Tag Archives : fraud

Women are significantly more likely to fall for scams on the Internet than men, concludes a survey based on an online test. In six of the seven tests, most women fail to recognize a scam compared to men. Women assumed familiar with technology, between 25 and 34, comprise the group most vulnerable to scams, according to the site Knowthenet, UK. The [...]

Don’t we already know that we lay ourselves vulnerable with our online existence and constantly updated presence? It seems that this open vulnerability has been rearing its ugly head to the tune of thousands of dollars. Jayne Scherrman was conned of ‘$4,000 by scammers who hacked into a Facebook page belonging to one of her friends.’ This is [...]

Conspiracy theories have done their share in making this world a more interesting place to live in. At the very least, they have made people think and stretch their imagination just a little bit more. While the original versions of these stories are deemed amazing, mind-boggling, or befuddling, one can imagine how far more interesting their conspiracy [...]

The mastermind behind one of the biggest and the most elaborate financial scams of this century. Bernard Madoff has been sentenced to 150 years in jail. Madoff had been indicted with multiple counts on fraud and has been in police custody, before the verdict was delivered by Judge Denny Chin of U.S. District Court in New York. In his closing statements, [...]

Bernard Madoff may be facing 150 years in prison but not if his lawyer can help it. Ira Lee Sorkin made a written request to the judge, referring to his client’s age and asking for the sentence to be reduced to 12 years. Madoff is 71 years old and with the average life expectancy being around 80 years; Sorkin believes that a sentence of 12 years would [...]

There are only two drugs approved to treat the Influenza A (H1N1) virus, formerly called swine flu. Only Relenza and Tamiflu are approved to cure the viral infection. Other medicines that are advertised as approved over Internet sites that sell online medications may either be counterfeit or a health risk. “Protect yourselves and your computer [...]

Bad corporate behavior has been taking the limelight lately. After all, the current raging economic crisis can very well be attributed to corporate excess gone wild and bad. Given the prevalence of corporate misconduct in the recent past, whistleblowing incidents are not exactly few and far between. Nothing beats the year 2002, however. Business Week [...]

Just as Wall Street has sunk, so has its iconic figure. Bernard Madoff pleaded guilty Thursday March 12 to eleven charges of fraud amounting to at least $50 billion. He was handcuffed and detained immediately after pleading guilt. His sentence carries a penalty of one hundred and fifty years in jail. The audience in the New York court applauded after [...]

When you talk about stylish watches, you can never sideline the Breitling Navitimer, which was originally introduced way back in 1952. Over the past two centuries, they have managed to attract many loyal customers both professionals and watch aficionados. This time around, Breitling is releasing their special run of Navitimers in order to mark their [...]

Bernard Madoff is one of the oldest brokers on Wall Street where he had worked for over fifty years. Madoff Investment Securities was one of the companies that participated in the creation of the Nasdaq. The company managed assets well into the billions of dollars. Almost half of its clients were hedge funds, banks, institutional investors, and private [...]