Fraud
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Seller of Indian $4 Smartphone Accused of Fraud
Recently an Indian company revealed that they would be selling a smartphone for only $4, however, 30,000 unit sales later, it has turned out that it may just be too good to be true. The company has been accused of fraud by congressman Pramod Tiwari, with another MP, Kirit Somaiya…
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HMRC ‘Reluctant’ to Tackle VAT Fraudsters Says Tax Law Professor
HMRC is responsible for investigating companies and individuals who failed to disclose VAT when selling goods online. However, according to Rita de la Feria, a professor in tax law at Durham University, HMRC isn’t intervening due to EU law and soaring legal costs. Additionally, she discussed the legislation which demands companies…
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Malware In Hilton Hotels Results in Card Details Being Stolen
How often do you use your card? When you pop down to the shop and breaking that ten-pound note will result in too many coins to carry back? How about when you’re buying things online? Finally, how many have used their cards to book hotels? If you’ve stayed at a…
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Tax Credit Refund Scam Is affecting UK Based Individuals
Tax credits are a hot topic at the moment, this is in part to the Conservative death by a thousand cuts, I said cuts, plans which are set to reduce the income of many of the poorest in society by an average of £800 a year. Unfortunately, the adverse media…
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Former Mt. Gox CEO Mark Karpelès Arrested Over Lost 650,000 Bitcoins
More than a year after troubled Bitcoin exchange Mt. Gox folded, authorities have finally moved against the beleaguered firm. Japanese police have arrested former CEO Mark Karpelès for his involvement in the collapse of the exchange. Leading up to the collapse, the exchange reportedly lost 750,000 Bitcoins belonging to customers as well as…
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FTC About to Mail out 55 Thousand Checks Worth $1.9 Million
Multi-level marketing, or MLM for short, is an old scheme rarely used anymore because people aren’t stupid enough to fall for it now. It isn’t that long ago that it wasn’t the case and BurnLounge made a small fortune with their pyramid scheme. A pyramid scheme and multi-level marketing aren’t…
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Three Spammers Accused of Largest Data Breach in History
The US Department of Justice has charged three men with what could be the biggest data breach in the history of the internet. The three spammers are accused of stealing billions of e-mail addresses from the databases of e-mail service providers. Two of the men, Giang Hoang Vu and Viet Quoc Nguyen,…
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Phone Tech Support Scammer Threatens to Kill Sceptical Mark
Ten years ago, the most common internet-related scam was the infamous “419” confidence trick, e-mails promising vast wealth in exchange for a small investment. So infamous, in fact, that few people fall for it anymore. So, criminals had to evolve their approach, instead tricking their mark (or victim, to us)…
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Woman Buys PlayStation 4, Gets Box of Bibles
In a repeat of a story from last week, a woman from California bought a PlayStation 4 as a Christmas gift for her boyfriend discovered, when her boyfriend opened the gift on Christmas morning, that the console had been replaced with two heavy bibles. Sandra Ortiz bought the PS4 from…
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Man Buys PlayStation 4, Gets Bags of Rocks Instead
A man from Denver, Colorado who bought a PlayStation 4 from his local Walmart was shocked to find upon opening the box that the console was missing, its place taken by two taped-up bags of rocks. Igor Baksht bought the PlayStation 4 as a present for his niece and, despite…
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Norton Develops Wireless-Blocking Jeans
Anti-virus service provider Norton has helped develop a pair of jeans capable of blocking wireless signals, designed to protect credit cards and passports from being remotely hacked via radio frequency identification (RFID) signals. The jeans were designed in conjunction with fashion retailer Betabrand and uses silver-lined pockets to form a…
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Scientists Developing Unforgeable Credit Cards
Dutch scientists have created a theoretical system that could render credit cards nearly impossible to clone. Currently, credit cards are secured by numerical encryption which, given the appropriate equipment, can be deciphered so that the card can be copied. Scientists at the University of Twente in the Netherlands propose using…
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Former Apple Manager Gets 1 Year in Jail, $4.5 Million Fine for Leaking Apple Secrets
Paul Devine, formerly Apple’s Global Supply Manager, has received a year of jail time as well as a fine of $4.5 million for leaking the company’s secrets. Devine leaked secret product plans to a number of accessory manufacturers in return for money. This comes after Devine pleaded guilty to wire fraud, money…
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U.S. State Accuses Oracle of Lying, Fraud and Racketeering
The state of Oregon, U.S, has sued Oracle America Inc. and six of its top executives on Friday. Reason for the lawsuit is their failing to deliver a working website for the Affordable Care Act program, also known as Obamacare. Oregon had paid Oracle around $240 million dollars for a system…
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UK’s National Crime Agency Gives Two-Weeks Notice Regarding GoZeuS and CryptoLocker
The UK National Crime Agency warns the public to take advantage of a two-week notice in order to protect themselves from two major malware roaming the internet, the GoZeuS and CryptoLocker, which are responsible for transferring cash from online accounts and holding personal data for ransom. The NCA stated that…
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