scams

Spot and avoid scams and unfair, deceptive, and fraudulent business practices with tips from the FTC, America's consumer protection agency. Learn about recent scams and how to recognize the warning signs.

Source: consumer.ftc.gov

Bitcoin Daily: BitGrail CEO Owes $170M; $1B In Digital Currency Hacks Stolen
Bitcoin Daily: BitGrail CEO Owes $170M; $1B In Digital Currency Hacks Stolen
January 29, 2019  |  Bitcoin

Francesco Firano, founder of cryptocurrency exchange BitGrail, has been ordered to repay the $170 million worth of cryptocurrency that allegedly went missing last year. According...

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Fraud? Maybe Not, But Some Questionable Expenses Indeed
Fraud? Maybe Not, But Some Questionable Expenses Indeed
December 21, 2018  |  B2B Payments

Watches for $8,000? Hotel rooms for garlic? Certify offers some of the more questionable attempts at expense reimbursements, which also spotlight how firms can track expense...

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UK Reg Tackles Authorized Push Payment Fraud
UK Reg Tackles Authorized Push Payment Fraud
December 14, 2018  |  Regulation

In an effort to help authorized push payment (APP) fraud victims, The U.K.’s Financial Conduct Authority (FCA) unveiled new rules on Friday (Dec. 14). As...

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Jumio: Why Online Love Doesn’t Have To Attract Fraudsters
Jumio: Why Online Love Doesn’t Have To Attract Fraudsters
December 12, 2018  |  Authentication

The prospect of love always carries with it the prospect of danger. One can interpret that many ways — philosophically, poetically, psychologically. Right now, though,...

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Bitcoin Daily: Bitcoin Plunge Sinks Crypto Startups; New Tech Predicts Crypto ‘Pump-And-Dump’ Scams
Bitcoin Daily: Bitcoin Plunge Sinks Crypto Startups; New Tech Predicts Crypto ‘Pump-And-Dump’ Scams
December 07, 2018  |  Bitcoin

In February, the U.S. Commodity Futures Trading Commission issued a warning to consumers about pump-and-dump cryptocurrency scams, and now regulators have some help in finding...

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Nissan’s Ghosn Gone Amid Improper Payments Scandal
Nissan’s Ghosn Gone Amid Improper Payments Scandal
November 30, 2018  |  B2B Payments

Nissan has voted to oust Chairman Carlos Ghosn from his position in the wake of alleged fraud. Beyond those headlines, Australia urgently warns of BEC...

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Corporate ePayments Still At Risk For Employee Embezzlement
Corporate ePayments Still At Risk For Employee Embezzlement
November 30, 2018  |  B2B Payments

A new report from specialist insurer Hiscox recently revealed an unsettling trend about employee fraud and embezzlement: Most of the time, the scam involves two...

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Bitcoin Daily: Blockchain Phone ‘Finney’ To Debut In Dec; AriseBank CEO Handed 120-Year Prison Sentence Over $4M Crypto Scam
Bitcoin Daily: Blockchain Phone ‘Finney’ To Debut In Dec; AriseBank CEO Handed 120-Year Prison Sentence...
November 30, 2018  |  Bitcoin

Blockchain startup AriseBank’s CEO is facing up to 120 years in prison for misleading investors in a crypto scam. According to The Next Web, Jared...

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Major Retailers Brace For Gift Card Fraud
Major Retailers Brace For Gift Card Fraud
November 23, 2018  |  Security & Fraud

To counter fraud as the holiday season approaches, Best Buy, Target and Walmart made changes to their gift card programs. The moves were announced by...

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