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Affinity Fraud
Warning signs of investment scams
What's behind the continuing lure of Ponzi schemes? I think it's that we want to believe the path to El Dorado is easy. I believe it's an oversimplification to say it's all just about greed. It's really that we want things to be easy, we want that one answer that ...
New credit card breach: Protect yourself.
Criminals recently took advantage of a weak link at a particular merchant processor, which is an intermediary service between customers and retailers that clears credit cards for purchases. In the course of five weeks, over 1.5 million credit card numbers were stolen from all major cardholders including Visa, American Express, ...
video
"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.
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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 ...
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 ...
The pros and cons of social media
RIP-OFF ALERT: Social media is impacting our world both for the good and the bad. I have opposite examples that illustrate the pros and the cons. The U.S. Securities and Exchange Commission (SEC) has charged an Illinois man with trying to sell $500 billion in fake high-interest bank guarantee notes ...
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Scam Alert: Credit card account calls
If you receive a call about a possible breach of your credit card account...it might just be a scam. Clark explains.
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New Ripoff Alert: the "Grandma Scam:
How could your Facebook postings cause your aging relatives to get scammed? Clark has two warnings to help you and your senior loved ones stay safe.
Mini-Madoff sentenced for $400 million Ponzi scheme
RIP-OFF ALERT: Bernie Madoff's $50 billion Ponzi scheme made many Americans numb to the very idea of Ponzi schemes. But Nicholas Cosmo's $400 million fraud is earning him the nickname "Mini-Madoff" and a 25-year prison sentence. Cosmo's scheme operated for five years and was geared toward blue-collars workers and government ...
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