by Steven Weisman, Esq. | Sep 17, 2020 | Scam of the day
In March I told you about the Federal Trade Commission (FTC) suing the investment training company Online Trading Academy (OTA) and its principals for fraud. Now the FTC has settled its claims agains the OTA and its principals. As a part of the settlement, the...
by Steven Weisman, Esq. | Jul 24, 2020 | Scam of the day
Longtime Scamicide readers will remember that I have written many times about a wide variety of investment scams. There are many different investment scams, but generally, people often become victims of investment scams when they invest in things that they...
by Steven Weisman, Esq. | Mar 2, 2020 | Scam of the day
Had he not died in 1949, today would have been Charles Ponzi’s 138th birthday. Scam artists around the world should probably honor the man who perfected the scheme that bears his name that has been used by many scammers to steal billions of dollars from...
by Steven Weisman, Esq. | Mar 1, 2020 | Scam of the day
The Federal Trade Commission (FTC) has sued the investment training company Online Trading Academy (OTA) and its principals for fraud and has obtained a temporary restraining order shutting it down and freezing its assets while the lawsuit proceeds. The Online...
by Steven Weisman, Esq. | Feb 10, 2020 | Scam of the day
Affinity fraud is the name for the type of fraud where people put undeserved trust in someone offering an investment opportunity because that person is “someone like me.” Affinity fraud works because people trust other people who may share a common bond,...
