Con Men Scored Big With Saddam Hussein Currency--Learn How They Did It
More Scams Articles
10 Critical Questions To Ask About Any Investment Opportunity
With any investment, whether promoted in person, by mail, telephone, or on the Internet, a wise investor should always slow down, ask questions, and get written information. Take notes so you have a record of what you were told, in case you have a dispute later. 1. Is the investment registered with the SEC and the state securities agency in the state where I live or is it subject to an exemption? 2.
Think Twice About Identity Theft
If you think identity theft happens only to other people, think twice. I woke up to that the reality that anyone could be a victim of identity theft when my son called and told me he was notified of suspicious activity on his credit card. He lives in California and the charges occurred in Washington, a state he had never visited before.
Buying A Wedding Ring? Avoid Classic Diamond Scams
As you walk along on your quest for the perfect diamond for your mate, you hear, "Pssst! Hey mister, I hear you're looking for some good rocks. I've got some great stones, really reasonably priced. I'll even throw in the ring for free!" Sounds shady? You bet he is! Of course, you wouldn't really buy a diamond from a guy in an alley wearing a trench, right? Bet you'd be amazed by how many scams are pulled and in broad daylight by jewelers who seem absolutely honest.
Boiler Rooms Are Back
Boiler Rooms Are Back By William Cate It's not that they have ever disappeared. It's that after the passage of State and Federal Do Not Call Laws and the Courts upholding those laws, the telemarketing calls dropped by over 99%. The Federal Law provides for an $11,000 fine per violation (call). State Laws vary in the fine from $500 to $10,000 per call.
Secret Spider Generator Is NOT A Secret!
There is a product currently being marketed called the "Secret Spider Generator" that purports to be the "Key to Google's Back Door." It is even claimed that it will revolutionize the way people submit their pages to Google. What does this program do? It will search through your entire website and create the XML data feed so that Google can visit all the pages of your website without having to search through all the links on its own.
An Overview Of Ebay Security
Ebay Security On eBay, the payment exchange is left up to the buyer and seller. Whenever possible, use a credit card, because it protects you from losing your money outright. If for any reason you don't get the item, or it arrives broken or in a condition other than promised, you then have the credit card company on your side.
Authentic Handbags - How To Make Sure Your Getting The Real Thing
Like any other item of clothing that you want to buy, handbags also have lots of fakes in the market. Without the right information, you can end up spending a lot of money buying the handbag of your dreams, only to find out at the end of the day that it's fake. To prevent this from happening, take note of the following guidelines on how to tell the difference between a fake and a real handbag.
A duck's quack does not echo. Foreign exchange not only encompasses mystique, intrigue, but an ideal, echoless shield to hide behind.
Just before the Saddam execution, before the first of the year, 2007, we purchased some Iraqi currency, 5-dinar (pronounced DEE-nar) notes to 250-dinar notes--all sporting portrait photos of a smiling Saddam on their face--for an average price of 38 cents each. Right after the execution--a matter of just one week--the price tripled, to about $1.10 each. We simply stashed these away in our safe deposit box and forgot them.
Quickly thereafter, it seems, con men--those who love to play their games in foreign exchange--found what they believed to be a bonanza. Just one month later, February, 2007, the Better Business Bureau was suddenly flooded with complaints from around the world. The scam involved originated from a Chicago area office-space-rental cubicle, found vacated when located. The con men were selling these obsolete bills for prices ranging from several hundred to thousands of dollars each. Strange twist is: these orders were never delivered. (Could it be that the price went even higher?) Many of the victims turned out to be our service men and women in Iraq. We'd say doing hard time in a Saudi prison would be fitting punishment for these scam artists, for this focus of the scam alone.
It should have been abundantly clear that, with the demise of the Iraqi dictator--actually well before that, when he was overthrown in 2003--these bills were strictly a memorabilia item for collectors. Investors were told that big value increases were in store for them--if the value of Iraqi money were to increase. This implies that a money market element could stimulate growth. Wrong. As "dead currency" this was not the case.
There seems to be some inherent wisdom in this con man joke, as it applies to this unconscionable scam: What's the difference between a con man and a catfish? Answer: one is a scum-sucking bottom dweller, and the other is a fish.
Apparently, parties unknown and unfound raked in a huge amount of money with this scam. What further can be said on the subject? Only the summation: when in doubt subscribe to that sacrosanct legalism: caveat emptor, let the buyer (sucker) beware.
