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Latest Confidence trick Stories

2009-03-19 10:10:50

The owner of a New York restaurant says he is offering free meals to victims of the Ponzi scheme masterminded by Bernard Madoff. Nino Selimaj, owner of Italian restaurant Nino's 208, said patrons who can show proof that they were victimized by Madoff, who pleaded guilty to running one of the largest Ponzi schemes on record, are welcome to order anything from his menu free of charge, CNN reported Thursday. Whatever is on the menu is available to victims of Madoff's scandal ... because I have...

2009-03-09 15:05:00

Outlines Broad Actions to Reduce Costs and Maintain Strong Cash Position SAN MATEO, Calif., March 9 /PRNewswire-FirstCall/ -- Con-way Inc. (NYSE: CNW) today announced a series of proactive measures being taken to enhance the company's position in the challenging operating environment. "These actions are designed to ensure we continue to maintain the strongest financial foundation possible during these unprecedented economic times," said Douglas W. Stotlar, Con-way president and CEO....

2009-03-08 12:56:49

High-profile Florida philanthropist Michael Bienes says he never suspected arrested investment guru Bernard Madoff of running an alleged scam. In an interview published Sunday in South Florida Sun-Sentinel, Bienes said he lost more than $10 million and is near bankruptcy because of money given to Madoff, who is accused by federal securities investigators of operating a $50 billion Ponzi scheme. Asked if he ever doubted Madoff, Bienes, 72, responded, "Doubt Bernie Madoff? Doubt Bernie? No. You...

2009-02-18 21:55:01

A New York man is facing charges he stole a six-story apartment building and then tried to get a $1 million mortgage on it, city officials said Wednesday. Fernando Maldonado, 47, of Brooklyn allegedly filed a phony deed with the New York City Finance and Buildings departments and then tried to defraud a lender, the city said in a news release. He now faces numerous charges that could land him behind bars for years, city officials said. Stealing a building and using it in an effort to steal...

2009-01-24 12:15:38

A lawyer says the two sons of disgraced U.S. financial investor Bernard Madoff had no knowledge of their father's allegedly fraudulent dealings. Attorney Martin Flumenbaum, who is representing Mark and Andrew Madoff, said the brothers only learned about their father's alleged actions a day before the former Nasdaq stock exchange chairman was arrested in December, The Wall Street Journal reported Saturday. Flumenbaum said Mark, 44, and Andrew, 42, told authorities of their father's allegedly...

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2009-01-05 15:10:00

After Bernard Madoff, founder of Bernard L. Madoff Investment Securities LLC, was arrested in December for allegedly heading up a $50 billion "Ponzi scheme", many investors were left reeling. Now, some keen investors are profiting from his misfortunes by selling Madoff memorabilia on eBay. Before Madoff was implicated in the scheme, he would tack his name on numerous keepsake items ranging from T-shirts to cigar humidors. John Mitchell, of Fox Grove, Illinois, has made money from the...

2009-01-02 07:42:48

Austria's government says it has taken over a bank that reportedly invested $2.1 billion in American Bernard Madoff's allegedly fraudulent securities firm. The demise of Bank Medici shows the reach of the alleged Ponzi scheme that includes losses of about $30 billion so far, The Wall Street Journal reported Friday. Madoff, under house arrest, turned over a list of his assets to the Securities and Exchange Commission. While details of the report have not been released, investors caught in the...

2008-10-08 00:00:21

By Sarah Lawson St. Joseph consumers are being warned about a scam involving phony advertisements for employment as a secret shopper, mystery shopper, or investigative shopper. The St. Joseph police have seen an increasing number of counterfeit checks that are being mailed and delivered by express mails to innocent victims. It's known as the 'secret shopper scam' and police warn residents not to fall victim. Here's how the scam works: an individual receives a letter and a check in the...

2008-07-28 12:00:34

By Susan Meeker, Colusa County Sun-Herald, Colusa, Calif. Jul. 25--Technology may be the wave of the future, but it is also a tool used to steal money. In the past two years, Colusa County sheriff's investigators estimate that local residents have been scammed out of $50,000 or more after falling prey to sophisticated e-mails designed to siphon money from their bank accounts. "People need to be very cautious about answering an e-mail, especially if it is unsolicited," Det. Tony...

2008-07-01 15:00:21

By ANGEL RIGGS E-mails purportedly from the IRS and a DHS contractor are fraudulent. OKLAHOMA CITY -- Bogus Web sites designed to trick people into providing account information have become an epidemic, a fraud expert warned Monday. Both the Internal Revenue Service and a contractor for the Oklahoma Department of Human Services recently have been targeted by scammers using look-alike Web sites to gain the trust of unsuspecting Oklahomans. Sarah Graham of Tulsa said scammers...


Word of the Day
bodacious
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'
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