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Latest Confidence trick Stories

2010-06-07 02:58:00

GIBRALTAR, June 7, 2010 /PRNewswire/ -- Being smart is not enough to protect yourself from online scamming. There are fake websites popping up every day. Identity theft and IRS scams are abundant and phishing attacks are the new black of online fraud. We may not be able to completely stop it, but there are ways to significantly reduce the risk of becoming a victim. Just last month the "Ikea, Gift Card Scam", took in over 70,000 victims. Only months before that, there was the...

2009-11-23 14:12:00

NEW YORK, Nov. 23 /PRNewswire/ -- In recognition of the damage inflicted on investors by financier Bernard Madoff's decade-long Ponzi scheme, CIRCA, the largest global buyer of jewelry from the public, recently spent $50,000 in a U.S. Marshals-held jewelry auction designed to benefit Madoff's investor victims. (Photo: http://www.newscom.com/cgi-bin/prnh/20091123/NY16084) CIRCA purchased an Art Deco diamond and emerald bracelet for twice the piece's appraised value of $25,000. The piece,...

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2009-09-17 18:36:46

Convicted swindler Bernard Madoff's beach house on New York's Long Island sold for more than the $8.75 million asking price, the listing broker said Thursday. The 3,000-square-foot shingled home -- with 182 feet of ocean frontage, four bedrooms, three baths, a double-height great room with a two-story stone fireplace, a deck and a pool -- was put on the market two weeks ago by the U.S. Marshals Service as part of plan to repay victims of the $65 billion Ponzi scheme, the largest investor...

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2009-08-15 09:05:42

Three opulent homes owned by U.S. Ponzi scheme perpetrator Bernard Madoff will be auctioned off to help his victims, authorities say. U.S. Marshal Service spokesman Roland Ubaldo said Friday that Madoff's cliffside summer home on New York's Long Island, a penthouse on Manhattan's Upper East Side and a palatial mansion in Palm Beach, Fla., would be sold to pay restitution to those who lost billions in the former financier's Ponzi scheme, The New York Daily News reported. Together, the marshal...

2009-08-06 02:01:00

PALM DESERT, Calif., Aug. 6 /PRNewswire/ -- (Scamraiders.com) - Since the June launch of Scamraiders.com, the site has been inundated with emails from members expressing their own stories of abuse, scams and cons that are adversely impacting their daily lives. Scamraiders' dedicated staff has investigated many of these 'horror stories' and have provided practical advice to victims from across the country. Scamraiders does not provide legal advice, but attempts to help their members help...

2009-07-02 06:00:00

SAN FRANCISCO, July 2 /PRNewswire/ -- Today, business legends Warren Hellman and Arthur Rock announced the first, and one-of-a-kind, online Con Artist Hall of Infamy with Bernard Madoff as a featured inductee of 2009. Halls of fame exist for everything from baseball to rock and roll. Now there's a place to take stock of our most memorable crooks: The Con Artist Hall of Infamy (www.thehallofinfamy.com). The website includes: 35 profiles, organized by type of con. The context of the...

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2009-07-01 10:29:28

Appealing convicted Ponzi scheme operator Bernard Madoff's 150-year prison sentence would be an exercise in futility, a legal expert said. Given Madoff's age, 71, even a reduction to 50 years would amount to a lifetime sentence, a case of Madoff winning the battle, but losing the war, Mark Allenbaugh, a former attorney for the U.S. Sentencing Commission told USA Today. Allenbaugh said it could be argued the sentence was unreasonable on its face, but he said the chances of winning an appeal...

2009-06-30 07:43:57

The numbers in the world's largest Ponzi scheme appeared larger than life -- the kind of nightmare that dwarfs the imagination everywhere but New York. Imagine $65 billion lost. That's hard to lose in many countries -- let alone citys. It is even, apparently, not quite feasible in New York City, for the fraud perpetrated by convicted trader Bernard Madoff included investors from around the globe, as a Ponzi scheme, by virtue of simple math, requires an ever-expanding number of victims in...

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2009-06-17 11:10:00

Two former Bernard Madoff Investment Securities traders said the New York broker's sons, Andrew and Mark Madoff, were aware of their father's investment scam. Former traders Reed Abend and Richard Stahl have filed suit against the brothers, who managed the company's trading operations, the New York Post reported Wednesday. The suit claims the sons lied in 2001 in their reaction to a Barrons article that called the firm's high rates of return questionable. In their reaction, the sons said...

2009-05-11 08:00:00

Cellufun's New Mobile Game 'Made Off' Lets Everyone Play Bernie's Ponzi Scheme NEW YORK, May 11 /PRNewswire/ -- Bernie Madoff's $65 billion Ponzi scheme surprised the global economic marketplace and left many wondering how they missed out on their own chance at riches. Now anyone can try their hand at creating and managing a Ponzi scheme with Cellufun's new "Made Off" game for mobile phones. The game is accessible on all mobile phones and carriers by entering http://wap.cellufun.com/madeoff...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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