An estimated $5.4 million worth of cryptocurrency has been lost to scams perpetrated in the name of Tesla CEO Elon Musk from 2018 to May 2022, an analysis conducted by blockchain visualization and risk mitigation software company Blockchain Intelligence Group (BIG) has revealed. The research further indicates from 2018 to May 2022, a total of 2,703…
Here’s How Much Elon Musk-Related Scams Have Cost Traders and Investors
Watch for Debt Collectors, Scams on Social
Social media is where you watch cooking videos, gaze at photos of dreamy travel destinations, and doomscroll through endless news headlines. Now, sites like Instagram, Facebook, and Twitter could also be where debt collectors slide into your Debt Management Services (DMs). In late 2021, rule changes under the Fair Debt Collection Practices Act (FDCPA) went…
Australian Consumers Warned of Used Car Scams as Odometer Tampering Surges
The New South Wales state government of Australia is warning residents shopping for used vehicles to be mindful of odometer tampering, after a four-fold increase in the number of fines issued for the offence. Fair Trading Minister Eleni Petinos said as used vehicle sales increased during COVID-19, so too had incidents of odometer fraud. “NSW…
Singapore Saw Over 50 Percent Increase in Scams in 2021
The total number of scams reported in Singapore soared by more than 50 percent last year, with the losses from the top 10 types of scams amounting to more than $370 million, almost tripling the losses in 2020. Scams now account for more than half of overall crimes, according to the Annual Crime Brief released…
Buyer Beware: Scams are on the Rise, Say California Officials
From online dating deceptions to merchandise fraud, officials in Southern California say they’re seeing an increase in scams during the ongoing COVID-19 pandemic. “We saw particularly pernicious fraud from unscrupulous individuals or businesses seeking to take advantage of people,” a San Mateo District Attorney’s office spokesperson told The Epoch Times. “Consumers who would otherwise shop…
Feds, States Warn About Romance Scams Ahead of Valentine’s Day
With Valentine’s day fast approaching, federal and state authorities are cautioning the public to stay vigilant about romance scams, which reached a record of $304 million in losses reported to the federal government in 2020. Romance scams, also known as confidence fraud, involve fraudsters preying upon victims who look for companionship on online dating apps and…
Be Charitable, But Also Be Careful
Commentary MacKenzie Scott has achieved what no other philanthropist has. With no massive Gates Foundation-like staff to assist her, she sought out some of the neediest charitable groups in the nation and donated nearly $6 billion to them. Six billion dollars. Think of that. Think of how much good can be achieved by the beneficiaries:…
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