scam

An advance-fee scam is a form of fraud and one of the most common types of confidence tricks. The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster requires in order to obtain the large sum.

Source: en.wikipedia.org

Meta Sounds Pre-Holiday Alarm as Scam Incidents Jump 56%
Meta Sounds Pre-Holiday Alarm as Scam Incidents Jump 56%
December 10, 2024  |  Meta

Meta has launched a pre-holiday anti-scam awareness campaign to keep users safe. “Scammers are persistent and try to trick people in a variety of ways...

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Google Aims to Set Precedent With AI Scam Lawsuit
Google Aims to Set Precedent With AI Scam Lawsuit
November 13, 2023  |  Google

Google has filed a lawsuit aimed at preventing scams related to its AI offerings. The tech giant announced the suit Monday (Nov. 13) on its blog, saying the...

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FTC Distributes $115M to Victims of MoneyGram Payment Fraud
FTC Distributes $115M to Victims of MoneyGram Payment Fraud
February 12, 2023  |  Security & Fraud

The federal government has reimbursed nearly 40,000 victims of fraud schemes processed by MoneyGram. According to a Friday (Feb. 10) Federal Trade Commission (FTC) news...

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Italian and Albanian Authorities Break Up Crypto Scam Ring
Italian and Albanian Authorities Break Up Crypto Scam Ring
December 23, 2022  |  Security & Fraud

Italian and Albanian authorities have broken up an organized crime group’s crypto scam.  The group had stolen an estimated 15 million euros (about $16 million),...

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French Authorities Charge 2 in $2.1M Crypto-Related Fraud 
French Authorities Charge 2 in $2.1M Crypto-Related Fraud 
December 09, 2022  |  Cryptocurrency

Fraudsters allegedly promised counterfeit cash or digital wallets for cryptocurrency and then stole the funds.  Bloomberg reported Friday (Dec. 9) that the scammers set up fake identities,...

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Walmart Stops $4M in Gift Cards From Reaching Scammers Targeting Older Victims
Walmart Stops $4M in Gift Cards From Reaching Scammers Targeting Older Victims
April 04, 2022  |  Walmart

Walmart’s technology has helped it identify and freeze millions in gift cards that were bought by elderly victims that had fallen prey to con artists,...

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CFTC Charges 4 in $44M Bitcoin Scam
CFTC Charges 4 in $44M Bitcoin Scam
March 11, 2022  |  Security & Fraud

The U.S. Commodity Futures Trading Commission (CFTC) has filed a federal civil enforcement action this week against four men for allegedly conducting a $44 million...

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Bitcoin Daily: UK Police Seize Over $2M in Crypto Scam; Miami-Dade County Creates Task Force on Crypto Tax Payments
Bitcoin Daily: UK Police Seize Over $2M in Crypto Scam; Miami-Dade County Creates Task Force...
October 27, 2021  |  Bitcoin

U.K. police have seized over $2.7 million in cryptocurrency after an investigation officials termed a “sophisticated cyber fraud,” the Lincolnshire Police announced in a press...

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Bitcoin Daily: Sotheby’s Teams With Coinbase To Accept Crypto At Auction; Binance CEO: CBDCs Will Be More Restrictive Than Current Crypto
Bitcoin Daily: Sotheby’s Teams With Coinbase To Accept Crypto At Auction; Binance CEO: CBDCs Will...
May 05, 2021  |  Cryptocurrency

In a partnership with Coinbase, art marketplace Sotheby’s now accepts bitcoin and ethereum payments for art, beginning with Banksy’s Love is in the Air picture....

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