scam

The principal of a school in Florida sent $100,000 of school money to a scammer posing as Tesla Inc and Twitter CEO Elon Musk.  Jan McGee, the longtime principal of a charter school in southeast Volusia County, has resigned after it was revealed that she wrote the check to the scammer,...

Shark Tank is a popular reality television show which allows entrepreneurs and start-ups to make deals with well-known investors. Some prominent investors appearing on the show are Mark Cuban, Kevin O'Leary, Barbara Corcoran, and Daymond John.  Entrepreneurs present their...

An Instagram influencer, Jebara Igbara, also known as “Jay Manzini,” has pleaded guilty to luring investors into a multimillion-dollar Ponzi scheme. Authorities say he cheated his followers and drained almost $8 million in the sting.  According to a Justice Department report,...

A Dallas real estate developer accused of scamming Chinese investors out of more than $26 million was indicted Tuesday on charges of wire fraud and securities fraud.  Timothy Lynch Barton, 59, president of JMJ Development Inc. and CEO of real state investment firm Carnegie Development,...

The official Twitter account of Dogecoin (CRYPTO: DOGE) announced on Saturday that it had been exposed to a new scam and warned followers about the scheme to steal their funds.  The official account requested people avoid communication that pretends to be a technology support account or...

An estimated $5.4 million worth of cryptocurrency has been lost to scams perpetrated in the name of Tesla (NASDAQ: TSLA) CEO Elon Musk from 2018 to May 2022, an analysis conducted by blockchain visualization and risk mitigation software company Blockchain Intelligence Group (BIG) has revealed...

Blockchain security firm PeckShield on Sunday warned that DogeMother, one of the many Dogecoin (CRYPTO: DOGE) offshoots, is actually a scam.  DogeMother, which has a total supply of 1,000,000 tokens, was once touted as “the most caring” new coin that was “unruggable....

Members of the Shiba Inu (CRYPTO: SHIB) community speculated about whether the SHIB whale who purchased 3 trillion tokens could actually be the creators behind the scam token Squid Game (CRYPTO: SQUID). What Happened: On Dec. 8, WhaleStats reported a whale purchased 3 trillion SHIB tokens...

Shiba Inu (CRYPTO: SHIB) — the memecoin advertised as Dogecoin-killer (CRYPTO: DOGE) turned utility token — issued a warning to its investors after they were targeted by scammers. What Happened: In a Sunday tweet, Shiba Inu's team warned its followers "of a...

Squid Game (CRYPTO: SQUID) is a token named after Netflix Inc’s (NASDAQ: NFLX) hit Korean language show. But aesthetically, there is no similarity between the two, as reports suggest this is a total cryptocurrency scam.  The crypto shot up over 1200% yesterday, luring people to...

Cryptocurrency project DeFi100 (CRYPTO: D100) has informed its investors that it defrauded them of their funds. What Happened: According to a Saturday tweet by a cryptocurrency analyst, DeFi100 announced that it scammed its users in the following unkind and inelegant message: “We...

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk is on a tweet-spree promoting Dogecoin (DOGE) and scammers are seeing an opportunity to make some quick bucks. What Happened: A sophisticated giveaway scam in the name of Elon Musk was spotted across social media platforms, including those of Twitter Inc. (...

New research suggests that age-related neurological changes can make it difficult for older adults to detect suspicious behavior and other warning signs that people may be untrustworthy, potentially putting elders at higher risk for financial fraud.   In new studies involving people age 60 and...

A Miami man who unleashed hundreds of millions of “robocalls” hawking dubious vacation trips — using a dozen different disappearing corporations over two decades — faces a $127 million fine by July 22 unless he can prove his business was something more than a tenacious...

If the past decade of news stories and fraud alerts haven’t put you on your guard for scams, 2017 should be the year to make sure you are protected against these schemes. This is especially true as scammers are deploying newer and more sophisticated tactics to relieve you of your savings,...