As more consumers ditch checking accounts in favor of prepaid cards, some fraudsters are targeting cardholders in online scams. A recent New York Times story by Matthew Goldstein highlights that one particular financial product seems to have become the focus of regulators. It’s called MoneyPak, and it’s known as a “cash top-up card.” Rather than working
Scammers are setting up fake Facebook pages and possibly looting credit cards from the crash site following last week’s tragedy.
Investors must investigate the official letters after the name of an adviser or financial planner.
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Homeowners deluged with offers of mortgage help don’t know who to trust.
While these fraudsters probably won’t fool too many people, check fraud is serious business and costs banks close to $1 billion a year.
If you see a text message congratulating you on your new $1,000 Walmart gift card, don’t be fooled.
The Better Business Bureau advises military service members to beware of financial scams.
“Flashing the cash” makes you vulnerable to theft, and that’s especially true of baby boomers with healthy nest eggs. The Securities and Exchange Commission, or SEC, reported that it had filed a record 146 financial-fraud enforcement actions in 2011 against investment advisers and companies. That’s an increase of 35 percent in just three years. The