News Stocks 

Democrats assail $120 billion in stock buybacks in 2018 as new ‘GOP tax scam’

“Senate Democrats are decrying what they say is a new “GOP tax scam” in the wake of the Republican tax law, more than $120 billion in stock buybacks in 2018 are only benefitting corporate executives and shareholders” writes Anna Giaritelli for washingtonexaminer.com. They also predicted that tax “scam” would give them a boost in this year’s midterms.We do know that it’s great for big shareholders because it jacks up share prices. Source: washingtonexaminer.com Share This:

Read More
News 

Op-Ed Contributor: The Art of the Scam

“Giving people some security from the scam economy is never going to involve one big program or idea, like universal basic income or single-payer health care” writes Mark Schmitt for nytimes.com. Trump and Congress have done nothing to alleviate those anxieties and, especially in higher education, the financial industry and health care, have worsened them.The Affordable Care Act expanded this social contract, enabling people to share risk rather than taking it all on themselves.By contrast, Social Security and bank deposit insurance, while very different New Deal policies, all served the…

Read More
News 

Ex-Bear Shane Matthews receives prison sentence in Florida health care scam

“Former Bears quarterback Shane Matthews was sentenced to three months in prison for his involvement in a $20 million health care fraud conspiracy in Florida, the Miami Herald reports” writes Dan Cahill for suntimes.com. The jury unanimously convicted Grow of a healthcare fraud conspiracy for bilking $20 million from the TRICARE program for military members, veterans and their families. Source: suntimes.com Share This:

Read More
News 

This man made over half a million dollars threatening elderly magazine subscribers

“People who seemed vulnerable, particularly the elderly, were targeted for a secondary scam, Oliver admitted in court filings” reports washingtonpost.com. An Arizona man made more than a half-million dollars scamming elderly magazine subscribers across the country, threatening to have them arrested if they did not pay huge fees and fines. Source: washingtonpost.com Share This:

Read More
News 

Fake Charlie Lee Tries to Scam People on Twitter

“From classic phishing tactics to faking ICOs, scammers are trying everything they can to scam cryptocurrency investors” reports financemagnates.com. The scamster is even retweeting Charlee Lee’s recent posts in order to look authentic.The scheme was posted in various cryptocurrency communities, but Twitter users were quick enough to point out the scam, calling it out and requesting that Twitter ban the account. Source: financemagnates.com Share This:

Read More
Crypto News 

Tether and Bitfinex subpoenaed by the CFTC as Bitcoin drops below $10K

“The price of Bitcoin plummeted below $10,000 Tuesday morning as news broke that The U.S. Commodity Futures Trading Commission had subpoenaed Tether and Bitfinex, a so-called stablecoin cryptocurrency and one of the world’s largest cryptocurrency exchanges, respectively” writes Jack Morse for mashable.com. First reported by Bloomberg, news of last week’s subpoenas follows allegations from critics of Tether that the digital currency may not in fact be backed on a one-to-one basis with U.S. dollars as its founders claim. “We routinely receive legal process from law enforcement agents and regulators conducting…

Read More
Crypto News 

A little-known token may be fueling Bitcoin’s rise. Critics say it’s a scam.

“Without this scam Bitcoin price would collapse by 80%” writes Jack Morse for mashable.com. In the meantime, what does all this mean for Tether, Bitcoin, and cryptocurrency in general?. The idea behind them is simple enough: peg a cryptocurrency coin, or a token, to something like the U.S. dollar. Source: mashable.com Share This:

Read More
News 

FCA publishes more gloomy data about binary options fraud, no action yet

“The volume of warnings issued by the Financial Conduct Authority (FCA) regarding investment fraud, including binary options scams, is rising” reports financefeeds.com. Action Fraud figures underline this trend, showing that under 50s are significantly more likely to fall victim to a binary options scam versus other types of investment fraud (34% v 21%).On January 3, 2018, binary options became a regulated investment product, meaning that all firms trading in binary options will need to be authorised by the FCA. Individual complaints regarding binary options can be referred to the Financial…

Read More