11/10/2009 FTC Press Release:
Attorney Failed to Turn Over Proceeds from Defendants’ Business Opportunity Involving Sale of Internet Kiosks to Consumers.
The Federal Trade Commission has filed civil contempt charges against an attorney who represented the marketers of an “Internet kiosk” business opportunity that turned out to be nothing more than a Ponzi scheme.
Read more on FTC Files Contempt Charges Against Attorney for Ponzi Scheme Operators…
Filed under FTC Releases by Comment. 
I was reading a BBB alert about a site called 3HourProfits.com in which the BBB stated:
"3HourProfits.com of Minnesota charged one Wilson consumer to begin applying their internet marketing concepts and claimed the consumer would start making a profit within the first three hours of work. After paying, the consumer was re-routed through PayDotCom.com to set up an account for the commissions she would make. The site would not let her log-in to set up, and after contacting 3HourProfits.com multiple times she has yet to receive a response or reimbursement for the $39 start up fee. 3HourProfits.com is also operating under the name of Force One Events, Inc. and they claim to be ‘ranked #1 on BBBReviews.org.’ BBBReviews.org is in no way associated with the Better Business Bureau. The name is misleading, but neither 3HourProfits.com nor Force One Events, Inc. is a BBB Accredited Business. Force One Events, Inc. has failed to respond to several complaints and has an “F” rating with BBB."
Read more on 3HourProfits.com BBB warning – and funniest "As Seen On" claim ever……
Filed under Better Business Bureau Releases by Comment.
11/3/2009 FBI Press Release:
As part of a continuing effort to identify the latest cyber crime trends and warn the public, the FBI today released the following information:
Within the last several months, the FBI has seen a significant increase in fraud involving the exploitation of valid online banking credentials belonging to small and medium businesses, municipal governments, and school districts. In a typical scenario, the targeted entity receives a “spear phishing” e-mail which either contains an infected attachment, or directs the recipient to an infected website. Once the recipient opens the attachment or visits the website, malware is installed on their computer. The malware contains a key logger which will harvest each recipient’s business or corporate bank account login information. Shortly thereafter, the perpetrator either creates another user account with the stolen login information or directly initiates funds transfers by masquerading as the legitimate user. These transfers have occurred as both traditional wire transfers and as ACH transfers.
Filed under FBI Releases by %s Comments.
