ZeekRewards: A $600 Million Ponzi Scheme Born in a N.C. Town
The SEC says Paul Burks ran a $600 million Ponzi scheme -- one of the biggest in U.S. history -- that attracted 1 million investors, including nearly 50,000 in North Carolina.
The SEC says Paul Burks ran a $600 million Ponzi scheme -- one of the biggest in U.S. history -- that attracted 1 million investors, including nearly 50,000 in North Carolina.
Most people wouldn't give their wallet to a stranger, but many people give charity street canvassers their personal and financial information. And that's not always wise.
The IRS still wants your help catching tax cheats, and they're still willing to pay for it. But thanks to the sequester, being a whistleblower won't be quite as rewarding.
Con artists and scammers know no limits when it comes to using our big hearts against us. Here are some of the most appalling scams, schemes, and ploys being used today, and tips on how avoid becoming a victim.
More than 11.6 million people in the U.S. reported having their identity stolen in 2011, 13 percent more than in 2010, and those numbers are likely to rise further. But you can avoid being a victim: Here are four things identity thieves don't want you to know.
The U.S. government is expected to file civil charges against Standard & Poor's Ratings Services, alleging that it improperly gave high ratings to mortgage debt that later plunged in value and helped fuel the 2008 financial crisis.
Recently, Forbes contributor Chris Conover took an interesting angle on the issue of health care in America by calculating the health care costs of the average worker. According to his figures, they add up to $8,953 per year -- the equivalent of 58 days of work.
A New York City woman who used her Facebook page to dupe donors into contributing to a "funeral fund" for one of the children killed in the Sandy Hook Elementary School massacre was charged with lying to the FBI, court documents showed.
Even before the LIBOR scandal hit, the financial industry's image was already badly tarnished by its leading role in causing the global financial crisis and recession. Here's a look at some of the low points for banking and bankers since the start of the financial crisis.
As more consumers pick up their smartphones and tablets to go holiday shopping, cyber crooks are trying just about everything to dupe them out of their hard-earned money. To keep you protected, we asked an online security expert to list the season's hottest scams and how to avoid them.
Christie Hefner, daughter of Hugh Hefner, was in control of Playboy Enterprises for two decades as its CEO. What she wasn't in control of was her husband, William Marovitz, who was secretly trading Playboy stock based on inside information. A new report by Bloomberg reveals the details of his transgressions for the first time.
A Miami businessman whom Ernst & Young once named "Entrepreneur of the Year" has been accused of swindling $40 million from investors, including some NBA stars, to support a lavish lifestyle. Venezuelan-born Claudio Osorio, 54, was arrested Friday and charged with 23 counts of fraud and money laundering .
MoneyGram said Friday that it has agreed to set up a $100 million compensation fund as part of a settlement of government allegations of fraud through money-transfer scams from 2003 to 2009.
A businessman who claimed in a lawsuit that Facebook founder Mark Zuckerberg had promised him half ownership in the then-fledgling company when he was still at Harvard was arrested Friday on fraud charges.













