A Facebook group claiming to give away iPhones for free is drawing attention among Singaporean netizens, with many trying their hand at getting  one of the promised devices.
The group, simply called ‘Promotional iPhone 3GS Giveaway’ was created by a user known a certain Elisabeth Cartenyae.
Elizabeth claims to work for an online company and said that [...]

Scams, technology Hide

The hunk is the “face” of a conman and rapist (right) who pretended to be the hunk’s cancer-stricken father to get the girls to have sex with him and part with their cash.
The 55-year-old conman-cum-Casanova impersonated two characters – a good-looking son and his father – to cheat the women of sex and money. More than [...]

Scams Hide

Accused of overseeing Ponzi scheme
Toronto police have issued an arrest warrant for a man claiming to be the “Chinese Warren Buffett” for allegedly defrauding more than 100 people of a combined $30 million.
Weizhen Tang, 51, is wanted on fraud charges for overseeing what police call a Ponzi scheme between January 2006 and March 2009.
His online [...]

China, financial scandals, losses, ponzi, Scams Hide

I joined the Money section of The Straits Times in May 2000. Back then, the personal finance sector, made up of banks, insurers and broking houses, was like a sleepy giant. Each party operated in its own silo and cross-selling was uncommon.
But my timing couldn’t have been better because, fortunately for me, the party began [...]

dubious practices, financial products, financial scandals, insurance, investments, lesson, losses, Scams, Singapore Hide

UK fraudsters running scam websites are turning their attentions to European music fans, an expert has warned.
Sites were advertising non-existent tickets to events held in countries including Spain, France and Germany, said Reg Walker of Iridium Security.
And figures obtained by the BBC suggest complaints from residents in Europe about this kind of scam perpetrated by [...]

education, entertainment, music, Scams Hide

By Tessa Wong
MORE than 1,000 investors have been left high and dry after two investment companies, under investigation by the police, appear to have closed shop.
Both companies were recently in the news for having riled their customers with allegedly suspicious practices, leading many of them to lodge complaints with the Consumers Association of Singapore (Case).
One [...]

boiler room, investments, losses, Scams, Singapore Hide

CNBC Video
Airtime: // Thurs. Dec. 31 2009 | 7:33 AM ET
The number of Ponzi schemes that came to light in the U.S. in 2009 nearly quadrupled. Asher Rubinstein, partner at Rubinstein & Rubinstein, offers his take on how to prevent future scandals, with CNBC’s Martin Soong.

financial scandals, ponzi Hide

It Wasn’t Just Madoff — A Tough Economy Toppled Many Pyramid Schemes in 2009
By DREW SANDHOLM, ABC News

It was right at the end of 2008 that Bernard Madoff admitted to his sons that his multibillion investment business was “one big lie.” As his scam unraveled in the courts and in the media throughout 2009, [...]

Allen Stanford, Bernard Madoff, losses, ponzi, scammers, Scams, Scott Rothstein, Tom Petters Hide

CENTRAL Provident Fund members have been warned they face fines of up to $10,000 if they take part in a scam that has just come to light.
The CPF Board issued the stern warning after a report in The Straits Times on Thursday exposing a practice adopted by unscrupulous financial advisers who plunder members’ CPF investment [...]

investments, Scams, Singapore Hide

A Taiwanese man has been arrested and accused of defrauding hundreds of people by posing a member of the Brunei royal family, local media reports say.Wei Yao-sheng is said to have claimed to have been authorised by a Brunei bank to set up a royal investment fund in the country. He managed to attract some [...]

investments, Scams Hide