Scams

U.S. federal authorities are accusing an Instagram user of defrauding followers for millions of dollars in Bitcoin. What Happened: The accusations are against Jegara Igbara, who investigators say used the social media handle “Jay Mazini." A press release put out last week by the...

Gaming enthusiast sites are reporting a number of novel developments in these early days of the PlayStation 5 rollout, some of them resulting in bans.  No Profanity On Twitter: TheGamer reports that the consoles seemingly have a built-in, unlisted function that blocks users from posting...

The United States Department of Justice said Thursday it was filing a civil complaint to seize millions of dollars worth of cryptocurrency linked to two attacks on virtual currency exchanges by alleged North Korean hackers. What Happened: Prosecutors are moving to seize 280 accounts, which they say...

Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary YouTube has been sued by a blockchain-based payment network company for its alleged inaction against cryptocurrency giveaway scams on its platform. What Happened In a statement on Tuesday, Ripple, said that giveaway scams related to its...

Facebook Inc (NASDAQ: FB) has come under heat for its role in propagating false news reports, but the site also appears to be circulating numerous shopping scams. Last week, Benzinga covered the allegedly fraudulent activity of Hobbies Discount, the customers of which reported failed delivery of...

The IRS released its yearly list of the top tax scams for 2014. Most are well-known, but have seen an uptick in frequency this tax season. Keep your eyes open for any of these scams. Fake Charities 'Tis the season for giving. Taxpayers come into some extra money this time of year and many...