by Steven Weisman, Esq. | Oct 29, 2023 | 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. | Oct 27, 2023 | Scam of the day
I have written many times in the last ten years about Ponzi schemes because this effective investment scam that actually was around for many years before Charles Ponzi came to be identified with it is still being used to victimize many people. Here is a link to an...
by Steven Weisman, Esq. | Sep 18, 2023 | Scam of the day
Investment scams have always been with us, but according to the Federal Trade Commission, they reached 3.8 billion dollars of losses last year which was double the amount of the previous year. Many of these investment scams are promoted on social media, emails and...
by Steven Weisman, Esq. | Jul 14, 2023 | Scam of the day
Convicted Ponzi schemer Bernie Madoff who stole 50 billion dollars from unsuspecting victims may be the last person from whom you would accept investing advice, but in fact, his advice, as contained in a 2014 jailhouse interview Madoff gave to the Wall Street Journal...
by Steven Weisman, Esq. | Jun 16, 2023 | Scam of the day
WeChat and Weixin are Chinese instant messaging, social media, and mobile payment apps developed by Tencent. First released in 2011, they became the world’s largest standalone mobile apps in 2018 with over 1 billion monthly active users. The Federal Trade...
