by Steven Weisman, Esq. | Oct 1, 2024 | Scam of the day
According to the Federal Trade Commission (FTC) more scams are started on social media than on any other platform at a cost for the last two years of 2.7 billion dollars and that figure is probably low because many victims, often out of embarrassment, do not report...
by Steven Weisman, Esq. | Jun 19, 2024 | 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,...
by Steven Weisman, Esq. | May 28, 2024 | Scam of the day
Whatever is popular with many people is going to be popular with scammers and so it should come as no surprise that scammers are using YouTube as a platform for perpetrating a wide variety of scams. More than 2.7 billion people use YouTube making it the third most...
by Steven Weisman, Esq. | Apr 29, 2024 | Scam of the day
In 2023, the Federal Trade Commission (FTC) settled a lawsuit against Raging Bull. Raging Bull tricked people into paying for their bogus investment strategies and recommendations and then locked their victims into costly subscription plans that were very difficult...
by Steven Weisman, Esq. | Apr 9, 2024 | Scam of the day
What is old is new again. In 2008 when I wrote “The Truth About Avoiding Scams” I described High Yield Investment Program scams. These scams have many variations, but essentially the scammers promise that they have access to to secret investment...
