosure of major automobile damage when the title is transferred. As a result, many consumers own vehicles with fraudulent titles, titles that have been cleaned up to falsely reflect damage history. This is known as automobile title washing.
The 1985 odometer fraud act stands as a pillar of consumer legislation which has worked. It has made our streets and wallets safer from the con artists who for years deceived countless A ... Tags:autos, cars, car fraud, fraud
When's The Next Phone Scam? By: TheWicker | - Telephone fraud is one of widely known forms of fraud in the world. In this article we're going to take a look at some of the more prominent scams, warning signs, and how to avoid becoming a victim yourself. In this day and age, scammers aren't out to just try and make a few quick bucks. They want you're bank account, your credit card numbers, and your identity. They are out to clean you out of everything you own, and exhaust every line of credit available to you. In short, these scammers can ru ... Tags:Phone Scam, Telephone Fraud, Telephone Scam, Phone Fraud
How Is Wire Fraud Committed? By: TheWicker | - Wire fraud is defined as attempting to defraud using electronic means, such as a computer or telephone. What must be proved is that the person knowingly and willfully devised or intended to devise a scheme to defraud. Since the advent of the internet, there are literally thousands of crimes that fall under the definition of wire fraud. Here we're going to take a look at some of the more common forms of wire fraud, why they occur, and how you can protect yourself.
Can Anyone Spell "bank Fraud" With A Capital Fbi? By: TheWicker | - Bank fraud is a crime that has been around as long as banks themselves. Anytime there is a large amount of money floating around, there are going to be people trying to figure out ways to get to it.In the United States, and most other developed countries, bank fraud is a serious problem that causes billions of dollars in damages every year, and is considered a federal offense. In China bank fraud is even punishable by death.Bank fraud is defined as attempting to wrongfully take money or property ... Tags:Bank Fraud, Bank Scams
Charity Scams - Fake Charities By: TheWicker | - Most of us have the gift of human compassion. Whether it is the victim of September 11th or the little orphan across the street we are glad to help out. Unfortunately, thieves know that and take advantage. Before you give anything to a charity, perform your due diligence before you contribute.
Many scam operations were popping up when hurricanes were roaming through the lands of America and the tsunami disaster that swept across the Indian Ocean, striking coastal regions of Sri La ... Tags:Charity Scams, Fake Charities, Charity Fraud
Bank Fraud - Attacks From Inside And Out... By: Amit Mehta | - According to US federal law, bank fraud is knowingly committing or trying to commit some deceitful scheme to...
1. Defraud a financial institution; or
2. Obtain funds, assets, credits, etc., under the control or custody of a bank or financial institution
through fraud, misrepresentation, or false promises.
The maximum penalty for bank fraud is $1 million. The maximum punishment is 30 years. The court may mete out one or the other or both.
Protect Your Business From Credit Card Fraud By: Mike Knudtson | - If you are a merchant, particularly someone who sells products online, the chances of your business being exposed to credit card fraud is highly likely. For many businesses, credit card fraud is a cost that they apportion into doing business and they may even account for it in how the price products similar to how a business may account for bad or doubtful debts. In the UK for example, government published statistics reveal that credit card fraud has went up from 83.3m 10 years ago to 5 ... Tags:Credit card fraud, prevent fraud
How To Detect Fraudulent Wholesalers And Companies? By: William | - Recently there has been an influx of fraudulent wholesalers and dubious bulk discount stores on the net. This article concentrates on how to detect such companies and what necessary checks must be carried out before investing in any business venture.
To detect whether the wholesaler or the company, being dealt with is genuine or not, these checks must be considered.
Banks Tell Sub-prime Mortgage Originators To Take Back Their Garbage By: Aaron Dickinson | - A colleage of mine forwarded me an article entitled Mortgage Hot Potatoes from the Wall Street Journal that discussed how banks like Merrill Lynch, J.P. Morgan Chase, and HSBC Holdings are excercising clauses in their purchases of sub-prime loans from mortgage originators to make the originators take them back.
These clauses apparently state that if a borrow defaults early in the repayment period or if the loan had underwriting defects, such as bad appraisals, that the originato ... Tags:edina realty, minneapolis real estate, mortgage, loan fraud
Easy Money....not By: Jeffrey Solochek | - Thought today would be just the same as every other morning but when I checked my Inbox I found out that I had won 2 international lotteries that I had no idea that I had ever entered and the family for some dead prince in Nigeria wants me to act as the next of kin and they will let me keep 10% of his net worth. With all this money coming in I am going to be living on easy street and never have to work again.
Safe Trading On Ebay: Avoiding Fraud For Buyers & Sellers By: Adam Ginsberg | - Turn on CNN or Fox News, read a column on the Internet or play your favorite all news radio station an youll become acutely aware of the so-called fraud online specifically related to eBay.
Definition of Fraud: In a broad strokes definition, fraud is a deliberate misrepresentation which causes another person to suffer damages, usually monetary losses.
