How crazy is the London property market? So crazy that reporter Max Hastings and his wife had their house stolen.
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.