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Scams & Rip-Offs

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"Pump and Dump" stock scams

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"Pump and Dump" stock scams

Ever gotten a hot stock tip sent through your Facebook or Twitter account? Here's why you should think twice before buying that highly touted penny stock.

Beware of fake online consumer reviews

Online reviews can help identify the best and worst products, but they can also be deceptive. The fact is, not every review can be trusted -- some are downright fake. Recently, one retailer was exposed for offering money for good reviews on his merchandise. He was offering 100% rebates to ...

Chase agrees to settlement in overdraft fee class action lawsuit

I have yet another story about another bank behaving badly and an assignment for you. Chase Bank will have to paying more than $100 million to settle a lawsuit about how they cheated you if you overdrew your checking account. Let me say this: Chase was not alone in all ...

New FCC rules will limit "robocalls"

If you're sick and tired of getting "robocalls" at home, there's some hope in sight for you thanks to a new federal regulation. Under new FCC rules, marketers will have to get your explicit permission before they can bombard you with pre-recorded automated calls on your home phone. This holds ...

Don't blindly trust electronic transactions

For some reason, consumers tend to give electronic transactions more credibility than human transactions. This makes no sense, since humans programmed the transaction software to begin with. Mistakes happen in either case, and Clark wants to share a few recent occurrences in hopes that it might inspire you to become ...

Should you trust financial radio shows?

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Should you trust financial radio shows?

Financial advice shows fill up the airwaves across the country. But how can you tell if the hosts are on the level or just pushing advertorials to the detriment of your wallet?

How to outsmart email "phishing" scams

"Phishing" scams have become a real problem in recent years. Phishing is when you receive an email from a company, requesting more information on your account, or indicating there was a problem with a recent purchase, etc. But in reality, the email is just a cleverly disguised scam, designed to ...

Early tax filers wait for refunds as the IRS fights ID theft

If you filed your taxes earlier this year and you're sitting around waiting for your refund, you may find you have to wait a bit longer for a very legitimate reason. During the last few years, crooks have been stealing people's Social Security numbers and then filing false returns as ...

Pump and dump scams make a comeback

Pump and dump scams are back and they're even infiltrating some unlikely corners of the pop music landscape. The Plain Dealer  reports that rap artist 50 Cent recently tweeted that there was an obscure company called H&H Imports, a distributor of headphones, poised to make big dough. His 3.8 million ...

TV/talk show host sentenced for Ponzi scheme

Do you trust me to give good, solid financial and consumer advice? Be careful with that trust! Years ago, I told a story on the air about a talk show host in Colorado who went to jail because he used his show as a front. He was pretending to give ...

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