SEC staff is aware of a number of complaints and inquiries about these types of frauds, which may be promoted on social media and internet sites, by telephone, email, in person, or by other means. The Commission’s Division of Enforcement continues to take action in this area. On April 4, 2012, the U.S. District Court [...]
Many people arrested as police clamp down on Olympic Games scams.
In just a few weeks the 2012 Olympic games will be held in London. Law enforcement agencies have issued warnings about the risk of scams. Memories of the phony ticket and package deal scams that hit the games both in Sydney and Beijing have come flooding back. In both events, thousands of victims were tricked [...]
What is an Advance Fee Scheme?
An Advance Fee Scheme happens when a victim pays money to somebody with an expectation of acquiring something of much greater value. This could be in the form of a loan, a contract, or a gift. Once the money is paid the victim obtains nothing of value in return. The diversity of Advance Fee schemes [...]
Identify fraud, scam and con artists
There are people who put themselves forward as legitimate advisors who actually want to steal your money. There are also people who try to take your money by selling you a fictitious investment product or strategy. You need to know how to identify these people to avoid falling for their scams. What does a scam [...]
H&R Block clients targeted with Tax Rebate Scam
H&R Block issued the following statement regarding this tax rebate scam: “We believe the text was sent by someone with a random list of cell phone numbers, and we have no reason to believe H&R Block’s systems have been compromised. We’re advising recipients not to respond to the text, not to call the number provided, [...]
