Oct 02
The Securities and Exchange Commission (“SEC”) charged Jonny Ngo, Donato “Mick” Baca, Jr., and NL Technology, LLC with defrauding hundreds of investors by running a Ponzi scheme. A Ponzi scheme is a type of investment fraud that sustains itself by paying claimed returns to existing investors with fresh money from new investors, while also enriching …
Permanent link to this article: https://betweenthenumbers.net/2018/10/sec-charges-san-diego-duo-in-alleged-ponzi-scheme/
Feb 24
The FBI has issued a warning for increasing levels of a type of fraud known as “business email compromises” that target companies that regularly wire funds to foreign third parties. In this scheme, an accounting officer is targeted with an email that appears to be originating from a company executive. In fact, upon closer inspection …
Permanent link to this article: https://betweenthenumbers.net/2015/02/fbi-business-email-compromise-alert/
Permanent link to this article: https://betweenthenumbers.net/2013/01/i-smell-a-hoax/
Jun 22
Six men in Britain have been convicted of not only selling fraudulent documents, but effectively operating a “school” to teach customers how to perpetuate frauds with the documents they purchased. Confidential Access, the website at the center of the multi-level fraud, sold (mostly stolen) full credit profiles to its 11,000 customers for approximately $8,500 a …
Permanent link to this article: https://betweenthenumbers.net/2012/06/fraud-school/
Jan 25
I Smell A Hoax.
January 25, 2013
Sometimes reporters are so eager to tell a particular story that they will not apply a sufficient level of skepticism. On Friday January 18, news sites across the web linked to a story from the Salt Lake Tribune titled “Utah business owner fires two who backed Obama”. The story apparently started from the following comment …
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