The Grandparent Scam
Every day, phones are ringing in homes across the country. Maybe yours. On the line: organized teams of con artists trying to bilk you out of thousands of dollars by impersonating your loved ones.
Phaser Inc., a trading company in space-based MMO EVE online, have absconded with a record-breaking 1 trillion ISK and revealed themselves as a giant ponzi scheme in a remarkably frank open letter. Their haul of the in-game currency translates to just over $50,000, or 242 years-worth, of PLEX (traded for playing time). [via RockPaperShotgun] [more inside]
Last week the playwright Alan Bennett was "relieved" of £1,500 by one of the simplest scams about - the distraction scam. The BBC provides a helpful guide to how not to get scammed while MSN outlines the 13 scams of the summer. For a more in-depth examination of the world of scams, The Real Hustle is an invaluable resource. [more inside]
Anti-Identity-Theft Firm Lifelock was fined $12 Million in March for deceptive business practices by the FTC. More bad news: their CEO had his identity stolen 13 times after posting his own social security number in company ads as proof they could protect him. [more inside]
From a theft at the U.S. Mint to a scam artist in Philly, from a playboy Egyptian king to a Secret Service sting at the Waldorf-Astoria, ending up at a record-breaking $7.59 million auction: the fascinating history of a coin. (via BoingBoing)
The next time you receive a pesky junkmail cheque promising you untold riches perhaps you should pause for a moment and consider the prospect that it may not be a zillion miles from the truth afterall. On the other hand - this rather tediously longwinded account of someone scamming a scam might itself be nothing more than just a.. erm.. nother scam.