About the Author
The Con Man's Blog, and first two chapters of Jack Payne's legal thriller book, Six Hours Past Thursday, are now available online. Both readable for free. You are invited. www.sixhrs.com
Source: Scams Articles on ArticlesTree.com
Recent Scams Articles
Iternet Marketing a Scam
Internet Marketing a Scam Internet marketing a scam? In a word NO! and it's not get rich quick either. Some people market the business of internet marketing and affiliate marketing as get rich quick, think again.
You And Identity Theft
It was once said that crime never pays, but to the identity thief it can for a while anyway. This crime is linked to bank and financial fraud and can scam people out of thousands of dollars. In the beginning of the Internet, communication was not that widespread.
Sellers Getting Duped On eBay - How?
Buyers being victims of fraud is understandable, but sellers? Surprising though it sounds, that’s exactly what is happening on eBay. A common fraud is a bounced check. This has of course been happening for years in business.
The Nightmare Of Medical Identity Theft
Of all the forms of identity theft that exist, medical identity theft is probably the worst. This crime has some of the most frightening and far reaching ramifications. It can cause mis-diagnosis, cause the wrong treatment to be prescribed, or worse, the wrong medications.
ID Theft - Taking Care Of Your Driver's License
Your driver's license is singularly the most important identification document you have. It can identify you nationally and internationally. It has enough information stored on it to give law enforcement officials your entire history in a relatively short amount of time.
Online Scams You Should Know About
We all want to be successful own our own business, work for ourselves and be able to spend more time with our family and work from home. Sometimes we get so desperate and go for the first opportunity that we see that tell us they can make us rich overnight.
Legal Thriller Author Explains What Every Investor Should Know About Internet St...
A century ago P.T. Barnum sagely told us, "A sucker is born every minute." At the time he was, no doubt, correct. No longer. In today's internet world, that time-span has been cut back to every nana second.
YOUR NEXT "FREEBIE" MAY BE MORE THAN YOU BARGAINED FOR!
Free promotional offers are sent to email boxes by the thousands daily. "How to" CDs and DVDs are a popular give-away ... but these free offers can become a costly nightmare. If you receive an offer for a free promotional product, and all that is required from you is to pay "shipping and handling" .
Consumer Complaints Frustrate
You just don't know what you're getting til you got it. Many consumers have something to complain about these days. The product or service purchased might be less than expected or totally unacceptable.
Con Men Internet Scams: How To Earn a College Degree Without Earning a Coll...
What's a diploma mill? Explanation is right at your finger tips. Just check out the entry in Webster's Third New International Dictionary: "Diploma mill: An institution of higher education operating without supervision of a state or professional agency and granting diplomas which are either fraudulent or, because of the lack of proper standards, worthless.
Legal Thriller Author warns of Scam Artists' Inheritance Fraud--Do Not Make thes...
An attorney (???) phones you and says, "Allow me to introduce myself. I'm John Lawler, attorney, representing the estate of the recently deceased, Irving Generosis. Your name was mentioned in his last will and testament.
Con Men Scored Big With Saddam Hussein Currency--Learn How They Did It
A duck's quack does not echo. Foreign exchange not only encompasses mystique, intrigue, but an ideal, echoless shield to hide behind. Just before the Saddam execution, before the first of the year, 2007, we purchased some Iraqi currency, 5-dinar (pronounced DEE-nar) notes to 250-dinar notes--all sporting portrait photos of a smiling Saddam on their face--for an average price of 38 cents each.
Beware Of MLM "Training" Programs-Don't Pay For What Should Be Given Fre...
So, I just got off the phone with someone who called me about yet another "groundbreaking opportunity." I feel bad because I gave her such a hard time, but not on purpose. You see, in addition to my primary business, I offer a free leads generation system which makes PPC and bought leads obsolete.
Ponzi's, Pyramids and other Scams
P.T. Barnum, the famous circus entrepreneur supposedly said that "there was a sucker born every minute". However, I believe P.T. was being somewhat generous in his statement because it appears as if there are several born every second.
The 419 Internet Scam: Don't be the Next Victim
The 419 Internet Scam: Don’t be the Next Victim Unless you live on Mars, if you have a public email address, chances are that you may have stumbled on a 419 email scam at one point or another. Ironically, 419 is the real number of a section of the Nigerian penal code designed to prevent fraud against foreigners.