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

Bitcoin Startup Pulls Disappearing Act After Raising $375K
Bitcoin Startup Pulls Disappearing Act After Raising $375K
November 21, 2017  |  Digital Payments

Confido, the startup that raised $374,477 in an initial coin offering (ICO), has reportedly disappeared with the investors’ money. According to a news report in...

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Dialing Into Call Center Fraud
Dialing Into Call Center Fraud
August 15, 2017  |  Data Drivers

Hold the phone. Hold on. Recognize that phone number? It’s yours. But it’s not you. And someone’s using that number to do some bad stuff....

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FTC Sends Out Checks To Consumers Affected By Auto Loan Modification Scheme
FTC Sends Out Checks To Consumers Affected By Auto Loan Modification Scheme
June 16, 2017  |  Fraud Prevention

The Federal Trade Commission (FTC) announced news that it is mailing 288 checks totaling more than $109,000 to victims of an auto loan modification scam. According...

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Chinese Scammers Snared, Confess To Stealing $138 Million USD
Chinese Scammers Snared, Confess To Stealing $138 Million USD
May 26, 2017  |  Security & Fraud

In an ongoing digital fraud scheme, Chinese scammers have racked up over 950 million yuan ($138 million USD) from more than 93,000 victims by preying...

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FTC Warns About New Scam That Could Harm Merchants
FTC Warns About New Scam That Could Harm Merchants
May 15, 2017  |  Fraud Prevention

Merchants that accept checks or online payments are being warned about a scam that could cost them time and money. The Federal Trade Commission (FTC)...

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Amazon Marketplace Fraud Reports Deepen
Amazon Marketplace Fraud Reports Deepen
April 18, 2017  |  Amazon

Amazon’s marketplace troubles may be even broader than reported, according to some sellers. On top of the recent issues with hackers stealing account credentials of...

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Today In Data: B2B Payments Fraud
Today In Data: B2B Payments Fraud
April 14, 2017  |  Today In Data

Fraud can happen on a multitude of levels in nearly any part of the economy. In the Association for Financial Professionals‘ 2017 Payments Fraud Survey, the...

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PYMNTS’ Daily Data Dive: Email Hacker Takes $100M
PYMNTS’ Daily Data Dive: Email Hacker Takes $100M
March 27, 2017  |  Daily Data Dive

It’s hard to hide any wrongdoings in today’s tech-infused world. Everything is recorded, timestamped, photographed and filed into the wonderful arena of the Internet. The...

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PYMNTS’ Daily Data Dive: FTC To The Debt Rescue
PYMNTS’ Daily Data Dive: FTC To The Debt Rescue
March 16, 2017  |  Daily Data Dive

Financial debt is something that plagues everyone at one point or another in their lifetime. In a Payday Support Center scam, the Federal Trade Commission (FTC) is...

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