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Online scams can involve anything from social media fraud to identity theft. If a deal seems too good to be true, chances are there will be warning signs well before clicking the buy button.
People who reported a romance scam claimed total losses of $1.3 billion in 2022, according to another FTC alert. The median reported loss then for an online romance scam was $4,400.
The alleged scam lasted from August 2004 through October 2010 and is estimated to have cost the victim $6–20 million. Gold brick scams. Gold brick scams involve selling a tangible item for more than it is worth; they are named for the scam of selling the victim an allegedly golden ingot which turns out to be gold-coated lead.
Chargeback fraud. Chargeback fraud, also known as friendly fraud, cyber shoplifting [1], or liar-buyer fraud, [2] occurs when a consumer makes an online shopping purchase with their own credit card, and then requests a chargeback from the issuing bank after receiving the purchased goods or services. Once approved, the chargeback cancels the ...
July 2, 2024 at 5:58 PM. NEW YORK (AP) — The Federal Trade Commission is taking action against a gig work company, saying it misled people about the money they could make on its platform. Arise ...
Steam is a video game digital distribution service and storefront managed by Valve.It was launched as a software client in September 2003 to provide game updates automatically for Valve's games and expanded to distributing third-party titles in late 2005.
An angry driver has taken to TikTok to brand car insurance a “scam” after she received a huge increase to her monthly bill — despite not having any accidents. ... Cost-of-living in America ...
The law firm Hagens Berman filed a lawsuit in the New York district court in January 2021, saying that Amazon colluded with leading publishers to keep e-book prices artificially high. Connecticut announced that it was investigating Amazon for potential anti-competitive behavior in its marketing of e-books.