Crypto News 

City of London Police arrest man over crypto currency scam

“The City of London Police have acted to dismantle a crypto currency scam” reports financefeeds.com. The salespeople engaged in the fraudulent enterprise made phone calls to persuade people to invest in a crypto currency.The announcement by the City police says that the crypto currency in question “does not exist and is therefore worthless”. Source: financefeeds.com Share This:

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News Platforms 

Here’s how to scam your way into becoming an Instagram influencer

“The onus is on the influencer marketing platforms: to start to talk about this, to identify the bad actors in the space, and call them out,” Asano said” writes Kerry Flynn for mashable.com. Mediakix received the deals from two reputable influencer marketing platforms, one of which closed out a notably sized round of funding this year. Source: mashable.com Share This:

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News 

‘Honey, you’ve been scammed,’ she was told. She lost her home of 30 years.

“The ringleader, 42-year-old Sammy Araya of Santa Ana, was sentenced in federal court in Alexandria earlier this month to 20 years in prison” writes Rachel Weiner for latimes.com. Nine co-conspirators pleaded guilty in the mortgage scam case.”I called the [Federal Trade Commission] and they said, ‘Honey, you’ve been scammed.’” Government representatives told her there was nothing they could do, and her lender wouldn’t work with her. Source: latimes.com Share This:

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News 

How your pet could make you a target for scammers

“With 65% of U.S. households including pets (and an estimated $60 billion in spending on them), pet owners represent persons of interest for scammers” writes Adam Levin for marketwatch.com. Unfortunately, pet ownership can also make you a target for phishers, scammers and identity thieves.It’s a scam waiting to happen, and you have provided the means of your own victimization by doing the right thing by your pet. Source: marketwatch.com Share This:

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News 

New card reader scam leaves elderly woman’s life savings empty

“The elderly woman had her life savings taken, including savings for her granddaughters, by what the woman was led to believe was a helpful service” writes Daily Mirror for aol.co.uk. A grandma has been left devastated after her entire bank account was emptied by a new card reader scam.See also: Lloyds customers targeted in fraud See also: Common fraud tactics to look out for The scam, which apparently seems genuine, involves being sent a fake card reader machine.She said: “The Royal Bank of Scotland uses a digital banking card reader…

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News 

SEC Charges 13 Individuals Involved in $10 Million Boiler Room Scam

“The sales representatives instructed traders to place trades on certain shares, following which the scammers would place their own opposing short trades” reports financemagnates.com. The US Securities and Exchange Commission (SEC) announced it has pressed charges against 13 individuals who were allegedly involved in two cold calling scam operations based in New York. The first episode tells how Bob Bauman, a military veteran with an advanced business degree, fell victim to a scam involving silver. Source: financemagnates.com Share This:

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Crypto Markets News 

Darknet Market AlphaBay Down: Exit Scam or Maintenance?

“Back in May, another darknet market known as Outlaw also allegedly pulled an exit scam on its users” reports cryptocoinsnews.com. Another reddit thread reminds users that AlphaBay is an established market and that when markets go down, phishers become more active.Popular darknet market AlphaBay, responsible for helping Monero’s value surge in 2016 after it partnered with Oasis and started accepting the cryptocurrency, seems to be down since Tuesday night, and users are now starting to grow suspicious.While details are still scarce, various users stumbled upon a large bitcoin withdrawal coming…

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Brokers News 

Paris Hilton’s Teacup Dog Broker Accused Of Puppy Scam

“Paris Hilton and Kelly Osbourne’s broker who specializes in tiny dogs has been accused in a police report of “fraud as result of a scam.”” reports tmz.com. The customer who filed the report tells us she bought a teacup Maltese from Betty’s Teacup Puppies for $7,150 May 23, and assured the pooch would be delivered by June 1.The woman says the broker reneged when she called and said the dog was too small to deliver by the deadline.The broker admits she couldn’t meet the June 1 deadline, but tells us her…

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News 

China is investigating that weird, traffic-straddling bus, which in retrospect was totally a scam

“Police in Beijing are investigating the elevated bus company Now it seems like the local authorities have finally caught on” writes Jul Edt for theverge.com. Last year, the internet briefly caught fire when pictures of a weird, elevated bus that glides above traffic began circulating around.According to Quartz, police in Beijing are investigating whether the company behind TEB was illegally raising money through an online portal.Just last month, Chinese rail transit company CRRC unveiled something it calls the Autonomous Rail Rapid Transit, a cross between a train and a bus…

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