by Steven Weisman, Esq. | Apr 22, 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. | 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...
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. | 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...
