People who have been scammed may have to pay taxes on the money they lost. A proposed bill in Congress could provide assistance.
Victims of fraud often face an additional financial hit: they have to pay taxes on money that was stolen from them. Since 2018, there’s been a restriction on how fraud victims can claim losses on their tax returns, thanks to changes made under the 2017 Tax Cuts and Jobs Act. This legislation, informally termed President […]
Former NFL players claim they were scammed out of $1 million in a supposed fake Shopify store scheme according to a report.
A 24-year-old entrepreneur from Philadelphia, Mohamed Coulibaly, allegedly convinced several former NFL players to invest over $1 million into a Shopify store that reportedly inflated its sales figures, according to a recent report. Among the alleged investors were Philadelphia Eagles players Nakobe Dean and Jalen Carter, rapper YG, and U.S. men’s national soccer team defender […]
JPMorgan seeks to avoid paying $115 million in legal fees after being scammed out of $175 million.
JPMorgan Chase Fights $115 Million Legal Fee Obligation JPMorgan Chase & Co. is trying to sidestep a huge legal bill totaling $115 million linked to two former business partners convicted of defrauding the bank for $175 million. On Friday, the major lender submitted legal documents in Delaware, asking a judge to overturn a previous decision […]
Metro Atlanta couple claims they were scammed out of $800,000 in cryptocurrency.
The couple has reported their situation to both the Gwinnett County Police Department and the FBI. Gwinnett County, Georgia – A couple in Gwinnett County is grappling with the aftermath of losing $800,000 from their retirement savings due to cryptocurrency fraud. They are now aiming to help others avoid falling victim to similar scams. Jerry […]
Family feels scammed after birth isn't covered by hospital indemnity insurance – ABC 10 News San Diego KGTV
A Colorado couple said they felt scammed because their son's birth was not covered by the hospital's liability insurance. This holiday season marked some firsts for McClinton and Bree Heil. Their son Haynes celebrated his first Christmas and New Year. “I delivered my baby at Rose Medical. Great hospital, great team, and the nurses were […]
Centennial family feels scammed after son's birth not covered by hospital indemnity insurance – Denver 7 Colorado News
CENTENNIAL, Colo. — A Centennial couple told Denver7 they feel scammed because their son's birth wasn't covered by the hospital's liability insurance. This holiday season marked some firsts for McClinton and Bree Heil. Their son Haynes celebrated his first Christmas and New Year. “I delivered my baby at Rose Medical. Great hospital, great team, and […]
Trump voters ‘going to get brutally scammed’ by ‘terrible’ economic ideas: Paul Krugman
Economist Paul Krugman has claimed that voters who voted for President-elect Trump's “terrible” economic policies will be subject to “brutal fraud”. krugman I participated Tuesday's episode of the New Republic's podcast “The Daily Blast” discussed President Trump's major economic reform plans, including raising tariffs on international trading partners and cutting taxes for some Americans. “Trump […]
Don’t get SCAMMED by fake parking tickets!
Next time you get a parking ticket, don't pay it, at least until you're sure it's genuine. This is the latest way scammers are targeting banking information. Leaves realistic-looking parking violation signs on windshields in cities across the United States and Canada. The use of QR codes on text or paper tickets is a red […]
Timeshare terror leaves retired couple $50K in the hole after being scammed
The FBI is issuing a stern warning to timeshare owners about widespread telemarketing scams linked to Mexico's violent drug cartels. This scheme targets unsuspecting property owners and leads to significant financial losses. Here's what you need to know and how to protect yourself. Get Security Alerts, Tips from the Experts – Sign up for Cart […]
How 1 man got scammed in seconds using Google
Online financial scams are becoming increasingly sophisticated and target unsuspecting individuals through a variety of deception techniques. Cybercriminals exploit trust and create convincing scenarios to steal personal and financial information, often using well-known platforms like PayPal as hunting grounds. Take Paul from Massachusetts, for example. He recently wrote to us about his disturbing experience. This […]