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...
by Steven Weisman, Esq. | May 20, 2023 | Scam of the day
Two days ago, federal prosecutors unsealed charges against Bryan Lee in regard to an investment scam where Lee and the previously indicted Neil Chandran operated companies that purported to be developing metaverse technologies and cryptocurrencies. They promised...
by Steven Weisman, Esq. | Mar 14, 2023 | Scam of the day
The Federal Trade Commission (FTC) has recently settled its 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...
